View Poll Results: What Happens Next?

Voters
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  • Election Results are Challenged in Court and the Will of the Voters is Overturned.

    2 6.45%
  • The Messiah Farts Out a "Miracle" and Unlimited Federal Money Flows to Sacramento

    6 19.35%
  • The Same People Get Re-Elected, Again.

    11 35.48%
  • Whatever Happens, The Taxpayer Gets Screwed

    24 77.42%
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Thread: What Happens to California Now?

  1. #11
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    Re: What Happens to California Now?

    Quote Originally Posted by Ethereal View Post
    They'll get bailed out.

    Prediction: The Federal government will become insolvent, the world will reject our currency and refuse to further finance out debt, systemic collapse. All because we couldn't let inefficient models of business and government fail. Allow creative destruction to take place and we will be out of this mess in less than two years.

    A state government can become insolvent.

    The federal government cannot.

    The feds own the money printing presses.

  2. #12
    Student Goldwaters's Avatar
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    Re: What Happens to California Now?

    Quote Originally Posted by TOJ View Post
    Are you a SouthernDem sock puppet?
    You mean Dixiepublicans?, no, I'm just someone who lives in a state that was a star player on team America for sixty years. Then we hit a slump and all the bench players are whining.

  3. #13
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    Re: What Happens to California Now?

    Quote Originally Posted by Goldwaters View Post
    You mean Dixiepublicans?, no, I'm just someone who lives in a state that was a star player on team America for sixty years. Then we hit a slump and all the bench players are whining.
    I was referring to SouthernDemocrat, a DP member. About 90% of his posts sound like the one you just made.

    You do know what sock puppet means, doncha?

    .

  4. #14
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    Re: What Happens to California Now?

    Quote Originally Posted by Scarecrow Akhbar View Post
    A state government can become insolvent.

    The federal government cannot.

    The feds own the money printing presses.
    I recommend investing in a wheel barrow manufacturer. Everyone will need one to take enough money to the grocery store to buy a days worth of vittles.

    .

  5. #15
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    Re: What Happens to California Now?

    Quote Originally Posted by Scarecrow Akhbar View Post
    A state government can become insolvent.

    The federal government cannot.

    The feds own the money printing presses.
    Tell that to Argentina, Iceland, Hungary, and Pakistan. Nations can and do go bankrupt. I think that bailing out California has the potential to seriously damage the credit rating of the United States (depending on how much cash they actually need, which I don't think has been determined yet). It should be avoided, unless it would result in an Uber-Lehman cascade where all of the banks who have California debt collapse as well.

    Californians just voted not to raise their own taxes to prevent their impending bankruptcy...it would hardly be fair to expect the other 49 states to do so. I'd rather let California reap what it sows, if at all possible.
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  6. #16
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    Re: What Happens to California Now?

    Quote Originally Posted by Scarecrow Akhbar View Post
    A state government can become insolvent.

    The federal government cannot.

    The feds own the money printing presses.
    What happens if other countries refuse to finance our debt? What happens if the world rejects the dollar? How solvent will the Feds be with their Monopoly money printing presses?

  7. #17
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    Re: What Happens to California Now?

    I was re-reading the best comic strip ever a few days ago, and I came across this. Kinda reminds me of GM and Chrysler, but it could also apply to California:

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  8. #18
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    Re: What Happens to California Now?

    What would you budget cutters take out of the budget, specifically, to balance the budget without raising taxes? I would like to see someone show me how to balance the budget, with the actual numbers, without a tax raise.
    The Makeout Hobo is real, and does indeed travel around the country in his van and make out with ladies... If you meet the Makeout Hobo, it is customary to greet him with a shot of whiskey and a high five (if you are a dude) or passionate makeouts (if you are a lady).

  9. #19
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    Re: What Happens to California Now?

    Quote Originally Posted by the makeout hobo View Post
    What would you budget cutters take out of the budget, specifically, to balance the budget without raising taxes? I would like to see someone show me how to balance the budget, with the actual numbers, without a tax raise.
    I'm no expert on California politics, since I've never lived there. But Schwarzenegger's proposed cuts seem reasonable to me. They won't close the gap by themselves, but they're a good start. According to Wikipedia:

    The last $16.5 billion is to be derived from spending cuts:

    * $5.2 billion cut to K-12 education and community colleges
    * $1.7 billion by furloughing state employees 2 days a month until June 30, 2010
    * $1.4 billion by reducing monthly grants to federal minimum for low-income aged, blind and disabled on Supplemental Security Income / State Supplemental Program and eliminating payments to recent immigrants
    * $1.1 billion from CalWORKS welfare programs
    * $788 million to the Department of Corrections and Rehibilitation by eliminating parole supervisions for all but those who have committed serious, violent or sexual crimes and reducing the medical budget by 10%
    * $742 million to Medi-Cal by eliminating certain treatments
    * $692 million by cutting UC and CSU budgets by 10%
    * $459 million by eliminating general purpose grants to local transit agencies
    * $473 million by reducing state payments for In-Home Supportive Services health workers
    * $422.8 million to the Department of Developmental Services
    * $275 million by eliminating the state First Five Commission
    * $226 million by diverting money set aside in Prop 63 for mental health services
    * $163.4 million by continuing through June 2010 "one-time" cuts in current budgets for state couts
    * $150 million by eliminting or consolidating varitey of state entities including Integrated Waste Management Board and the California Conservation Corps
    * $87 million by making various changes to the Cal Grant program including elimination of new grants awarded on the basis of competition
    * $43.2 million by cutting Legislature's budget 10% and eliminating cost-of-living increase
    * $37.8 million by eliminating food stamps for legal immigrants not eligible for federal assistance.


    Budget cuts suck, but sometimes they're necessary.
    Last edited by Kandahar; 05-20-09 at 07:18 PM.
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  10. #20
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    Re: What Happens to California Now?

    Quote Originally Posted by TOJ View Post
    I was referring to SouthernDemocrat, a DP member. About 90% of his posts sound like the one you just made.

    You do know what sock puppet means, doncha?

    .
    You mean like:

    [ame="http://www.youtube.com/watch?v=4EAPqfGneI8"]YouTube - Sifl&Olly - Letters to Chester - Gravity[/ame]


    This SouthernDemocrat must be a genuius.

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