California "takes out a loan." From my wallet.
News story here.
Nobody asked. First I heard of it was when I read the news story.
Oh, we'll get it back next year. Promise! This from the state that was paying in IOUs for a while.
Will I get interest on this "loan?" Bonds pay interest after all. Hell no, although if I decided to pay all my income taxes at the end of the year instead of dishing them out quarterly, I would get stuck with a nice interest hit and penalties.