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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 Whipsnade View Post
    ["]Jerry Brown: California's deficit is gone - SFGate[/]
    Brown has been a helluva governor (unlike that boob Schwarzenegger who left the biggest state deficit in US history). The man is a consummate politician who fixed a huge problem. That's why conservatives hate him. Nice thing is, conservatives are almost extinct in California!

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by Fenton View Post
    Are you starting a thread about a balanced budget that doesn't exist ?

    And yes Cali's nice, too bad you guys ruined it.
    NOPE.just pointing out that California's chronic budget crisis is now in the rearview mirror, the sun is shining,metaphorically speaking, happy days are on the horizon.Now if we can keep the republicans outta Sacramento were in... using a Texas term.HIGH COTTON.
    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 sangha View Post
    Yes. I'm sure the state workers were very honest about how the Fed bailed
    them out and how TX debt doubled
    Bailed them out with what ? A failed Stimulus that went out to Public Sector Unions and workers instead of the private sector ?

    The one Obama lied about..."shovel ready...right.

    Democrat policies like that made California the plague state that it is.

    So another Liberal "victory" huh ? It's make believe but its the only victories you have.

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by Whipsnade View Post
    NOPE.just pointing out that California's chronic budget crisis is now in the rearview mirror, the sun is shining,metaphorically speaking, happy days are on the horizon.Now if we can keep the republicans outta Sacramento were in... using a Texas term.HIGH COTTON.
    Given that California has the largest GDP of any state, by far (making it the 10th or 11th largest economy on the planet), as economic growth renews, tax revenues will skyrocket, as has always happen.

    The rightwing noise machine will have to go back to complaining about Roseanne and Hollywood.

    Meanwhile, the Republican party is all but extinct in California, which means they can't stand in the way of its recovery (unlike Tea Party Occupied Congress)

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by head of joaquin View Post
    Brown has been a helluva governor (unlike that boob Schwarzenegger who left the biggest state deficit in US history). The man is a consummate politician who fixed a huge problem. That's why conservatives hate him. Nice thing is, conservatives are almost extinct in California!

    The guvanater followed in the gippers footsteps. Check out as a percent of GDP what kinda wreck the gippers reign as gov wrought.
    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 Fenton View Post
    Bailed them out with what ? A failed Stimulus that went out to Public Sector Unions and workers instead of the private sector ?

    The one Obama lied about..."shovel ready...right.

    Democrat policies like that made California the plague state that it is.

    So another Liberal "victory" huh ? It's make believe but its the only victories you have.
    The dishonesty of your posts is demonstrated by your own posts.

    When TX projects a balanced budget for 2013, you want to break out the bubbly

    But when CA does the same, it's
    Quote Originally Posted by Fenton View Post
    Wait, your'e proclaiming a balanced budget NOW ??

    HAHAHAHAHAJAJAjaja....oops, that was so funny I slipped into German.
    And your dishonesty continues with your denial tha TX took billions from the Fed
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    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 head of joaquin View Post
    Brown has been a helluva governor (unlike that boob Schwarzenegger who left the biggest state deficit in US history). The man is a consummate politician who fixed a huge problem. That's why conservatives hate him. Nice thing is, conservatives are almost extinct in California!
    While the huge problem that is the state budget deficit is far from "solved", at least, not yet and not without some really creative bookkeeping, Brown did do one thing that I didn't think was possible: He convinced the voters to raise taxes to try to balance the budget. I find that to be quite an accomplishment, and he did it without any help from me whatsoever.

    As for his political position, it really isn't much different from that of his predecessor. Both of them say that California has a spending problem, which, of course, is correct. I think maybe both of them are trying/tried to address that problem, which again would be a major miracle given the makeup of the state assembly.

    California is a big state with a diverse economy. It will be OK eventually, despite the people we keep sending to Sacramento.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by head of joaquin View Post
    Given that California has the largest GDP of any state, by far (making it the 10th or 11th largest economy on the planet), as economic growth renews, tax revenues will skyrocket, as has always happen.

    The rightwing noise machine will have to go back to complaining about Roseanne and Hollywood.

    Meanwhile, the Republican party is all but extinct in California, which means they can't stand in the way of its recovery (unlike Tea Party Occupied Congress)
    California would benefit greatly if they followed North Dakota's example of having a state bank. North Dakota has had a state bank since 1919. It's stabilized their economy because it doesn't jack with their money on wallstreet unlike the big corporate banks.

    Just imagine having a California State Bank where the interests accumulated, (in that economy that is the 10th largest in the world), goes into the state's general fund. Then take the money made on interests and use it to offset some of the income tax in the state... the lower tax rate on income would spur an increase in spending which would have sales tax revenue increase. That would be awesome.
    Last edited by poweRob; 01-11-13 at 09:02 PM.
    Quote Originally Posted by Moderate Right View Post
    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 Dittohead not! View Post
    While the huge problem that is the state budget deficit is far from "solved", at least, not yet and not without some really creative bookkeeping, Brown did do one thing that I didn't think was possible: He convinced the voters to raise taxes to try to balance the budget. I find that to be quite an accomplishment, and he did it without any help from me whatsoever.

    As for his political position, it really isn't much different from that of his predecessor. Both of them say that California has a spending problem, which, of course, is correct. I think maybe both of them are trying/tried to address that problem, which again would be a major miracle given the makeup of the state assembly.

    California is a big state with a diverse economy. It will be OK eventually, despite the people we keep sending to Sacramento.
    First, the people of California were willing to raise their own taxes under Brown because they trusted him; when Ahnold tried that, they rejected the increase. Because he was more or less a joke.

    Second, Brown made cuts that he had to, but tried to limit the affect on schools, the poor, and higher education. Ahnold didn't give a damn.

    Third, Brown supports unions and his track record on that is clear. So when he asked for public sector union concessions, they agreed, because he consulted them and worked with them -- unlike Ahnold, or Wisconsin's Walker for that matter.

    Fourth, Brown ontinues to support education and working people, so that as soon as the crisis lessened, he's proposed increases in budgets that help both -- and that's where the future is. Ahnold would have just kept cutting until California looked like Alabama.

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by poweRob View Post
    California would benefit greatly if they followed North Dakota's example of having a state bank. North Dakota has had a state bank since 1919. It's stabilized their economy because it doesn't jack with their money on wallstreet unlike the big corporate banks.

    Just imagine having a California State Bank where the interests accumulated, (in that economy that is the 10th largest in the world), goes into the state's general fund. Then take the money made on interests and use it to offset some of the income tax in the state... and spending would go up and sales tax revenue would increase. That would be awesome.
    I'm sure that's true. We also need to modify Prop 13 to exclude commercial property (owned by high net worth people or entities). Prop 13 was sold by the Jarvis ideologues as a protection for poor widows, but in fact it was a tax giveaway to some of the biggest corporations in the world holding some of the most valuable real estate on the planet.

    Economists have calculated that it resulted in a transfer of about $40B from taxpayers to large corporations over the last 30 years or so

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