Gray Davis continues to destroy California:

Back from the holiday break, state lawmakers have a tall order as they are charged with coming up with a fiscal budget or the state could technically go completely broke.

In fact, financial conditions are such that the state controller could begin the budget process by issuing 'IOU's' to vendors doing business with the state.That notion of IOU's is not sitting too well with LA County Supervisor Zev Yarohslaviski who told KFWB that there is no existing budget and that issuing deferred payment notices to vendors is equivalent to a "handshake with a pauper."

"Where's the light at the end of the tunnel and how will we redeem these IOU's?" Yarohslaviski said, adding that the controller's possible contingency plan is irresponsible.

Other critics call the idea a "job killer" and say it's ridiculous to essentially tell vendors 'We'll pay you later.'

I wonder if the good citizens residing in my former home state can send IOU's in lieu of taxes.