You guys (voters, not politicians) need to set a precedent here. Since the state is going to start issuing IOU's, you need a grass roots movement and a mass riot to force the legislators to accept the IOU's as their personal compensation until all other IOU's are paid off. If they can't pay anyone else, they shouldn't be paid themselves. That's the way it works in private business and it changes the way the business is run. Time to pay the fiddler for them too.
This makes me MAD, and I'm not even a resident of California.
Cash-strapped California sets interest rate on "IOUs" - Yahoo! News