Reading this morning's San Francisco Chronicle, it's no wonder most Californians are unperturbed by the issuance of IOUs by the state government. Even most Californians who depend on Sacramento for a regular check are utterly unaffected. Consider the following quote from this morning's article...
"California plans to begin issuing billions of dollars in IOUs today to scores of creditors, including private businesses and county governments."
"The move will not affect many individuals who receive government assistance. Low-income people, the elderly and the disabled will receive their regular checks on schedule. Schools, state workers, Medi-Cal providers, pension funds, and In-Home Supportive Services are all protected by law from receiving an IOU in lieu of a real check."
The bold-face emphasis is mine, not the Chronicle writer's...
