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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
    It must suck to be a conservative and see one of the states that your hero’s/provider of your favorite Kool-Aid make a comeback, especially when said state happens to be the eighth largest economy in the world.Eat your heart out.Jerry did it with spending cuts and a raise of taxes.Kinda like BO is going to do it and the National republican might as well change the name to the Whig party.
    Admittedly, I'm a Jerry Brown fan, but it is Jerry and the Legislature that accommplished this feat, working together. No obstructionism. could there be a lesson here?

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by DaveFagan View Post
    Admittedly, I'm a Jerry Brown fan, but it is Jerry and the Legislature that accommplished this feat, working together. No obstructionism. could there be a lesson here?
    Yes, and a lesson here too:

    CA budget: big cuts to welfare, kids' health care - SFGate
    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure" - 2006 Senator Obama...leadership failure indeed!

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by Whipsnade View Post
    Wyatt Buchanan

    Updated 12:04 pm, Thursday, January 10, 2013


    Looks like the Golden States showing us the way doesn't it?




    <For the first time in five years, California is not facing a deficit as Gov. Jerry Brown and lawmakers work to put together a spending plan for the next fiscal year.Brown released his budget Thursday morning for the 2013-2014 fiscal year, proposing a $97.7 billion plan that is 5 percent higher than the current year's spending.>


    <The budget represents a massive change for California's finances, which at their worst in February 2009 faced a $42 billion deficit. That resulted in emergency action on the budget as the state treasurer was unable to sell short term bonds, construction projects came to a halt and the controller was forced to send out IOUs instead of tax return checks.>


    Read more: Jerry Brown: California's deficit is gone - SFGate

    Is this what they call "freestyle accounting"?
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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by Dickieboy View Post
    That is a very good article. The details are there. I don't understand why the Republicans in California didn't support that. It appeared bi-partisan in content to me. California has a huge influx of migrant farm workers and if a drought or weather related incident stunts crops, then Cali gets more welfare bills. It's a real juggling act. It would appear that the state is attacking the issues head on. Thinking and working. What the hell do they do in the Nation's sewer? That would be Washington, D. C.

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by Dwight View Post
    Wait, Washington is a ‘conservative’ state??? Ok, maybe compared to CA in a relative sort of way.
    Here is a link to why I called Washington a conservative state.
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    Re: Jerry Brown: California's deficit is gone

    Maybe I'm missing something, but where are the revenues coming from?

    I mean...it's one thing to crow on about cuts in "future" spending, but most of the article is about spending money.

    Look...if I've got a credit card that has $10,000 on it, and I promise to stop using it, that doesn't make the initial $10,000 go away. Where is the revenue coming from? Facebook alone can't fix it.

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    Re: Jerry Brown: California's deficit is gone

    Well played, sir!

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by Velvet Elvis View Post
    Maybe I'm missing something, but where are the revenues coming from?

    I mean...it's one thing to crow on about cuts in "future" spending, but most of the article is about spending money.

    Look...if I've got a credit card that has $10,000 on it, and I promise to stop using it, that doesn't make the initial $10,000 go away. Where is the revenue coming from? Facebook alone can't fix it.
    Same place a lot of the Federal revenue is going to return from, the smoking hole that the 2008 recession left. CA was hit pretty hard because of its particular mix of economy, in relation to how this recession happened, but a lot of it will recover because the economy was not running as much on house construction bubble as places like FL and AZ.

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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by Velvet Elvis View Post
    Maybe I'm missing something, but where are the revenues coming from?

    I mean...it's one thing to crow on about cuts in "future" spending, but most of the article is about spending money.

    Look...if I've got a credit card that has $10,000 on it, and I promise to stop using it, that doesn't make the initial $10,000 go away. Where is the revenue coming from? Facebook alone can't fix it.
    Umm, it's a budget

    Like every other budget in the world, it's based on projections of revenue and expenses.

    Some people here talk about the projections included in budgets as if there were such a thing as a budget that didn't rely on projections.
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    Re: Jerry Brown: California's deficit is gone

    Quote Originally Posted by Whipsnade View Post
    It must suck to be a conservative and see one of the states that your hero’s/provider of your favorite Kool-Aid make a comeback, especially when said state happens to be the eighth largest economy in the world.Eat your heart out.Jerry did it with spending cuts and a raise of taxes.Kinda like BO is going to do it and the National republican might as well change the name to the Whig party.
    How has CA made a comeback? This is hilarious. You have more faith in Jerry Brown than Morpheus had in Neo.

    He has proposed a budget based upon a multitude of assumptions, accounting gimmicks, and offsets, meaning he's not counting the inconvenient facts such as 500B in unfunded pension liabilities, existing massive debt, cities going bankrupt, and massive waste/fraud/abuse being committed in the Entitlement System.

    It's always the same with you Religious Fanatics that believe in Government like a God. A liberal politician makes a declaration/proclamation and you believe it, regardless of past failure. Nearly 25% of the population of the state lives in poverty. Each resident of the state represents about 10K in outstanding debt. About 1/3 of CA residents are on welfare. It has the highest sales tax and income tax in the entire country and was voted the worst state to do business in by Chief Executive Magazine

    Another Triumph for Texas: Best/Worst States for Business 2012 | ChiefExecutive.net | Chief Executive Magazine

    In Chief Executive’s eighth annual survey of CEO opinion of Best and Worst States in which to do business, Texas easily clinched the No. 1 rank, the eighth successive time it has done so. California earns the dubious honor of being ranked dead last for the eighth consecutive year.

    This year, 650 business leaders responded to our annual survey, up from 550 in 2011. CEOs were asked to grade states in which they do business among a variety of areas, including tax and regulation, quality of workforce and living environment. The Lone Star State was given high marks foremost for its business-friendly tax and regulatory environment. But its workforce quality, second only to Utah’s, is also highly regarded.
    When Moonbeam pays down the debt and finds a way to cover all those unfunded liabilities let me know. Right now you're propping up a fairy tale and drinking some seriously strong kool-aid. The problem is Brown spiked the punch.

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