Recently we received our State and Federal tax refunds. We immediately deposited them in the bank and waited for them to clear so we could start on the 101 home improvement projects we have waiting for attention. 

The Federal check cleared at once. The funds were available within a couple of days. The State one, as in California, well, we’re still waiting for it to clear.

I can remember when California ran out of money and had to issue IOUs. This does not give me a warm, fuzzy feeling inside.