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Jerry Brown: California's deficit is gone

CalGun said:
CA lost 73,000 small businesses last year. That is 5% in one year.
What Recovery? California Lost 73,000 Businesses in 2012
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Have you ever met such a poorly informed group of people in your life that are now Obamabots? They willingly buy anything that they are told which boosts their distorted view of reality. California has a massive debt and businesses fleeing the state yet continues to spend money and the unemployed demand more services.

Just look at the responses on this thread? What has happened to our education system that destroys all sense of objectivity and reality?
 
It's not just the state. The cities are in the verge of collapse under the defined benefit scam. My home town city manager told me the contribution to PERS next year will be 75% of an officers salary. So if an officer makes $60,000 the city will be paying calpers $45,000 for that officers defined benefit.


Conservative said:
Have you ever met such a poorly informed group of people in your life that are now Obamabots? They willingly buy anything that they are told which boosts their distorted view of reality. California has a massive debt and businesses fleeing the state yet continues to spend money and the unemployed demand more services.

Just look at the responses on this thread? What has happened to our education system that destroys all sense of objectivity and reality?
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Conservative said:
Wow, Obama has almost matched that in less than 5 years. For someone who claims they are concerned about the deficits and debt how can anyone support Obama who submitted a 3.77 trillion dollar budget request. We have 312 million Americans which that budget is supposed to help. Reagan's last budget was 994 billion dollars for 242 million Americans. My those additional 70 million Americans are expensive.

As for California, keep kicking the can down the road for someone else to pick it up. Jerry Brown is a typical leftwing politician who lives for today and forgets about tomorrow. The California debt is going to eventually come due and to claim that California's deficit is gone is half truth, it has been kicked down the road by accounting tricks and projections none of which are ever realized.
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Something wrong with that chart. The last federal payment paying off WW ll was during the Reagan administration.

I think it went to Douglas Aircraft for the last C-47 bought in 1945.

Well any ways, most papers carried the story back during the 80's when we paid off the WW ll debt.
 
Apparently there are a lot of fools out there who entirely fail to understand the difference between deficit and debt. If you've had a deficit for the last five years it's pretty damn likely you're in debt. If you get out of that deficit for one year it's still pretty damn likely you're in debt.

This does not require a degree in economics to work out and also ignores the history of the United States and California which only add weight to that reasoning.
 
Conservative said:
Now as Paul Harvey used to say, "now for the rest of the story"

Report: California

Apparently Obama and Brown supporters don't understand finances very well nor do they have any concept as to the difference between debt and deficits
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Oh...oh my god, I can't even....oooohhhhh....

This is karma for me putting the I told you so :doh

I completely read my own source wrong and went on my merry way...

This is definitely the most embarrassing thing I've ever done on DP :3oops:
 
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