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California budget deficit has swelled to $16 billion, governor says

Discussion in 'Political Issues' started by DonGlock26, May 13, 2012.

  1. DonGlock26

    DonGlock26

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    California budget deficit has swelled to $16 billion, governor says





    Read more: http://www.foxnews.com/politics/201...elled-16-billion-governor-says/#ixzz1ukuYLUCf


    http://www.foxnews.com/politics/201...deficit-has-swelled-16-billion-governor-says/


    Well, what will it be California? More taxes or gov't cuts? Of course, those cuts will always involve threats of cutting teachers and public safety workers. They never seem to threaten taxpayers with cuts in bureaucrats and regulators. I wonder why?


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  2. engineer151515

    engineer151515

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    Classic "tax the rich" mentality.

    California has already seen a great deal of industry flee the State's oppressive tax structure, crazy Propositions, insurance madness, and choking environmental regulations.

    Wait till California sees that the "rich" can leave too.
     

  3. DonGlock26

    DonGlock26

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    Europe's woes aren't enough for them. They will have to see what socialism can do to a state first hand. :upeyes:

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  4. maxsnafu

    maxsnafu

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    As long as the rest of the country doesn't have to bail out California I really couldn't care less what happens to it. I hope they increase spending. Watching this train wreck is fun.
     
  5. callihan_44

    callihan_44 INFIDEL

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    keep voting in tax and spend politicians, lib californians wont get it till the ship is sunk and then will spread like a cancer to healthier cells in other parts of the country to vote in the same agenda to kill off the host....
     
  6. kenpoprofessor

    kenpoprofessor

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    But, but, but, I thought everyone who's there should stay and fight, that's the right thing to do right? :wavey: Not run away like little ole me? :rofl: They've got family and financial interests that prevent them from pulling up stakes and getting outta Dodge, so I guess they're just gonna have to suck it up. :embarassed:

    Have a great gun carryin' Kenpo day

    Clyde
     
  7. certifiedfunds

    certifiedfunds Tewwowist

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    Watching California crash will be spectacular!
     
  8. kenpoprofessor

    kenpoprofessor

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  9. Brucev

    Brucev

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    Kalifornia is dealing with the sludge that remains after drinking to long the koolaid Sacramento was pouring.
     
  10. azatrox

    azatrox

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    They'll get a bailout....with YOUR money.
    Too big to fail.
     
  11. Bruce H

    Bruce H

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    Well hell is isn't a trillion yet. Who cares.
     
  12. certifiedfunds

    certifiedfunds Tewwowist

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    Good point. When it comes to government deficits, we count in trillions now.
     
  13. pugman

    pugman

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    I work for a major health insurance provider.

    A not in name committee of analysts (which I have provided data to) has "not" been formed to look into the cost of NOT doing business in California.

    The only backlash we can see right now is political pressure from Washington forcing us to stay in California to share in the risk; or competitive pressure where another company might convince one of our other major plans "well, they pulled out of California they might pull out of [insert your state of choice] next!"

    The cost of doing business in California is crazy expensive for us; and its not even the state regs but the actual cost period. L.A is the single most expensive market we have on a cost basis; even NYC is cheaper.

    Typical Government b.s toting the lower number while hiding the truth.

    Depending on who you want to believe, their government pensions are underfunded by anywhere from $535-$775 billion; they should reach a $1 trillion in under ten years.

    California's problem IS readily fixable. Wisconsin's budget deficit was $3.6 billion we have 5.7 million in the state; California budget deficit with nearly 38 million in the state shows our pp was in fact worse than California.

    Introduce Gov Walker (under recall right now) who stood up to the union.

    The deficit disappeared and taxes fell for the first time in years.
     
    Last edited: May 13, 2012
  14. Cavalry Doc

    Cavalry Doc MAJ (USA Ret.)

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    Makes me think a northern border fence would make more sense than a southern one for Texas.



    Shiite, we are in for some rough times.:shocked:
     
  15. CAcop

    CAcop

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    My city plays the game of "all city workers are the same" but then when we want furloughs like the other city workers "no we can't do that with you guys, that would be a reduction in police services."

    They are using police and schools to scare people. What I find funny is that they never mention fire as a place to cut.
     
  16. CAcop

    CAcop

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    Do you really want more Californians? Your state just might vote for Obama this year. Take a look at the polls. You might have 20 years before you are like CA.
     
  17. CAcop

    CAcop

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    ITs not Sacto, its L.A. The greater L.A. area is huge, probably 2/3 of the population, and they are very liberal.
     
  18. certifiedfunds

    certifiedfunds Tewwowist

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    Besides it being politically expedient to threaten police and schools, understand the difference between mandatory and discretionary spending. Police, for example, usually fall under discretionary.
     
  19. CAcop

    CAcop

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    What Mayberry do you live in?

    Oh, wait Louisiana.
     
  20. certifiedfunds

    certifiedfunds Tewwowist

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    I'm sorry. There was no derision in that post of mine. What's your point?

    When it comes time to cut government spending, mandatory spending is virtually untouchable, which leaves discretionary (police) spending on the chopping block. Since most people would not like to hear of police presence being reduced, it is used as leverage by the politicians over their constituents.