California (a Democratic Bastion) is in over it's head
Sep 23, 2012 19:44:04 #
Just read this, of all places in the NY Times...Their troubles don't surprise me as it's a typical Blue run State
http://www.nytimes.com/2012/09/21/us/california-debt-higher-than-earlier-estimates.html?_r=0
http://www.nytimes.com/2012/09/21/us/california-debt-higher-than-earlier-estimates.html?_r=0
Sep 23, 2012 22:48:14 #
Right, Scott. And, you know? If it doesn't surprise you, and it doesn't surprise me...why in H___ does it surprise Governor Moonbeam? What, for crying out loud, is WRONG with these people?
What's worse: when they go down they're taking us all with them...
What's worse: when they go down they're taking us all with them...
Sep 23, 2012 23:42:48 #
Screamin Scott wrote:
Just read this, of all places in the NY Times...Their troubles don't surprise me as it's a typical Blue run State
http://www.nytimes.com/2012/09/21/us/california-debt-higher-than-earlier-estimates.html?_r=0
http://www.nytimes.com/2012/09/21/us/california-debt-higher-than-earlier-estimates.html?_r=0
As a former resident of California I can honestly say that the fiscal problems encountered by the state became a problem before Governor Brown. I lived on Redondo Beach for 15 years from 1985 to 2001. In California first there was the savings and loan crisis, then the decline of the aerospace industry, then the dot com bubble burst then the real estate bubble burst... those factors combined the with the direct democracy process that allows the citizens to determine their tax rates have put the state in quite a fix. Gov. Brown knows what needs to happen...he must raise taxes and give incentives to bring industry back to the state. There is no better place to live in this country than California...it offers something for every lifestyle from the desert to the mountains to life by the sea it is truly a wonderful place and I miss it every day of my life...now that I am stuck here in flat, hot and dumb (Daniel Tosh quote) Florida.
Sep 24, 2012 00:52:47 #
Screamin Scott wrote:
Just read this, of all places in the NY Times...Their troubles don't surprise me as it's a typical Blue run State
http://www.nytimes.com/2012/09/21/us/california-debt-higher-than-earlier-estimates.html?_r=0
http://www.nytimes.com/2012/09/21/us/california-debt-higher-than-earlier-estimates.html?_r=0
Maybe the blue state should quit being donor states to those freeloading red states? Mitt seems to advocate such a move. Do you have any Idea Just how out of balance this has become? The last time I looked at the list Texas was the only red state not freeloading but that made no adjustment for all the Defense budget allocated for Texas. Scott you need to find some new reading sources.
Sep 24, 2012 01:26:11 #
Simply spend less, not more, than you collect in tax revenue. If the people refuse higher taxes then cut spending. It is not rocket science.
Sep 24, 2012 01:40:27 #
As a teacher here in California, I can vouch for how bad things are. We haven't had a full year of school in 4 years, and we stand to lose 4 weeks in June. I have to admit I laughed when Ed Schultz was aghast that Pennsylvania cut $1 billion from their school funding. Here in California we've lost $20 billion in the last 4 years. A billion dollars is chump change here in California.
Sep 24, 2012 05:30:14 #
Sep 24, 2012 08:39:38 #
With the strangle hold unions have on the CA legislature it wouldn't matter if Jesus Christ was chief of state. And the spending goes on.
Sep 24, 2012 09:47:42 #
esqrich wrote:
With the strangle hold unions have on the CA legislature it wouldn't matter if Jesus Christ was chief of state. And the spending goes on.
You don't get in deep financial hell solely because unions have generous pensions. Much of California's problems can be traced all the way back to 1978 with the passage of Prop 13. Prop 13 limited property taxes drastically. We've done that for years and it obviously had a very small impact on our problem. California needs to raise taxes - sales taxes, property taxes and income taxes but nobody wants to admit it.
Sep 24, 2012 09:49:48 #
esqrich wrote:
With the strangle hold unions have on the CA legislature it wouldn't matter if Jesus Christ was chief of state. And the spending goes on.
John Stewart and his crew had a good peice about the states and their budgets related to what they send into the tax people versus what they get from the federal coffers. Seems only about 8 states take in more to the federal income tax and corporate tax coffers than what they get back in federal funding or matching funds. California was one state that paid in more than they received from the fed. Not sure what affiliation the other states that are in the black are though.
And this had nothing to do with if the state has a ballanced budget or not. Most states get more in federal money that they take in under federal income tax. The state budget is based on the monies they collect from sales tax, state income taxes, and property taxes added to the federal matching funds that come so most states can not balance their budgets without the huge influx from federal programs funding.
Sep 24, 2012 10:13:54 #
Raising taxes would most likely result in an exodus from the State of large numbers of people & businesses. Hence the problem still would not be resolved...I say that in respect to property values especially, as California has some of the highest property values in the country
tschmath wrote:
quote=esqrich With the strangle hold unions have ... (show quote)
Sep 24, 2012 10:29:54 #
Hey Danilo,
Didja know, that out of the last 53 years, there has been a E.G. Brown in the governors chair for 18, soon to be 20. And if Junior has his way it'll be 24. Maybe we should change our name to "Brownifornia". Cause we're in deep dodo.
Didja know, that out of the last 53 years, there has been a E.G. Brown in the governors chair for 18, soon to be 20. And if Junior has his way it'll be 24. Maybe we should change our name to "Brownifornia". Cause we're in deep dodo.
Sep 24, 2012 10:42:58 #
gmcase wrote:
Simply spend less, not more, than you collect in tax revenue. If the people refuse higher taxes then cut spending. It is not rocket science.
:thumbup:
Sep 24, 2012 11:34:34 #
Jersey guy
Loc: New Joisey
Whenever I hear that raising taxes will solve the problem, I go ballistic. Here in NJ we started out with a 2% sales tax that was supposed to solve our then financial problems. As the problems got worse, the solution was....you got it....raise taxes. And so it went until we got to the present 7% level which, you guessed it, did not solve the problems. We won't even go into the issue of how the Casinos were going to resurrect Atlantic City and bring untold treasures to the state's school funding. Never happened. Raising taxes is like giving more money to alcoholics and druggies....politicians will regard it as "found" money that they can spend on pet projects to guarantee their re-election.
Sep 24, 2012 11:42:54 #
I think that with politicians,like the general populace, the motto is "the more you make, the more you spend", no matter where the money comes from...
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