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Jerry Brown: California's deficit is gone

Eighty Deuce said:
California has $500 Billion in unfunded liabilities. California wil be losing Congressional representation in the next census, as businesses and people are leaving that cesspool. CA gained no seats this past census for the first time in decades. CA has the highest percentage of welfare moochers in all the land.

But Jerry Brown projects a "surplus" in the future. An all the libtards cheer. Not unlike Obama projecting only a $600B deficit in 2013, and unemployment under 6% ......:roll:

Is that a "Hip. Hip. Hooray" in liberal fantasyland too ?
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A lot of them are going to conservative states.

Like Washington.

That's where the jobs are.
 
Fenton said:
You people havn't even stolen the car
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Yes, the Democrat haven't stolen the car. We don't need to; its called democracy. We also don't need to suppress voters of the opposite party, or spy on our opponents using government funds. Heck, when Republican did that, they still failed.

Fenton said:
and put it in gear yet let alone peeked into the rear view mirror.
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I really don't know what alternative dimension you live in, but the Democratic Party has, historically, been around for longer than the Republican Party. The modern Democratic Party has been around since FDR, still longer than the modern GOP. You guys have been around since Reagan.

Fenton said:
Yea, the best you can do when talking about the Success of your State is to speak metaphorically and in pretense of your hopeful outcome.
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The thing I don't understand, I've never seen anyone bitch about budget projections when its from a company like Samsung or Morgan Stanley. Heck, I'd say they're even more likely to use sneaky accounting methods. Their necks are especially on the line.

Fenton said:
California's run by idiot liberals, who have put public sector over private sector and who will eventually suffer the consequences of their stupidity.
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You're presuming to know what a great deal of people are thinking. That's the height of arrogance. If you were actually that smart, or even close to that smart, you wouldn't be whining about how you think the world should work on the internet.

Fenton said:
There is no way out of it because your ideology doesn't work. We're experiencing it on a national level.
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Well, since according to you, we've never even been in the front seat of the car, the only people who could have led us down this path is the GOP.

Fenton said:
Failure of the democrat agenda.
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I'm curious, do you even know what the agenda is?
 
Dittohead not! said:
A lot of them are going to conservative states.

Like Washington.

That's where the jobs are.
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Wait, Washington is a ‘conservative’ state??? Ok, maybe compared to CA in a relative sort of way.
 
Other than noting that California has made marked progress in combating its near-term deficits with its tough austerity plan, one still has to be careful. Revenues can still diverge materially based on economic peformance. Progress has been achieved, but hard work remains.

In the medium- and longer-term, California's big challenge will involve reducing its health- and pension-related liabilities. Currently, California has an enormous unfunded actuarial liability in those areas.
 
Whipsnade said:
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. :2wave:
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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?
 
Whipsnade said:
Wyatt Buchanan

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


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

628x471.jpg



<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
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Is this what they call "freestyle accounting"?
 
Dickieboy said:
Yes, and a lesson here too:

CA budget: big cuts to welfare, kids' health care - SFGate
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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.
 
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.
 
Velvet Elvis said:
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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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.
 
Velvet Elvis said:
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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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.
 
Whipsnade said:
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. :2wave:
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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.
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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.
 
Whipsnade said:
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. :2wave:
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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.
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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.

sangha said:
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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Really?

How have those Obama "budgets" turned out genius?
 
Bronson said:
He has proposed a budget based upon a multitude of assumptions, accounting gimmicks, and offsets
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Statements like this make me crack up over the obvious ignorance many people have about budgets. The statements show that the person doesn't even have the most basic understanding of what a budget is

If they had that understanding, they'd know that a budget is nothing but a set of assumptions AKA projections. Criticizing a budget because it has assumptions is like criticizing a bird because it flies
 
head of joaquin said:
Brown has been a helluva governor (unlike that boob Schwarzenegger who left the biggest state deficit in US history). The man is a consummate politician who fixed a huge problem. That's why conservatives hate him. Nice thing is, conservatives are almost extinct in California!
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If you truly think that, and it's not just the party cheerleader speaking, then you've never been to any of the rural areas of California (yes, they still exist).
 
QUOTE Bronson

How has CA made a comeback? This is hilarious. You have more faith in Jerry Brown than Morpheus had in Neo.
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Are you saying that the PROPOSED BUDGET(and any budget is proposed) isn't the first time, since the 1990's that the state could propose a budget and see a surplus instead of massive deficits?
 
clownboy said:
If you truly think that, and it's not just the party cheerleader speaking, then you've never been to any of the rural areas of California (yes, they still exist).
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They're getting squeezed out. I know, I'm from the Central Valley. There are a few republican strongholds, but they're small and getting smaller. They're already so small, their influence on Sacramento is heavily diminished. The Democrats completely control the legislature, and of course Brown is the Governor. It's not getting any better for the Republicans in the future.
 
repeter said:
They're getting squeezed out. I know, I'm from the Central Valley. There are a few republican strongholds, but they're small and getting smaller. They're already so small, their influence on Sacramento is heavily diminished. The Democrats completely control the legislature, and of course Brown is the Governor. It's not getting any better for the Republicans in the future.
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Well, I admit, so many I've known in the state no longer call themselves republicans. Heck I changed my party affiliation years ago. They're now all independents or libertarians, but they're still conservative, and they won't leave the state. The old neighborhoods, the suburbs of Sacto, you'll find quite a few conservatiives hiding there. They're disgusted with what's happening to the state, but they won't leave.
 
sangha said:
Every state has it's pockets of poverty

Every single one of them
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and California has areas that compare with Appalachia. It has little farming communities where the unemployment rate approaches 50% in the off season. It's not all Malibu and Santa Barbara.

When I graduated from Chico State College (now CSU Chico) with an MA in 1973, there was no tuition. I paid a flat fee of $50 for the year, that was it. State sales tax was 5%. State income taxes were not withheld, as the amount didn't justify it. The school system was the best in the nation, and its teachers among the highest paid. California had no trouble balancing its budget then.

What happened to this state, I keep asking myself. It still has a vibrant economy, still is the fruit basket of the country, still has its share of millionaires.

I think a lot of the causes of the problems reside in Sacramento. What do you think?
 
Dittohead not! said:
and California has areas that compare with Appalachia. It has little farming communities where the unemployment rate approaches 50% in the off season. It's not all Malibu and Santa Barbara.

When I graduated from Chico State College (now CSU Chico) with an MA in 1973, there was no tuition. I paid a flat fee of $50 for the year, that was it. State sales tax was 5%. State income taxes were not withheld, as the amount didn't justify it. The school system was the best in the nation, and its teachers among the highest paid. California had no trouble balancing its budget then.

What happened to this state, I keep asking myself. It still has a vibrant economy, still is the fruit basket of the country, still has its share of millionaires.

I think a lot of the causes of the problems reside in Sacramento. What do you think?
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And so does TX, AL, and on and on.. Every state does.

And of course politics has a lot to do with poverty. That's true of every state
 
Dittohead not! said:
and California has areas that compare with Appalachia. It has little farming communities where the unemployment rate approaches 50% in the off season. It's not all Malibu and Santa Barbara.

When I graduated from Chico State College (now CSU Chico) with an MA in 1973, there was no tuition. I paid a flat fee of $50 for the year, that was it. State sales tax was 5%. State income taxes were not withheld, as the amount didn't justify it. The school system was the best in the nation, and its teachers among the highest paid. California had no trouble balancing its budget then.

What happened to this state, I keep asking myself. It still has a vibrant economy, still is the fruit basket of the country, still has its share of millionaires.

I think a lot of the causes of the problems reside in Sacramento. What do you think?
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The problem with state politics is when state politicians have national ambitions that exceeds their desire to their current state jobs. Then they stick their finger in the air to find which way it's blowing and then try to emulate whatever is going on at the federal level in their party rather than taking stock in their own job and the duties thereof.
 
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