California running out of money

[marincounty]

Originally posted by: sactoking

Originally posted by: marincounty
Apparently the Republican's strategy of borrowing money and cutting taxes is not working out. Note they are still refusing to raise any kind of tax unless they get anti-labor provisions also.
I'll make it simple: Republicans want to take away your overtime and your lunchbreak.

And I've got news for you red staters, you're state will be going broke very soon, so quit gloating.

I'll make it simple right back: Democrats want to continue their decade(s) of unregulated spending without any plan for how to pay for it.

CA's mess is just as much the Democratic state legislature's as it is anyone else. Their stance of refusing to cut programs shows how out of touch they are with the realities of budgeting and accounting.

What are you talking about? Democrats have agreed to large cuts in education, senior health care, etc.. in order to pass a budget. Republicans have not agreed to one dime in new taxes. Even Arnold is pushing to raise the sales tax, but the stubborn Republican legislators will not agree, demanding cuts instead, and won't put forward their proposals on what to cut. Pure obstructionism.
Sounds like it's all the Democrats fault to me.

 

[gevorg]

Lyle Lanley: Well, sir, there's nothing on earth
Like a genuine,
Bona fide,
Electrified,
Six-car
Monorail!
What'd I say?
Ned Flanders: Monorail!
Lyle Lanley: What's it called?
Patty+Selma: Monorail!
Lyle Lanley: That's right! Monorail!

 

[compuwiz1]

This is absolutely recockulous.

Ca has state income tax
High property taxes
all kinds of chump taxes and surcharges
tolls to go across bridges

Mismanaged like a mother f*cker :|

They'll just go bankrupt as they have before.


I'm sure glad I don't live there anymore.

 

[Stoneburner]

Originally posted by: winnar111

Originally posted by: Stoneburner

Originally posted by: winnar111

Originally posted by: marincounty
Apparently the Republican's strategy of borrowing money and cutting taxes is not working out. Note they are still refusing to raise any kind of tax unless they get anti-labor provisions also.
I'll make it simple: Republicans want to take away your overtime and your lunchbreak.

And I've got news for you red staters, you're state will be going broke very soon, so quit gloating.

What Republican strategy? Arnold has pursued a whole bunch of waste, and the state is packed with Democrats in the legislatures.

So your theory is that any state with a republican governor and legislature will be doing well economically right?

Or do you not have a theory, you're just hurling random crap out because you're a partisan hack who listens to equally illogical fools? You post fairly often, usually whatever nonsense the right wing noise machine is spewing, but do you ever think, "What's my point?"

The only one who's mentioned a Republican Governor is you.

I ask you again to consider why you say certain things. Considering your history has a partisan hack, was I supposed to assume there was nothing implicit in your OP? This is NOT what I read.

Originally posted by: winnar111

I find nothing strange about California suffering an economic meltdown considering it's the 8th largest economy in the world as compared to separate nations. It's expected that any economy with such extensive global ties is going to suffer immediately from an economic contraction, far sooner than states which more localized economies or those with narrow economic areas of focus

What I actually read was this:

Originally posted by: winnar111

Haha, cali iz dead, get a brain you morans!

 

[winnar111]

Originally posted by: marincounty

Originally posted by: sactoking

Originally posted by: marincounty
Apparently the Republican's strategy of borrowing money and cutting taxes is not working out. Note they are still refusing to raise any kind of tax unless they get anti-labor provisions also.
I'll make it simple: Republicans want to take away your overtime and your lunchbreak.

And I've got news for you red staters, you're state will be going broke very soon, so quit gloating.

I'll make it simple right back: Democrats want to continue their decade(s) of unregulated spending without any plan for how to pay for it.

CA's mess is just as much the Democratic state legislature's as it is anyone else. Their stance of refusing to cut programs shows how out of touch they are with the realities of budgeting and accounting.

What are you talking about? Democrats have agreed to large cuts in education, senior health care, etc.. in order to pass a budget. Republicans have not agreed to one dime in new taxes. Even Arnold is pushing to raise the sales tax, but the stubborn Republican legislators will not agree, demanding cuts instead, and won't put forward their proposals on what to cut. Pure obstructionism.
Sounds like it's all the Democrats fault to me.

California spending has jumped 39% since 2003. What cuts are these? And don't they have one of the highest sales taxes in the nation already?

 

[marincounty]

Originally posted by: winnar111

Originally posted by: marincounty

Originally posted by: winnar111

Originally posted by: marincounty
Apparently the Republican's strategy of borrowing money and cutting taxes is not working out. Note they are still refusing to raise any kind of tax unless they get anti-labor provisions also.
I'll make it simple: Republicans want to take away your overtime and your lunchbreak.

And I've got news for you red staters, you're state will be going broke very soon, so quit gloating.

What Republican strategy? Arnold has pursued a whole bunch of waste, and the state is packed with Democrats in the legislatures.

Unlike most states, the budget has to pass by a 2/3 majority, giving the minority Republicans effective veto power over the budget.
Arnold has cut nothing from the one thing most responsible for killing California, the prison-industrial complex. Prisons, prison guards, police, sheriffs, judges, prosecutors, lawyers, etc.. are all feeding at the trough in California. End the drug war and get rid of the 3 strikes and mandatory sentencing idiocy.
California still has the best universities in the country, in spite of Republicans controlling the governor's office for most of the past 30 years.

Except they're still the minority power, anyway, and can't actually pass anything....

A couple years ago Arnold dumped $62 million into some global warming initiative. And this gem from 4 years ago when he initially came into office:

http://findarticles.com/p/arti...m1282/is_/ai_112493438

After countless hours combing through the budget with star budget director Donna Arduin, we realized that the state faces roughly $15 billion annual deficits, twice as high as expected, from here to eternity. California's budget deficit is now larger than those of the other 49 states combined--and this state is already the most indebted in the nation.

But Arnold is right to focus on igniting growth as the first step toward ending California's miseries. Between June 2000, the height of the boom, and the end of 2003, the state has had a negative growth rate in overall revenues after inflation. Why? Because, for the first time in the state's history, more taxpayers have left California than have entered it over a given three-year period. According to data from the State Board of Equalization, about 80 percent of the state's revenue losses were a result of disappearing millionaires. Some of this was a result of the dot bomb in Silicon Valley. But a lot of it was policy-driven. The leftists in the state legislature have made it clear through high taxes and anti-business regulations that they despise rich people, so the rich people have retaliated by leaving. The number of reported millionaires in California plunged from 44,000 in 2000 to 29,000 in 2002.


Looks like Gray Davis pwned the state. :laugh:

And the state can only get worse once Obama comes in and takes all the money away from the Hollywood liberals and gives it to the UAW in Michigan.

The article you quoted is pure BS, by Stephen Moore , a right-wing economic nutjob.
He quotes Arthur Laffer and says how a flat tax would fix everything. Remember Arthur Laffer and Reaganomics? Failure.

I don't believe this crap about millionaires leaving California either, I see more of them every day here. Garbage statistics.

 

[sactoking]

Originally posted by: marincounty
Democrats have agreed to large cuts in education, senior health care, etc.. in order to pass a budget. Republicans have not agreed to one dime in new taxes. Even Arnold is pushing to raise the sales tax, but the stubborn Republican legislators will not agree, demanding cuts instead, and won't put forward their proposals on what to cut. Pure obstructionism.
Sounds like it's all the Democrats fault to me.

In this case, maybe. I don't follow CA politics much anymore. But I do know that in the 10+ years leading up to today (you know, the period in which much of the causation can be attributed) the Democratic legislature (and the Governor when it was Gray Davis) were perfectly happy to explode spending to unmanageable levels without a second thought. The Republican minority may be unfairly obstinate now in the face of true Democratic concessions.

In retrospect, your original comment was more 'now' focused and my reply was more 'history' focused. My reply was not as germane (what do the god damn Germans have to do with it?!?) to your comment as I had originally intended.

 

[fskimospy]

Originally posted by: compuwiz1
This is absolutely recockulous.

Ca has state income tax
High property taxes
all kinds of chump taxes and surcharges
tolls to go across bridges

Mismanaged like a mother f*cker :|

They'll just go bankrupt as they have before.


I'm sure glad I don't live there anymore.

California has some of the lowest property taxes in the country

Sure it makes up for it in other ways, but overall its tax rate is pretty close to the national average.

 

[dmcowen674]

Originally posted by: winnar111
Topic Title: California running out of money

I posted this in my economy thread and the resident radical Republicans said it's not possible.

The article is bogus.

 

[compuwiz1]

Originally posted by: eskimospy

Originally posted by: compuwiz1
This is absolutely recockulous.

Ca has state income tax
High property taxes
all kinds of chump taxes and surcharges
tolls to go across bridges

Mismanaged like a mother f*cker :|

They'll just go bankrupt as they have before.


I'm sure glad I don't live there anymore.

California has some of the lowest property taxes in the country

Sure it makes up for it in other ways, but overall its tax rate is pretty close to the national average.

Ahhhhhh, now I remember why our property taxes didn't go up. They took away the school buses. We had no buses for my daughter to get to high school....or driver's ed cars.

 

[BoomerD]

A HUGE part of the problem with Kahleeforneeya's economy is the "Govern by proposition" bullshit we have here.

Every special interest group in the state pushes a proposition that requires state funding without having to figure out HOW to fund it...so the money is expected to come from the general fund.

Every election cycle, Kahleeforneeya is awash in new propositions for this or that...yet none of them come with any specific way to pay for them.

Imagine passing a workable budget and expecting to actually live by it...then having all sorts of new bills added that require 25% of your budget to be spent on other things...makes it dammed tough, especially when your income is dropping every year.

Kahleeforneeya has lots of problems...IMO, many of them caused by the proliferation of illegal immigrants and the many programs that support them in one way or another. (welfare, food stamps, SSI, ESL classes, allowing the illegals to attend college with resident rates,etc.)

I'm not looking forward to having my vehicle license fees tripled again...that's gonna suck. Ah-Nold has suggested a $12 increase in those fees. IMO, that's acceptable, but tripling those fees will just mean more un-licensed and un-insured drivers on the roadways.

Kahleeforneeya needs to raise taxes on the wealthiest 1%, start charging sales tax on services, (something many states already do) and increase the state sales tax by 1%. Charging sales taxes on luxury items such as yachts and personal aircraft purchased in another state is also a good way to bring some $$$ into the state. (they already do this for cars and trucks with some time limitations)

There are enough poor people in this state that cutting programs is a bad idea. yes, there's a lot of fraud and waste, and THAT should be gone after, prosecuted, and eliminated, but cutting programs for those who can't help themselves just seems...Republican. (compassionate conservative ring a bell?)

 

[Red Dawn]

Originally posted by: compuwiz1
This is absolutely recockulous.

Ca has state income tax
High property taxes
all kinds of chump taxes and surcharges
tolls to go across bridges

Mismanaged like a mother f*cker :|

They'll just go bankrupt as they have before.


I'm sure glad I don't live there anymore.

I loved living there..well the way it was from the 60's till about 1998 then things started to get ridiculous. That's also when the tech boom was in it's heyday. Housing prices started to skyrocket, the Bay Area became over crowded and the over all quality of life deteriorated. A lot of us moved to Central Ca to get away from that rat race but the bullshit followed. It's like it went from being a state to a fucked up country. Still if i could afford it, by afford it I mean live in a secluded area away from the maddening crowd, I'd move back in a heart beat.

 

[glenn1]

Originally posted by: BoomerD
A HUGE part of the problem with Kahleeforneeya's economy is the "Govern by proposition" bullshit we have here.

Every special interest group in the state pushes a proposition that requires state funding without having to figure out HOW to fund it...so the money is expected to come from the general fund.

Every election cycle, Kahleeforneeya is awash in new propositions for this or that...yet none of them come with any specific way to pay for them.

Imagine passing a workable budget and expecting to actually live by it...then having all sorts of new bills added that require 25% of your budget to be spent on other things...makes it dammed tough, especially when your income is dropping every year.

Kahleeforneeya has lots of problems...IMO, many of them caused by the proliferation of illegal immigrants and the many programs that support them in one way or another. (welfare, food stamps, SSI, ESL classes, allowing the illegals to attend college with resident rates,etc.)

I'm not looking forward to having my vehicle license fees tripled again...that's gonna suck. Ah-Nold has suggested a $12 increase in those fees. IMO, that's acceptable, but tripling those fees will just mean more un-licensed and un-insured drivers on the roadways.

Kahleeforneeya needs to raise taxes on the wealthiest 1%, start charging sales tax on services, (something many states already do) and increase the state sales tax by 1%. Charging sales taxes on luxury items such as yachts and personal aircraft purchased in another state is also a good way to bring some $$$ into the state. (they already do this for cars and trucks with some time limitations)

There are enough poor people in this state that cutting programs is a bad idea. yes, there's a lot of fraud and waste, and THAT should be gone after, prosecuted, and eliminated, but cutting programs for those who can't help themselves just seems...Republican. (compassionate conservative ring a bell?)

Why only a 1% raise in the sales tax? Stop being a cheapskate and raise it by a lot more than that :thumbsup:

 

[BoomerD]

Originally posted by: glenn1

Originally posted by: BoomerD
A HUGE part of the problem with Kahleeforneeya's economy is the "Govern by proposition" bullshit we have here.

Every special interest group in the state pushes a proposition that requires state funding without having to figure out HOW to fund it...so the money is expected to come from the general fund.

Every election cycle, Kahleeforneeya is awash in new propositions for this or that...yet none of them come with any specific way to pay for them.

Imagine passing a workable budget and expecting to actually live by it...then having all sorts of new bills added that require 25% of your budget to be spent on other things...makes it dammed tough, especially when your income is dropping every year.

Kahleeforneeya has lots of problems...IMO, many of them caused by the proliferation of illegal immigrants and the many programs that support them in one way or another. (welfare, food stamps, SSI, ESL classes, allowing the illegals to attend college with resident rates,etc.)

I'm not looking forward to having my vehicle license fees tripled again...that's gonna suck. Ah-Nold has suggested a $12 increase in those fees. IMO, that's acceptable, but tripling those fees will just mean more un-licensed and un-insured drivers on the roadways.

Kahleeforneeya needs to raise taxes on the wealthiest 1%, start charging sales tax on services, (something many states already do) and increase the state sales tax by 1%. Charging sales taxes on luxury items such as yachts and personal aircraft purchased in another state is also a good way to bring some $$$ into the state. (they already do this for cars and trucks with some time limitations)

There are enough poor people in this state that cutting programs is a bad idea. yes, there's a lot of fraud and waste, and THAT should be gone after, prosecuted, and eliminated, but cutting programs for those who can't help themselves just seems...Republican. (compassionate conservative ring a bell?)

Why only a 1% raise in the sales tax? Stop being a cheapskate and raise it by a lot more than that :thumbsup:

Kahleeforneeya state sales tax is at 7.25% currently, PLUS lots of counties and cities have their own sales taxes added to that. (some are paying over 8.5%)

1% would raise quite a bit of $$ for the state coffers without driving prices to the point of "I can't afford to buy this."

(edit: Fixed tax rate)

 

[glenn1]

Originally posted by: BoomerD

Originally posted by: glenn1

Originally posted by: BoomerD
A HUGE part of the problem with Kahleeforneeya's economy is the "Govern by proposition" bullshit we have here.

Every special interest group in the state pushes a proposition that requires state funding without having to figure out HOW to fund it...so the money is expected to come from the general fund.

Every election cycle, Kahleeforneeya is awash in new propositions for this or that...yet none of them come with any specific way to pay for them.

Imagine passing a workable budget and expecting to actually live by it...then having all sorts of new bills added that require 25% of your budget to be spent on other things...makes it dammed tough, especially when your income is dropping every year.

Kahleeforneeya has lots of problems...IMO, many of them caused by the proliferation of illegal immigrants and the many programs that support them in one way or another. (welfare, food stamps, SSI, ESL classes, allowing the illegals to attend college with resident rates,etc.)

I'm not looking forward to having my vehicle license fees tripled again...that's gonna suck. Ah-Nold has suggested a $12 increase in those fees. IMO, that's acceptable, but tripling those fees will just mean more un-licensed and un-insured drivers on the roadways.

Kahleeforneeya needs to raise taxes on the wealthiest 1%, start charging sales tax on services, (something many states already do) and increase the state sales tax by 1%. Charging sales taxes on luxury items such as yachts and personal aircraft purchased in another state is also a good way to bring some $$$ into the state. (they already do this for cars and trucks with some time limitations)

There are enough poor people in this state that cutting programs is a bad idea. yes, there's a lot of fraud and waste, and THAT should be gone after, prosecuted, and eliminated, but cutting programs for those who can't help themselves just seems...Republican. (compassionate conservative ring a bell?)

Why only a 1% raise in the sales tax? Stop being a cheapskate and raise it by a lot more than that :thumbsup:

Kahleeforneeya state sales tax is at 7.5% currently, PLUS lots of counties and cities have their own sales taxes added to that. (some are paying over 8.5%)

1% would raise quite a bit of $$ for the state coffers without driving prices to the point of "I can't afford to buy this."

And a 2% increase (or 3 or 5) would raise a lot more. Honestly, what difference will a percent or two make? And think of all the good it could do? Or you could look at it in the practical way, might as well save time and just give the government what it needs rather than dragging it out and paying it anyway.

 

[winnar111]

Originally posted by: BoomerD

Originally posted by: glenn1

Originally posted by: BoomerD
A HUGE part of the problem with Kahleeforneeya's economy is the "Govern by proposition" bullshit we have here.

Every special interest group in the state pushes a proposition that requires state funding without having to figure out HOW to fund it...so the money is expected to come from the general fund.

Every election cycle, Kahleeforneeya is awash in new propositions for this or that...yet none of them come with any specific way to pay for them.

Imagine passing a workable budget and expecting to actually live by it...then having all sorts of new bills added that require 25% of your budget to be spent on other things...makes it dammed tough, especially when your income is dropping every year.

Kahleeforneeya has lots of problems...IMO, many of them caused by the proliferation of illegal immigrants and the many programs that support them in one way or another. (welfare, food stamps, SSI, ESL classes, allowing the illegals to attend college with resident rates,etc.)

I'm not looking forward to having my vehicle license fees tripled again...that's gonna suck. Ah-Nold has suggested a $12 increase in those fees. IMO, that's acceptable, but tripling those fees will just mean more un-licensed and un-insured drivers on the roadways.

Kahleeforneeya needs to raise taxes on the wealthiest 1%, start charging sales tax on services, (something many states already do) and increase the state sales tax by 1%. Charging sales taxes on luxury items such as yachts and personal aircraft purchased in another state is also a good way to bring some $$$ into the state. (they already do this for cars and trucks with some time limitations)

There are enough poor people in this state that cutting programs is a bad idea. yes, there's a lot of fraud and waste, and THAT should be gone after, prosecuted, and eliminated, but cutting programs for those who can't help themselves just seems...Republican. (compassionate conservative ring a bell?)

Why only a 1% raise in the sales tax? Stop being a cheapskate and raise it by a lot more than that :thumbsup:

Kahleeforneeya state sales tax is at 7.5% currently, PLUS lots of counties and cities have their own sales taxes added to that. (some are paying over 8.5%)

1% would raise quite a bit of $$ for the state coffers without driving prices to the point of "I can't afford to buy this."

Or they'll just buy stuff at Amazon.

 

[glenn1]

Originally posted by: marincounty

Originally posted by: winnar111

Originally posted by: marincounty
Apparently the Republican's strategy of borrowing money and cutting taxes is not working out. Note they are still refusing to raise any kind of tax unless they get anti-labor provisions also.
I'll make it simple: Republicans want to take away your overtime and your lunchbreak.

And I've got news for you red staters, you're state will be going broke very soon, so quit gloating.

What Republican strategy? Arnold has pursued a whole bunch of waste, and the state is packed with Democrats in the legislatures.

Unlike most states, the budget has to pass by a 2/3 majority, giving the minority Republicans effective veto power over the budget.
Arnold has cut nothing from the one thing most responsible for killing California, the prison-industrial complex. Prisons, prison guards, police, sheriffs, judges, prosecutors, lawyers, etc.. are all feeding at the trough in California. End the drug war and get rid of the 3 strikes and mandatory sentencing idiocy.
California still has the best universities in the country, in spite of Republicans controlling the governor's office for most of the past 30 years.

I agree. Tear down the jails, free the prisoners, and do away with police, judges, and lawyers, they're just holding you back. Oh, and raise taxes as that is the fast track to improve your quality of life. I like this plan!

 

[fskimospy]

Originally posted by: Red Dawn

Originally posted by: compuwiz1
This is absolutely recockulous.

Ca has state income tax
High property taxes
all kinds of chump taxes and surcharges
tolls to go across bridges

Mismanaged like a mother f*cker :|

They'll just go bankrupt as they have before.


I'm sure glad I don't live there anymore.

I loved living there..well the way it was from the 60's till about 1998 then things started to get ridiculous. That's also when the tech boom was in it's heyday. Housing prices started to skyrocket, the Bay Area became over crowded and the over all quality of life deteriorated. A lot of us moved to Central Ca to get away from that rat race but the bullshit followed. It's like it went from being a state to a fucked up country. Still if i could afford it, by afford it I mean live in a secluded area away from the maddening crowd, I'd move back in a heart beat.

I've lived here for almost 10 years now and I love it. It's sunny every day, I live 2 blocks from the beach, it's never too hot or too cold, and my area of town has a small beach town feel while being close enough to downtown to go any time I want. Ahhhhhh.

 

[Red Dawn]

Originally posted by: eskimospy

Originally posted by: Red Dawn

Originally posted by: compuwiz1
This is absolutely recockulous.

Ca has state income tax
High property taxes
all kinds of chump taxes and surcharges
tolls to go across bridges

Mismanaged like a mother f*cker :|

They'll just go bankrupt as they have before.


I'm sure glad I don't live there anymore.

I loved living there..well the way it was from the 60's till about 1998 then things started to get ridiculous. That's also when the tech boom was in it's heyday. Housing prices started to skyrocket, the Bay Area became over crowded and the over all quality of life deteriorated. A lot of us moved to Central Ca to get away from that rat race but the bullshit followed. It's like it went from being a state to a fucked up country. Still if i could afford it, by afford it I mean live in a secluded area away from the maddening crowd, I'd move back in a heart beat.

I've lived here for almost 10 years now and I love it. It's sunny every day, I live 2 blocks from the beach, it's never too hot or too cold, and my area of town has a small beach town feel while being close enough to downtown to go any time I want. Ahhhhhh.

When i was in College I spent almost every day of Summer Break in the Santa Cruz area, especially Capitola and the Harbor. I assume that I'll been spending a lot of my time in my 60's at the Dermatologist

 

[marincounty]

Originally posted by: glenn1

Originally posted by: marincounty

Originally posted by: winnar111

Originally posted by: marincounty
Apparently the Republican's strategy of borrowing money and cutting taxes is not working out. Note they are still refusing to raise any kind of tax unless they get anti-labor provisions also.
I'll make it simple: Republicans want to take away your overtime and your lunchbreak.

And I've got news for you red staters, you're state will be going broke very soon, so quit gloating.

What Republican strategy? Arnold has pursued a whole bunch of waste, and the state is packed with Democrats in the legislatures.

Unlike most states, the budget has to pass by a 2/3 majority, giving the minority Republicans effective veto power over the budget.
Arnold has cut nothing from the one thing most responsible for killing California, the prison-industrial complex. Prisons, prison guards, police, sheriffs, judges, prosecutors, lawyers, etc.. are all feeding at the trough in California. End the drug war and get rid of the 3 strikes and mandatory sentencing idiocy.
California still has the best universities in the country, in spite of Republicans controlling the governor's office for most of the past 30 years.

I agree. Tear down the jails, free the prisoners, and do away with police, judges, and lawyers, they're just holding you back. Oh, and raise taxes as that is the fast track to improve your quality of life. I like this plan!

The prisons, prison guards, police, sheriffs,judges, lawyers are all paid for by the state.
Large salaries and generous benefits, plus outrageous pensions.
To try and balance the budget while ignoring most of the spending is idiotic.

Google the Vallejo, CA bankruptcy.

 

[JSt0rm]

Originally posted by: eskimospy
I've lived here for almost 10 years now and I love it. It's sunny every day, I live 2 blocks from the beach, it's never too hot or too cold, and my area of town has a small beach town feel while being close enough to downtown to go any time I want. Ahhhhhh.

where are you? 90404 here

 

[JS80]

Originally posted by: eskimospy

Originally posted by: compuwiz1
This is absolutely recockulous.

Ca has state income tax
High property taxes
all kinds of chump taxes and surcharges
tolls to go across bridges

Mismanaged like a mother f*cker :|

They'll just go bankrupt as they have before.


I'm sure glad I don't live there anymore.

California has some of the lowest property taxes in the country

Sure it makes up for it in other ways, but overall its tax rate is pretty close to the national average.

the rate may be low, but the dollars paid is high because of the high cost of real estate.

 

[Double Trouble]

Originally posted by: eskimospy

Yeah guys, states with Republican legislatures are fine. You know, states that are currently insolvent such as Ohio.

Uh, hang on there, based on this, Ohio has a budget deficit of about 4% of the total state budget, while California has a budget deficit of more than 8.2% of the total budget. Now which state is in more dire financial straights again? Of course, that's like arguing over who gets what seat on the Titanic.

Lets face it, democrat, republican, whatever, the reality is that these guys just don't seem to want to face the reality that at the end of the day you must bring in enough to cover what you spend. In the short run you can cover a deficit with borrowing, but ultimately it has to be paid back.

The funny thing is that people still think you can keep raising taxes to cover the shortfall (democrat mentality), they simply don't want to face the fact that addressing one side of the equation (income) without dealing with the other (expenditures) is foolish. The opposite (republican mentality) of reducing taxes without somehow cutting spending accordingly is equally stupid.

 

[ohnoes]

wtf does green jobs & regulations have to do with the budget? Loosar's cognitive abilities are awesome!

 

[BoomerD]

Originally posted by: glenn1

And a 2% increase (or 3 or 5) would raise a lot more. Honestly, what difference will a percent or two make? And think of all the good it could do? Or you could look at it in the practical way, might as well save time and just give the government what it needs rather than dragging it out and paying it anyway.

Because a 1% increase MIGHT be palatable to the Republicans without hurting the citizenry TOO much. 2-3% is quite an increase when you're making larger purchases like autos.
(tonight's news says Schwartzenactor wants to tax veterinary services at 9%...the vets are up in arms!)

Originally posted by: winnar111

Or they'll just buy stuff at Amazon.

Since, by law, anything you buy from out of state, you are SUPPOSED to report to the Board of Equalization and pay the appropriate sales taxes on...I'll be surprised if Kahleeforneeya doesn't start cracking down on such purchases.