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Thread: Jerry Brown: California's deficit is gone

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by repeter View Post
    Hallelujah!!! This made my day.

    Now if we can start paying off our debt instead of using the money, I might die of happiness.
    From the article:

    "That's the context of this budget, to fix the long-standing problem. We have fixed it. We're on the road to sustainable balance. It will not be easy - there will be some disagreements, there will be some heartburn," Brown said.

    He vowed to be conservative with spending "instead of just enjoying the momentary high and then having the hangover many years later."
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    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by Fishstyx View Post
    Yeah, I posted it. Did you actually read the article posted.
    No, you did not. You posted a link showing that the state projected revenue. You didn't post any link showing that the state didn't get the projected revenue

    The State Finance office speculated that would be around $35 a share. Whats FB's stock price? Do the math.
    It doesn't matter what FB's stock price is now. The projection was for revenues from FB's IPO, which was priced at $38, $3 above the states projection. The IPO not only sold out, but FB released more shares, so the revenue exceeded the states projections
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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by Fishstyx View Post
    Yeah, I posted it. Did you actually read the article posted. The State Finance office speculated that would be around $35 a share. Whats FB's stock price? Do the math.

    Its a point that its a budget projection for 2013/14. I'm not saying its not possible but they're basically saying the current changes to the CA tax rates and sales tax will have no impact and be exactly the same as last years economic activity in the state. Again, time will tell if the projection is rooted in reality.


    Yea, it looks like you and Jerry were right, seeings as facebook looks like its going to be a winner.Wish i had bought some FB when if first hit the market.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by poweRob View Post
    From the article:

    "That's the context of this budget, to fix the long-standing problem. We have fixed it. We're on the road to sustainable balance. It will not be easy - there will be some disagreements, there will be some heartburn," Brown said.

    He vowed to be conservative with spending "instead of just enjoying the momentary high and then having the hangover many years later."
    I know, but s**t happens you know? I'm optimistic though
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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by CalGun View Post
    This is based on revenue assumptions. The last time they made revenue assumptions they expected Facebook share value sales to
    give them a windfall that never materialized. They are assuming a lot of things - they always do - one that people won't leave the
    state to avoid the soaking the voters put on the wealthy.
    Brown is just doing what Democrats end up spending alot of their time at. Fixing bad economies and getting out of debt that Republicans always seem to leave behind wherever they go.. Imagine what they could do with our other problems if they didn't have to keep doing this?
    Sour Grapes must be at the top of the menu at your place.

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by Fishstyx View Post
    Anyway, this is all projection at this point based on the speculation that things will be exactly the same as this year and the increase in taxes will generate their shortfall. Only time will tell if the speculation is accurate.
    You make it sound like budget projections are the rarest thing in the world. I don't know why you're making such a big deal out of this. I suppose it just speaks to your fundamental opposition to government. It's a shame you let that cloud your judgement though, it makes you look really foolish, and a bit of an ideologue.
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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by iguanaman View Post
    Brown is just doing what Democrats end up spending alot of their time at. Fixing bad economies and getting out of debt that Republicans always seem to leave behind wherever they go..
    Sour Grapes must be at the top of the menu at your place.
    To be fair, Democrats run up deficits and debt as high as anybody.
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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by repeter View Post
    You make it sound like budget projections are the rarest thing in the world. I don't know why you're making such a big deal out of this. I suppose it just speaks to your fundamental opposition to government. It's a shame you let that cloud your judgement though, it makes you look really foolish, and a bit of an ideologue.
    Especially when you add in the fact that the tax revenue from the FB IPO *exceeded* the states' projection
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by repeter View Post
    To be fair, Democrats run up deficits and debt as high as anybody.
    I'm tired of being "fair". I prefer to be accurate.



    $12 Trillion Calc

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by sangha View Post
    No, you did not. You posted a link showing that the state projected revenue. You didn't post any link showing that the state didn't get the projected revenue



    It doesn't matter what FB's stock price is now. The projection was for revenues from FB's IPO, which was priced at $38, $3 above the states projection. The IPO not only sold out, but FB released more shares, so the revenue exceeded the states projections
    He asked you to do the math. You did it correctly. He should thank you, but he won't.

    He should also reconsider listening to whatever show he got this idea from about the FB IPO and California's revenue. The right wing propaganda machine makes people look like such fools when they spout what they have heard to the rest of the public.
    You can never be safe from a government that can keep you completely safe from each other and the world. You must choose.

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