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User Info State Detonation Countdown: California in forum [Ticker]
Genesis
Posts: 83025
Incept: 2007-06-26
Admin A True American Patriot!
Chief Bottle Washer
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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
Aja
Posts: 2548
Incept: 2008-03-19
Silver
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The difference is the $$$ he'll be getting from Fedl Govt
Genesis
Posts: 83025
Incept: 2007-06-26
Admin A True American Patriot!
Chief Bottle Washer
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Not enough Aja. The numbers still don't balance.

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2banana
Posts: 291
Incept: 2008-02-25

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Cut all public union pensions by 10%
Cut all public union salaries by 10%
Cut all public union benefits by 10%
Cut all assistance to all illegal immigrants

Repeat until the budget is balanced.
Aja
Posts: 2548
Incept: 2008-03-19
Silver
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Heheh Obama et all will make sure it balances :)
Meanwhile here in PA our Governor believes that table gaming will save us. Just legalized it today in hopes it will suck enough bucks out of the unemployed gamblers to balance the budget
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Leonidas
Posts: 246
Incept: 2008-09-06
Gold
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Looks like a calculated game of chicken, based upon the "too big to fail philosophy." Bankrupt CA = 55 electoral college votes. Arnie to Obama: " Your move girlie man "

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Of each particular thing ask: what is it in itself? What is it's nature?

Marcus Aurelius
Captbill
Posts: 553
Incept: 2008-07-22
Silver A True American Patriot!
Arizona's West Coast
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I agree with Aja about "O" coming to the rescue. With a legislature that is all (D) he just has to--if they were predominately "R" he wouldn't touch it. IMHO
Stormrunner
Posts: 129
Incept: 2008-01-29

OC CA
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No Bong in this stategy

The plan is to squeek through till termed out than lay it in someone elses lap.

The mini version of the Wall Street explosion.
Markytom
Posts: 236
Incept: 2009-02-19
Green
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Quote:
Meanwhile here in PA our Governor believes that table gaming will save us. Just legalized it today in hopes it will suck enough bucks out of the unemployed gamblers to balance the budget.


I thought the PA Governor was going to tax tuition?

Also, how about investing in some CA GO bonds? S&P still rates them as A.

http://www.buycaliforniabonds.com/bcb/ra....
Get_a_grip
Posts: 205
Incept: 2008-10-10
Silver
TF Country
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leonidas wrote..
Looks like a calculated game of chicken, based upon the "too big to fail philosophy." Bankrupt CA = 55 electoral college votes. Arnie to Obama: " Your move girlie man "


Oh man, that was funny!

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"In the beginning the Universe was created. This has made a lot of people very angry and been widely regarded as a bad move." - Douglas Adams

“I'll be more enthusiastic about encouraging thinking outside the box when there's evidence of any thinking going on inside it." -Terry Pratchett
Mdporter
Posts: 145
Incept: 2008-02-26

San Jose, CA
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Genesis where did you get the $40 billion deficit figure from? www.sacbee.com is stating it is $20 billion.
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Hogman
Posts: 2919
Incept: 2008-02-18
Gold
Derby City, USA
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Aja wrote..
table gaming will save us. Just legalized it today in hopes it will suck enough bucks out of the unemployed gamblers to balance the budget


smiley


Yep, lotteries/ state gaming nothing more than a voluntary tax

KY sold it on the premise the un awarded funds would be used to fund education. Passed by an overwhelming majority.

Fine print everybody failed to read: money goes into the general fund, then to education.

Great footwork, now you JqPublic have no idea where the money actually wentsmiley

Reason: clarify
Otiswild
Posts: 2304
Incept: 2009-03-09
Silver
Teegeeack
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Don't worry California...
inline

(I wonder if there's any used 'Dissent is Patriotic' shirts on eBay? Must be goin' cheap..)

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"I come in peace. I didn't bring artillery. But I'm pleading with you, with tears in my eyes: If you **** with me, I'll kill you all." Gen. James Mattis, USMC
Mdporter
Posts: 145
Incept: 2008-02-26

San Jose, CA
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The CA school systems need a forensic audit. Money just gets sucked down the drain. Same with the UC and CSU systems. How much money goes to illegals? Billions, yet the politicians would rather cut off the old people instead of people who shouldn't even be here. The state is run by morons.
Widgeon
Posts: 8461
Incept: 2007-08-30
Gold
OK
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What did they do w/ all the money they've already been given? This amount of "new" shortfall is well in excess of what they've recently claimed. It's as if none of what they've already been given was used for anything "budgeted" ... like it all went someplace completely different.

Yougofirst
Posts: 457
Incept: 2007-12-04
Green
Yugo is here...
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Good thing we're not cutting a penny from our precious California Education budget!


We treasure our high-overhead schools, where students fail exit exams at an alarming rate and meet up with other little bangers for organized criminal activity.

We won't let you take this from us! Won't, I say!

smiley

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Nothing I Say Is Advice.


Fidgit
Posts: 15914
Incept: 2008-02-18
Gold
Tax Unit #1,384,923,781
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I keep waiting for a national lottery...I just stunned they haven't floated that yet...

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I say it's spinach, and I say the hell with it.
Lemonaid
Posts: 7100
Incept: 2008-01-20
Green
Metro Detroit
Online
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I've said it before and I'll say it again. Give government money and it will pay itself. Government is simply a collection of people all trying to get paid.

The only time the government should ever be given money is because the private sector can not possibly be expected to perform the function itself.

Example, letting Wal-Mart run the Fire Department / Police Department.

The frictional loss from a collection of people who automatically get paid is astronomical.


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"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." Ludwig von Mises

Yougofirst
Posts: 457
Incept: 2007-12-04
Green
Yugo is here...
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Quote:
The CA school systems need a forensic audit. Money just gets sucked down the drain. Same with the UC and CSU systems. How much money goes to illegals? Billions, yet the politicians would rather cut off the old people instead of people who shouldn't even be here. The state is run by morons.


I think schools are encouraged to take illegals and pretend not to notice. Schools get federal dollars for each day each student attends. So schools don't care at all where the student comes from, only that all available classroom deadbeats are expanding the school budget.

Classroom deadbeats slow down students who speak English as a first language and attend regularly. And they do it all at no expense to themselves.

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Nothing I Say Is Advice.


Adp
Posts: 59
Incept: 2009-10-16
Green
California
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We (at UC) were told a few days ago that there is going to be support for Higher Ed. Haven't read the details but it also involves no offering early release to prisoners.
Travelerjim
Posts: 419
Incept: 2008-05-22
Gold
CO
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I think that it nearly 50% of expected expenditures... not revenues..?
Digalert
Posts: 104
Incept: 2009-09-19

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California really ****es me off!!! Last May, by 67% voters said "no new taxes" leaving Sacramento befuddled. How to balance the budget without an increase in revenue? They've state has already looted the county and city reserve funds. clueless
The Schwantz ordered, among other things, restore oil drilling of the coast. The legislature quietly voted that option down and deleted the voting record so the people would not know whom voted.
Oblame preaches green energy, so some outfit proposes a solar plant in the desert. Feinstein, yes the state senator, blocked it due to environmental concerns. Another outfit proposed a battery (think green) plant and the county of Los Angeles turned it down. Pelosi scored $3 million to protect the Marsh mouse in San Francisco.
A study was out last year, comparing California with peer states over the last decade. Study showed while the other five had a net gain in jobs and business, California net loss.
California is run by clueless tree hugging social program ****ing idiots.
Risingcream
Posts: 2895
Incept: 2007-09-07
Green

Online
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There is a national lottery. If you were born into an elite family you have won it already.

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Civilization...ancient and wicked. --Subotai

I love to go to Washington - if only to be near my money.
-- Bob Hope
Mdporter
Posts: 145
Incept: 2008-02-26

San Jose, CA
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Yougofirst, the illegals are also getting welfare and use our county hospitals for their healthcare, which they don't pay for. Not to mention we also pay for jailing them instead of deporting them.

The UC/CSU also needs to start taking massive paycuts and pensions should be shut down.
Statusquojoe
Posts: 2743
Incept: 2008-11-20
Gold A True American Patriot!
Land of the fees Home of the slaves.
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Decriminalize drugs and they could save a ton of $$ on the prison system.

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There are so many rules no one knows which rules to follow. The only sure rule is more rules will follow. SQJ.
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