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Jerry Brown’s Legacy: A $6.1 Billion Budget Surplus in California

radcen said:
Jerry Brown is an enigma to me. I hated him as Governor the first time. His 1992 presidential campaign had all the charm of a carnival sideshow, but it was amusing. I thought he was freaking awesome as Mayor of Oakland. Then he gets back as Governor and he's been terrible again. Maybe the "peter principle" has something to it, he should've stopped at mayor.

He does seem like a decent and sincere guy, though, and I think that's why he did so well as mayor, he's just... loony.

Note: Born and raised and lived most of my adult life in California, so I am familiar with Mr Brown.
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Many decades in California myself. What I cannot excuse is the bullet train to nowhere in process now. It is failing even as the first track is laid... A series of li songs piled upon line should and we are paying for it in our taxes.
 
In the 2003 recall election, the choices had remarkably similar family histories... Gray Davis successfully hid his, but lost the election. I find it difficult to accept as meaningless coincidence, that in a state of 35 million, both major parties sponsored candidates from such like minded families.

https://en.wikipedia.org/wiki/Gustav_Schwarzenegger#Biography
Gustav Schwarzenegger was born in Austria-Hungary, the son of Cecelia (née Hinterleitner) and Karl Schwarzenegger.[1] He married war widow Aurelia Jadrny (29 July 1922 – 2 August 1998)
...News reports about Gustav's Nazi links first surfaced in 1990, at which time Arnold asked the Simon Wiesenthal Center, an organization he had long supported, to research his father's past. The Center found Gustav's army records and Nazi party membership, but did not uncover any connection to war crimes or the paramilitary organization, the Schutzstaffel (SS).[3] Media interest resurfaced when Arnold ran for Governor of California in the 2003 recall election.....
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https://en.wikipedia.org/wiki/Arnold_Schwarzenegger
......
As a Republican, Schwarzenegger was first elected on October 7, 2003, in a special recall election to replace then-Governor Gray Davis.
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https://en.wikipedia.org/wiki/William_Rhodes_Davis

William Rhodes Davis (February 10, 1889 – August 1, 1941) was a United States businessman whose oil interests involved him in furthering the strategic interests of Nazi Germany.
........
Later reputation
A few years after his death, Davis was named in assistant U.S. Attorney General O. John Rogge's Nazi Report.[19] It identified him as Abwehr agent C-80, not a spy but an "agent of influence" whose activities were financed with the personal approval of Hitler, and who in that role supplied petroleum to Nazi Germany and helped Germany try to influence U.S. politics.[20]

The United States government released captured Nazi government documents in 1957 showing how Davis funneled Nazi funds into the 1940 U.S. elections.[9]
......
In 1909, Davis had a son, William Rhodes, Jr., by May Tankin. Their marriage has not been documented.[2] William Rhodes, Jr., died in an airplane crash in Nicaragua in 1933 while exploring for oil.[21] Davis married Pearl Peters in 1921 and they had two sons, Joseph Graham Davis and Currie Boyd Davis.[22] Davis later divorced Peters and married Marie M. Tomkunas.[23]
........
Joseph Graham Davis married Doris Meyer on November 29, 1941.[27] Their eldest child was Joseph Graham Davis, Jr., better known as California Governor Gray Davis (Democrat).[28]
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radcen said:
View attachment 67230251

You seem to enjoy your ignorance, so I'll just say, "Carry on. :2wave:"
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You have a big fat nothing burger, just like the others of your ilk here. :roll:

Not a ****ing word about what I posted. Just your lame old crap. :roll:

ignorance is your specialty, right here for everyone to see!! :lamo
 
Saladin4 said:
I'll translate:...Obama tried to cause the Dam to break but Republicans saved the day and trump made the Dam great again...Obama should be arrested.......
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Another ignorant nothing burger left wing post. Haven't you guys got any brains?

Oh yea I forgot, liberals don't have one.

That dam was in trouble and the liberal Democrats in charge ignored it because they would not spend the money, on anything but ****ing illegal idiots who don't belong here.
 
Blkdirt Farmer said:
Another ignorant nothing burger left wing post. Haven't you guys got any brains?

Oh yea I forgot, liberals don't have one.

That dam was in trouble and the liberal Democrats in charge ignored it because they would not spend the money, on anything but ****ing illegal idiots who don't belong here.
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Yee Haw...The Farmer has spoken...Ain;t never been to California but heard about it on da interNets....Too many Liberals...Yeah Haw...
 
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Fledermaus said:
Still waiting for the unfunded pensions to come home to roost....
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Every defined benefit pension plan has an unfunded liability. That does not mean the pensions are not healthy. Though it sounds scary to those not familiar with such plans, it and of itself it means little.
 
Fledermaus said:
Still waiting for the unfunded pensions to come home to roost....
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You don't even know what that means. Repeating the bull**** of fear mongers isn't a compelling response.
 
Kushinator said:
You don't even know what that means. Repeating the bull**** of fear mongers isn't a compelling response.
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Your OPINION is noted. And laughed at.

Feel free to read the LA Times article on the ever growing unfunded liability that was around $366 billion in 2016.

It was getting so bad Brown brokered a pension rollback..

Or you can read the Forbes article...
 
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Fledermaus said:
Your OPINION is noted. And laughed at.

Feel free to read the LA Times article on the ever growing unfunded liability that was around $366 billion in 2016.

It was getting so bad Brown brokered a pension rollback..

Or you can read the Forbes article...
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Why should a state government be required to fund the pensions of people not even working yet out of current cash flows? I have no interest in responding to a Forbes article.
 
Saladin4 said:
Brown took on the Unions to lower pensions and took on the Tea Party no nothings to raise taxes on the uber wealthy...That with the state redistricting the gerry mandering allowed him to not bow to the 33%...Who had said NO to every tax increase...Certainly California still has challenges but with the 6th largest economy in the world it appears it has much to be proud of of
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So how are they gonna pay for that mag lev train again?
 
radcen said:
Jerry Brown is an enigma to me. I hated him as Governor the first time. His 1992 presidential campaign had all the charm of a carnival sideshow, but it was amusing. I thought he was freaking awesome as Mayor of Oakland. Then he gets back as Governor and he's been terrible again. Maybe the "peter principle" has something to it, he should've stopped at mayor.

He does seem like a decent and sincere guy, though, and I think that's why he did so well as mayor, he's just... loony.

Note: Born and raised and lived most of my adult life in California, so I am familiar with Mr Brown.
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I am Governor Jerry Brown
My aura smiles and never frowns
Soon I will be president
Carter power will soon go 'way
I will be Führer one day
I will command all of you
Your kids will meditate in school
Your kids will meditate in school
California Über Alles
California Über Alles
Über Alles California
Über Alles California
Zen fascists will control you
Hundred percent natural
You will jog for the master race
And always wear the happy face
Close your eyes, can't happen here
Big Bro' on white horse is near
The hippies won't come back, you say
Mellow out or you will pay
Mellow out or you will pay
California Über Alles
California Über Alles
Über Alles California
Über Alles California
Now it is nineteen eighty-four
Knock-knock at your front door
It's the suede denim secret police
They have come for your uncool niece
Come quietly to the camp
You'd look nice as a drawstring lamp
Don't you worry, it's only a shower
For your clothes, here's a pretty flower
Die on organic poison gas
Serpent's egg's already hatched
You will croak, you little clown
When you mess with President Brown
When you mess with President Brown
California Über Alles
California Über Alles
Über Alles California
Über Alles California
 
Fledermaus said:
Hand waving noted...
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You are throwing around terminology for the sake of sounding both scary and important. The term unfunded liability has been bastardized into a political tool to get a rise out of the uninformed.

For example... A mortgage is an unfunded liability. Why are you not talking about the U.S.'s 14 trillion in unfunded mortgages? We know why... you haven't read about it yet in a forbes article.
 
Kushinator said:
You are throwing around terminology for the sake of sounding both scary and important. The term unfunded liability has been bastardized into a political tool to get a rise out of the uninformed.

For example... A mortgage is an unfunded liability. Why are you not talking about the U.S.'s 14 trillion in unfunded mortgages? We know why... you haven't read about it yet in a forbes article.
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A mortgage does not increase as time goes by...

You can't have read the articles I suggested.
 
Fledermaus said:
A mortgage does not increase as time goes by...
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Total mortgage debt tends to increase (unless say there is a real estate crisis) as a function of time due to both population growth and inflation.

You can't have read the articles I suggested.
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Once again... I could not care any less about articles focusing on terminology you clearly do not understand.
 
Kushinator said:
Total mortgage debt tends to increase (unless say there is a real estate crisis) as a function of time due to both population growth and inflation.
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There are claims about trillions in unfunded state and local pension liabilities. They're often the subject of sloppy speech -- saying unfunded liabilities when talking about total liabilities.

Moreover, those making these claims don't look at the flip-side, that one need not have the cash in the bank today to cover liabilities in the future. Just like my mortgage -- a stream of payments to the bank into the future, is being paid by a stream of paychecks in the future. The future stream of state and local liabilities are going to be paid through future payroll deductions. The only important function is whether there is a gap between the payments and the liabilities and how big is the shortfall, if anything.
 
Jetboogieman said:
What do you think would solve the problem?

If Californians got stoned 24/7 and pretended to support Trump all day do you think that may be a first good step?
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They ve already accomplished that first step, now need to jump on board the Trump train for real, not pretend. Fake is for chumps, pretend is for progressives.

Wonder why the state is losing so many people, why their national ranking is at the bottom?
 
Kushinator said:
Total mortgage debt tends to increase (unless say there is a real estate crisis) as a function of time due to both population growth and inflation.

Once again... I could not care any less about articles focusing on terminology you clearly do not understand.
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TRANSLATION : You can't be bothered by articles focusing on facts you clearly want to ignore.
 
Saladin4 said:
Last checked (and that would be 3 weeks ago when I was there) In Silicon Valley alone there were over 500 companies racking up Billions in revenue and business...But keep babbling about a Damn....LOL
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The uber rich are getting richer? The 1%er are getting their share? Get outa here. How's Hollywood holding up compared to the rest of us peeons who struggle for jobs while they are preaching to us how to live?
 
MAGA these Conservatives want to lower taxes and lower taxes.....when America was great right after the war the top tax percentage was 90 %. Eisenhower was able to pave the entire country with interstates which greatly enhanced business and Commerce across the country. How much did we go into debt. ZIPPO. Carter left office with a 500 billion dollar deficit and Ronnie and the gang took over. Trickle down on and off for 38 years has brought upon a 21 Trillion dollar deficit. Conservatives say Obama was the worst offender. What they neglect to tell you is how Obama put the 2 wars he inherited on the budget. But I regress. "The Republican nominee for President, George W. Bush, took a clear stance on the issue: the surplus was to be returned to American households in the form of tax relief. In his acceptance speech for the Republican nomination, he said:

“The last time taxes were this high as a percentage of our economy, there was a good reason … We were fighting World War II. Today, our high taxes fund a surplus. Some say that growing federal surplus means Washington has more money to spend. But they've got it backwards. The surplus is not the government's money. The surplus is the people's money.” Based on this why did not that surplus go to pay off some of the debt. If the surplus is the people's money then the bills incurred by our!!!!! lawmakers on both sides of the aisle seem to be our debt. This is totally nuts. We were finally on a good path in the mid to late 90's. I wonder when Conservatives are going to figure this out that trickle down does not work, less revenue coupled with the same spending will lead to more deficits. Can your wife lose her job and you just keep on spending the same amount. NO!
 
Fledermaus said:
TRANSLATION : You can't be bothered by articles focusing on facts you clearly want to ignore.
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Nope!

I can't be bothered to address an argument that poster cannot articulate on their own behalf.

But, but, but the article![/i] isn't a valid response to a post pertaining to California driving the global economy.
 
Kushinator said:
Nope!

I can't be bothered to address an argument that poster cannot articulate on their own behalf.

But, but, but the article![/i] isn't a valid response to a post pertaining to California driving the global economy.
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The articles (plural) explain better than I can... But, hey, keep your head in the sand if you wish.
 
Fraggle Rock said:
MAGA these Conservatives want to lower taxes and lower taxes.....when America was great right after the war the top tax percentage was 90 %. Eisenhower was able to pave the entire country with interstates which greatly enhanced business and Commerce across the country. How much did we go into debt. ZIPPO. Carter left office with a 500 billion dollar deficit and Ronnie and the gang took over. Trickle down on and off for 38 years has brought upon a 21 Trillion dollar deficit. Conservatives say Obama was the worst offender. What they neglect to tell you is how Obama put the 2 wars he inherited on the budget. But I regress. "The Republican nominee for President, George W. Bush, took a clear stance on the issue: the surplus was to be returned to American households in the form of tax relief. In his acceptance speech for the Republican nomination, he said:

“The last time taxes were this high as a percentage of our economy, there was a good reason … We were fighting World War II. Today, our high taxes fund a surplus. Some say that growing federal surplus means Washington has more money to spend. But they've got it backwards. The surplus is not the government's money. The surplus is the people's money.” Based on this why did not that surplus go to pay off some of the debt. If the surplus is the people's money then the bills incurred by our!!!!! lawmakers on both sides of the aisle seem to be our debt. This is totally nuts. We were finally on a good path in the mid to late 90's. I wonder when Conservatives are going to figure this out that trickle down does not work, less revenue coupled with the same spending will lead to more deficits. Can your wife lose her job and you just keep on spending the same amount. NO!
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Referencing the bold portion above, during Eisenhower, there was indeed a deficit each year. I provided a graph below of 1952 - 1960, of the deficit as a p% of GDP. The country never really pays off the debt but if done the way it was done post WWII, namely by keeping the annual deficit below economic growth, the debt becomes insignificant.

usgs_line.php


Your other main point, that taxes are too low, I agree with.
 
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