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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 Camlon View Post
    One thing that is interesting, is that when California is doing badly, then the left finds all kind of excuses, but when California does well then it is an example to follow for the rest of the country.

    I don't know what estimates his budgets are based upon, but I believe he is overestimating revenue and underestimating costs. That is what they are doing in Europe every single year. Often they are built on GDP predictions that will never happen. These are the Bureau of Economic Analysis estimations for California's GDP per capita. My guess is that Browns estimations are even higher.

    Given that much of this data is historical, and it projects into the future at the same trajectory as the past, I am not sure what specific criticism you are leveling ...

    Without any evidence whatsoever, you are saying that Brown's projections of GDP per capita is more generous than this chart? Okey, dokey. I see you are simply carrying on the ideological tradition of making it all up as you go...
    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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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by Dezaad View Post
    Given that much of this data is historical, and it projects into the future at the same trajectory as the past, I am not sure what specific criticism you are leveling ...
    No, it fricking doesn't. Let me give you the numbers.

    2000 -1.32
    2001 0.80
    2002 2.02
    2003 3.68
    2004 2.81
    2005 2.66
    2006 0.36
    2007 -1.07
    2008 -5.34
    2009 1.04
    2010 0.78
    2011 1.23
    2012 1.88
    2013 2.07
    2014 2.71
    2015 3.13
    2016 2.88

    The ones in bold are projections, and the only time we saw similar growth was during the housing/financial bubble. Expecting similar growth to the bubble period with no stagnation periods is ridiculous.
    Last edited by Camlon; 01-11-13 at 04:24 AM.

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by Camlon View Post
    No, it fricking doesn't. Let me give you the numbers.

    -1.31
    0.807
    2.02
    3.68
    2.81
    2.66
    0.36
    -1.07
    -5.34
    1.03
    0.78
    1.23
    1.87
    2.07
    2.71
    3.13
    2.88


    The ones in bold are projections, and the only time we saw similar growth was during the housing/financial bubble. Expecting similar growth to the bubble period with no stagnation periods is ridiculous.
    Please give evidence that "the only time we saw similar growth was during the housing/financial bubble".
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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by Dezaad View Post
    Please give evidence that "the only time we saw similar growth was during the housing/financial bubble".
    You can find the evidence in your quote.

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by Camlon View Post
    You can find the evidence in your quote.
    Oh for god's sake, how incredibly ignorant. You would have to have given many more years to try and claim that the only time such growth had occurred was during the bubble.
    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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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by Dezaad View Post
    Oh for god's sake, how incredibly ignorant. You would have to have given many more years to try and claim that the only time such growth had occurred was during the bubble.
    I was talking about the graph. The graph only goes to 2000.

    Before 2000 is not interesting as US was in a completely different situation. Would you predict Japan to have high growth now, because they had high growth in the 80s?

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    Re: Jerry Brown: California's deficit is gone

    Whether Brown's claim ends up being correct or not, it was a safe political move on his part to make that proclamation, because him being a democrat means he can't lose.

    If he ends up being right, the media will mention it as often as possible and along with every democrat in the country, will use it as a weapon to attack republican economic policies... If Brown is wrong and California ends up running a deficit, even if it's the largest in the states history, it won't hurt him one bit politically. You see, if that happens the media will do everything in their power to ignore the entire issue (like they have with all the democrat run states that have been on the brink of financial ruin the last several years) and pretend Brown never made such a statement. You know, kind of like all the economic claims made by Obama that didn't pan out, that the media did their best during the campaign to avoid discussing.

    That was a smart move politically on the Governor's part.

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by Camlon View Post
    I was talking about the graph. The graph only goes to 2000.

    Before 2000 is not interesting as US was in a completely different situation. Would you predict Japan to have high growth now, because they had high growth in the 80s?
    So, it wasn't "the only time" they had the high rate of growth. Noted.
    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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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by iguanaman View Post
    I'm tired of being "fair". I prefer to be accurate.



    $12 Trillion Calc
    Zfacts? Really? Pathetic. Looks like a toddler scribbled wishful thinking on a graph with crayons.

    Clinton robbed 2.1T from Social Security to pay off "Public Debt" and left it with a bunch of IOUs. He didn't pay down debt from WW2. He added to the National Debt during the 8 years of his presidency.

    Clinton Angers Friend and Foe In Tax Remark - NYTimes.com

    Probably there are people in this room still mad at me at that budget because you think I raised your taxes too much. It might surprise you to know that I think I raised them too much, too. - Bill Clinton
    Obama added more than 5 trillion in new debt within 4 years. Seriously this thread is laughable. All Jerry Brown has done has submitted a budget based on projections. CA is still billions and billions in debt. CA has untold billions in unfunded pensions. Cities are going bankrupt. People are leaving the state in droves.

    California's $500-billion pension time bomb - Los Angeles Times

    CA has more people on welfare than who pay taxes

    Do You Live In A Death Spiral State? - Forbes

    Jerry Brown "it's all a lie... I didn't have a plan for California" - YouTube

    State of California Debt Clock

    When this fantasy actually becomes a reality let me know. As of now it's wishful thinking on the backs of numerous accounting gimmicks.

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    Re: Jerry Brown: California's deficit is gone

    Ask moonbeam; they budgeted for a huge tax windfall from facebook stock sales last year - FAIL.


    Quote Originally Posted by Whipsnade View Post
    WTF has facebook shares got to do with a CA budget?

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