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Thread: California goes broke, halts $3.5 billion in payments

  1. #21
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    Re: California goes broke, halts $3.5 billion in payments

    Can we sell San Francisco to the highest bidder? CA could make a lot of money off the sale.
    Welfare (Food Stamps, WIC, etc...) are not entitlements. They are taxpayer funded handouts and shouldn't be called entitlements at all. Social Security and Veteran's benefits are 'Entitlements' because the people receiving them are entitled to them. They were earned and paid for by the recipients.

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    Re: California goes broke, halts $3.5 billion in payments

    Quote Originally Posted by P/N View Post
    Can we sell San Francisco to the highest bidder? CA could make a lot of money off the sale.

    Too bad nobody wants it!

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    Re: California goes broke, halts $3.5 billion in payments

    Quote Originally Posted by americanwoman View Post
    Too bad nobody wants it!
    Oh man I would buy it.

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    Re: California goes broke, halts $3.5 billion in payments

    California is short by $3 billion? That number sounds familiar...

    California gives go-ahead to stem-cell research - Cloning and stem cells- msnbc.com

    califail
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    Re: California goes broke, halts $3.5 billion in payments

    Quote Originally Posted by RightinNYC View Post
    California is short by $3 billion? That number sounds familiar...

    California gives go-ahead to stem-cell research - Cloning and stem cells- msnbc.com

    califail
    Yeah but that's 3 billion over the next decade. Right now California is short by 3 billion for this year.

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    Re: California goes broke, halts $3.5 billion in payments

    Quote Originally Posted by jallman View Post
    Yeah but that's 3 billion over the next decade. Right now California is short by 3 billion for this year.
    They couuuuuuuuld only be short by 1.5 billion though.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: California goes broke, halts $3.5 billion in payments

    Might we actually be seeing the end of the Budget Deficit Era? Are organizations finding out that, as any competent third grader can tell you, you can't actually spend more money than you make ad infinitum

    One of these days the feds just might learn this lesson too

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    Re: California goes broke, halts $3.5 billion in payments

    Quote Originally Posted by Kernel Sanders View Post
    Might we actually be seeing the end of the Budget Deficit Era? Are organizations finding out that, as any competent third grader can tell you, you can't actually spend more money than you make ad infinitum

    One of these days the feds just might learn this lesson too
    In truth, deficit spending is not the enemy; spending the money in a deficit in the belief that it will lead to economic recovery is.

    In times of emergency, there will always be the risk of a deficit. But it should only be temporary. Governments base their spending projections on revenue projections. No one is perfect in that endeavor.

    Where we get into deep trouble is when we use political rhetoric and scare tactics to advance an agenda and willingly spend ourselves into a deep hole.

    I can't imagine how anyone can support the notion that by spending money the Government doesn't have, this will spur economic growth. It is equally stunning to me when the same people promoting this nonsense think that taxing Capital Gains and Corporations will increase employment and new product development.

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    Re: California goes broke, halts $3.5 billion in payments

    Because liberals think that crippled pinhead FDR was the greatest man that ever lived, because he made the government huge, and gave half of Europe to the Russians.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: California goes broke, halts $3.5 billion in payments

    Quote Originally Posted by American View Post
    Because liberals think that crippled pinhead FDR was the greatest man that ever lived, because he made the government huge, and gave half of Europe to the Russians.
    There's a lot of truth in your statements.

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