The grassroots progressive Democratic Courage Campaign is launching a new effort to call attention to California’s fiscal crisis and impending cash outage, which could have you — yes, you — getting IOUs in the mail next month instead of financial aid checks or tax refunds:

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Chuckle-worthy, right down to the serial number. I’m guessing this isn’t the way Schwarzenegger might’ve dreamed of seeing his face on currency…

Josh Richman

Josh Richman covers state and national politics for the Bay Area News Group. A New York City native, he earned a bachelor’s degree in journalism from the University of Missouri and reported for the Express-Times of Easton, Pa. for five years before coming to the Oakland Tribune and ANG Newspapers in 1997. He is a frequent guest on KQED Channel 9’s “This Week in Northern California;” a proud father; an Eagle Scout; a somewhat skilled player of low-stakes poker; a rather good cook; a firm believer in the use of semicolons; and an unabashed political junkie who will never, EVER seek elected office.