![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHm2bZEIr65rpuPvoaJZOd6tG0Oneo1ntLPYOIH37FJD-60diKo3LQLy7UeAhudTXMpk9agZCv6-CVcmuB0lYYsyurhas_Fkn3gfeGXl7VtCDTLUCLK3XORksdZWiwiG-coyHtWc283hA/s400/caiou.jpg)
IOU's? The State of California prefers to call them "registered warrants." $3.7 billion of payments have been halted because of the cash crisis in the state. And half of them are tax refunds.
This will help "confidence" in the system!
http://www.latimes.com/news/local/la-me-budget17-2009jan17,0,4472460.story
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