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

  1. #31
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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.

    It's like bragging that you have the tallest ship... when it's under water.

  2. #32
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    Re: Big taxes + big spending cuts = California budget surplus

    Quote Originally Posted by Taylor View Post
    Not according to your article:
    I hope you understand what you are saying (me thinks otherwise?)....

    If California projects collections of $95.4 billion and spends $93 billion for a specific fiscal year, that is a budget surplus of $2.4B. The fact that the surplus is big enough to payoff the previous year's deficit is a huge plus.... that would be paying down the debt.


    Quote Originally Posted by joko104 View Post
    The article is delusional. You got nothing.


    All of the state's budget figures and forecasts for the year are still guesswork
    . California will have a better idea of exactly how much revenue it will collect this year -- and whether it will still have a surplus -- when it issues its revised forecast in May.

    .... that is why its called a budget. If it were telling us what actually happened, they would be called financial statements.
    Last edited by upsideguy; 03-17-13 at 01:12 AM.

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