IOU's and Expense Sharing

Web site gives you a really simple way to deal with "I owe you"s and expense sharing. You can have as many groups as you want; each group has a number of people that share a common account.

~ one or two of you can pay the expense and then the rest of you will owe them an amount of money. You just register those debts ~ and that's it! Next time, if you pay the account will get balanced.


[We already have a group. It's called the Congress and the IRS. They regulate all the money and the debts. Only a selected few pay the debts, and selected groups get a pay-back, bail-out, pay-out or a pass ... is a "changing, tangled mystery" ... and it never gets balanced.]


The US Senate Finance Committee on Thursday approved Timothy Geithner to head the Treasury Department under President Barack Obama
Our Group leader Geithner, not stopped by arithmetic, tax problems, or IOU's - he uses Tax Turbo
See Video ...

Update: Geithner Confirmed. Evidently, his method of juggling numbers is compatible with the U.S. tax code and can be useful. He is OUR man for the job.

See also: The "Medusa" Economy