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Thread: Big taxes + big spending cuts = California budget surplus

  1. #21
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    Re: Big taxes + big spending cuts = California budget surplus

    Quote Originally Posted by head of joaquin View Post
    Pssst: California has the largest manufacturing base in the nation. Indeed, Southern California does, all by itself!

    Southern California has the largest manufacturing economy | Our Weekly - African American News | Black News | Black Entertainment | Black America

    Jeez, it's like taking oxycontin from a comatose Limbaugh.



    So although the base has been cut substantially, it's still super big, so all is well...

    I didn't think it would be so easy to prove how ill suited Progressives were to govern and understand simple concepts. The fact is liberal/progressive regulatory and tax initiatives have caused 30% of the manufacturing jobs in California to be lost over the last 20 years.

    That's called screwing the middle class, which doesn't hold to the "we care" narrative now, does it?


    California losing manufacturing jobs faster than rest of U.S.

    California is losing a battle with other states to retain and attract manufacturing jobs, and the cost of doing business is largely to blame, according to a report released today by the Milken Institute.

    Manufacturing 2.0: A More Prosperous California found that California had 21 percent fewer manufacturing jobs in 2007 than in 2000, compared with a decline of 20 percent nationally and 13 percent among seven states that are competing for the same types of manufacturing jobs.

  2. #22
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    Re: Big taxes + big spending cuts = California budget surplus

    Quote Originally Posted by head of joaquin View Post
    California has a $2.4B surplus. I guess conservatives are going to have to move on to a new discredited talking point.

    Big taxes and big spending cuts give California a budget surplus - Feb. 7, 2013
    -- Really??

    California has an unfunded $100 Billion public pension shortfall. Wanna' run that one by us again?
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

  3. #23
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    Re: Big taxes + big spending cuts = California budget surplus

    Quote Originally Posted by ocean515 View Post


    But Prop. 30's passage is coming at a huge cost now that California has the highest income tax rates and highest sales tax in America. Specifically, that damage is inflicted on our potential for economic growth. Indeed, it now appears that the exodus already underway by skilled workers, higher income earners and educated students out of California is accelerating.
    That right there. ^^^

    Several high-tech industry (read: High dollar) friends are coming back home to the East Coast to preserve a little more of what they make.

    California is pushing their revenue sources right out the door!
    Building block or stumbling block.... choose.

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    Re: Big taxes + big spending cuts = California budget surplus

    Quote Originally Posted by GottaGo View Post
    That right there. ^^^

    Several high-tech industry (read: High dollar) friends are coming back home to the East Coast to preserve a little more of what they make.

    California is pushing their revenue sources right out the door!

    Calfornia is proving that the philosophy of banking on the rich to pay for everything is a fools errand. The only way for it to work is to make sure they stay rich and get richer - two things liberal/progressives completely oppose.

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    Re: Big taxes + big spending cuts = California budget surplus

    Quote Originally Posted by head of joaquin View Post
    California has a $2.4B surplus. I guess conservatives are going to have to move on to a new discredited talking point.

    Big taxes and big spending cuts give California a budget surplus - Feb. 7, 2013
    You mean the liberals ACTUALLY cut spending?

  6. #26
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    Re: Big taxes + big spending cuts = California budget surplus

    Quote Originally Posted by GottaGo View Post
    That right there. ^^^

    Several high-tech industry (read: High dollar) friends are coming back home to the East Coast to preserve a little more of what they make.

    California is pushing their revenue sources right out the door!
    Exactly. Intel is a great example. They keep their main offices there in California, but gradually over the years they've moved manufacturing to other states that are more business friendly and have the water and workers. It's funny because CA state will count Intel as one of it's business successes even though the manufacturing portion of the business (the big nut) has all but left the state.

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    Re: Big taxes + big spending cuts = California budget surplus

    Quote Originally Posted by head of joaquin View Post
    Fortunately for California, it's an economic powerhouse where even limited economic growth produces huge revenues.

    Unlike, say, Alabama, and other desperate red states mired in austerity and conserative delusions.
    California has a higher poverty level then Alabama as well.

    http://www.census.gov/prod/2012pubs/p60-244.pdf

    Can I get a hell yeah?

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    Re: Big taxes + big spending cuts = California budget surplus

    Quote Originally Posted by ocean515 View Post
    Calfornia is proving that the philosophy of banking on the rich to pay for everything is a fools errand. The only way for it to work is to make sure they stay rich and get richer - two things liberal/progressives completely oppose.
    Good afternoon, Ocean.

    It seems that "cognitive dissonance" should be considered here, since simultaneously holding two opposing beliefs seems unusual. Nothing else makes sense to most people....

  9. #29
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    Re: Big taxes + big spending cuts = California budget surplus

    Quote Originally Posted by polgara View Post
    Good afternoon, Ocean.

    It seems that "cognitive dissonance" should be considered here, since simultaneously holding two opposing beliefs seems unusual. Nothing else makes sense to most people....


    Good morning/noon to you Polgara.

    It's quite interesting to watch the national narrative that seeks to "stick it" to the "rich" while witnessing the failure of that approach over the last 15 years here at home in California.

    As it is, I think your conclusion is spot on.

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    Re: Big taxes + big spending cuts = California budget surplus

    Quote Originally Posted by head of joaquin View Post
    The anti-California meme is de rigueur for the modern Tea partier.

    I love how it's so wonderfully counterfactual.

    What state has a $2B budget surplus, not to mention is the largest economy in the US?

    Come on, you can say it!


    And here we see the Progressive HOJ in his natural habitat, arguing that state projections are more real than reality.

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