America, California gives you a glimpse of your future

[Big Fitz]

Socialism has pushed us here and bankrupted the world through it's foolish demands.

Too funny......

Okay, so after you steal all the rich people's money and put the businesses out of business with oppresive taxation... where do the jobs come from? Where does your money come from when everyone is equally poor?

 

[loosecannon]

This article should scare anyone thinking that we are coming out of the recession. We are just about to enter the precipitous plunge of the second half of the "w". The question is, is California our Greece, or our salvation? The answer is now, I believe only months away.

Schwarzenneger Preps "Terrible Cuts" to Close Deficit

Here are some very important warning signs of what is and will need to be done.

“We can’t get through this deficit without very terrible cuts,” Schwarzenegger spokesman Aaron McLear told reporters in Sacramento. “We don’t believe that raising taxes right now is the right thing to do.”

This is going to be the case with every nation in the world. Even if they do raise taxes it will still happen. Ahnold is being smart on the desire to not raise taxes. Taxes slow down productivity. It's a truism, because every tax takes from the private sector which is the engine of what generates money for government to take.

Schwarzenegger’s newest plan will revise the proposals introduced in January to account for the tax-collection shortages. In January, the governor said California may have to eliminate entire welfare programs, including the main one that provides cash and job assistance to families below the poverty line, without an influx of cash from the federal government.

This is the cruel part of it it all. Those who are the nearest to real disaster will suffer the most. They could try to go after the unions, but they are too powerful politically. Therefore the Unions will be safe for now, and the unconnected poor will suffer for the sake of those who have, through the pension funds, put the state into this mess. Just like a city threatening to close fire stations and laying off current firemen, they ignore the real drains of FORMER employees are putting on their coffers.

Of course, the hope is the feds will pay this off. My question is this: With WHAT?

The world is broke. But the momentum keeps carrying us down the track a little farther for now.

This is what the world is facing. Socialism has pushed us here and bankrupted the world through it's foolish demands. Now is our last chance to reform and purge out those truly responsible for the dire straits we are in.

Otherwise, the suffering will grow even farther.

In a sense what the bolded text really means is that as long as deficit hawks were allowed to raid SS for an extra 3-4 hundred billion annually their excesses were tolerable.

Now that SS funds are no longer available to be pillaged socialism is the villain to be blamed instead.

Whether you are, or are not in a socialist system you still have to live within your means or face the music.

We never do that and it makes no difference whether we are socialist or not, we are a nation addicted to spending tomorrow's money today.

 

[loosecannon]

CA would have to secede from the union to test the blue-red spending meme, which is fine by me but I think it would back fire. The problem with Federal statistics is that they are defined to gain votes not to track what is going on in the nation.

I think it is time for the eastern 45 states to formally secede from the union! We won't raise a fuss, I promise! Print your own currency, we won't care! Ya'll can burn all the books you want, carve your own textbooks in stone, start flying that aussie flag again, and teach creationism in school! Go for it!

We will be fine without you! I promise!

 

[loosecannon]

Socialism has pushed us here and bankrupted the world through it's foolish demands.

Too funny......

Okay, so after you steal all the rich people's money and put the businesses out of business with oppresive taxation... where do the jobs come from? Where does your money come from when everyone is equally poor?

You say that as if our deficits haven't been financed by stealing a few hundred billion/year from SS enrollees.

The Bush tax cuts were financed by raiding the SS trust fund. Deal with it.

 

[Big Fitz]

In a sense what the bolded text really means is that as long as deficit hawks were allowed to raid SS for an extra 3-4 hundred billion annually their excesses were tolerable.

You make two wrong assumptions.

1. that I believe Social Security should exist.

2. That I agree that stealing money stolen from citizens for graft and payola to special interests (aka more government) was right.

Neither should have been done.

Now that SS funds are no longer available to be pillaged socialism is the villain to be blamed instead.

Proof positive that when Government is both criminal and cop, the guilty go free. Another case against government providing for it's people instead of facilitating people to provide for themselves.

Whether you are, or are not in a socialist system you still have to live within your means or face the music.

Tell that to P-BO and the Pelosi/Reid congress. If the candidates that just threw Pelosi out of power do not live up to their promises of austerity and repeal, they will be thrown out too.

I'm more than happy to see the return of obviously good regulations on banking like Glass-Stegall and separating out investment banking, insurance companies and 'regular' banks. Regulate the derivatives market. Every major crash shows where the guard rails need to go.

We never do that and it makes no difference whether we are socialist or not, we are a nation addicted to spending tomorrow's money today.

When the public realizes they can vote themselves goodies from the public trough, you either need to limit the size of the public trough and the ability to grow it, OR, find some other way to prevent people of voting for 'legal' theft through taxation and law.

To clarify: GOVERNMENT CANNOT BE TRUSTED TO DO THE RIGHT THING WITH OUR MONEY!

 

[Big Fitz]

Too funny......

Okay, so after you steal all the rich people's money and put the businesses out of business with oppresive taxation... where do the jobs come from? Where does your money come from when everyone is equally poor?

You say that as if our deficits haven't been financed by stealing a few hundred billion/year from SS enrollees.

The Bush tax cuts were financed by raiding the SS trust fund. Deal with it.

No.... deliberate misinterpretation. SS was stolen long before the bush tax cuts. Think "Peace Dividend" when both the military AND SS was raided. Why continue a ponzi scheme? Privatize, privatize, privatize. Congress has been packing the 'lockbox' of SS since Bush 41 to be honest... to provide 'essential' services.

Taxation for every program that is not in the constitution (every cabinet department created after 1951) is the problem. The tax code needs to be made simple and with almost zero loopholes and exemptions. It is a weapon being used to destroy the citizenry's lives and welfare by redistributing wealth unfairly. This shit must end. April 15th shouldn't be 2nd Christmas for 60% of the nation paid for by the remaining 40%.

 

[loosecannon]

Unfortunately it is damned near impossible to prevent government from spending unless you actually threaten them with revolt. Like maybe something as simple as a tax payers revolt.

Or better yet a revolt by the folks who already paid for SS benefits and won't be getting what they already paid for.

Americans will be rioting in the streets just like the Greeks and the French.

 

[judyd]

California is in a very good position now that they have elected Jerry Brown as Governor. For those of you who don't remember and/or weren't alive during his last term, he is extremely fiscally conservative, balanced the budget and there was a huge surplus when he left. This was all done under the very restrictive Proposition 13.

I don't think Whitman would have been a great choice, especially with finances. Look at the money she threw around just to get herself elected--somewhere around $140 million! Not a very wise "investment".

 

[Big Fitz]

Unfortunately it is damned near impossible to prevent government from spending unless you actually threaten them with revolt. Like maybe something as simple as a tax payers revolt.

Or better yet a revolt by the folks who already paid for SS benefits and won't be getting what they already paid for.

Americans will be rioting in the streets just like the Greeks and the French.

You mean like everyone under 60 years old?

The tax revolt is closer than any of us realize in places like California. What's going to be REALLY interesting, is now that the Fed is devaluing the dollar by 20% how fast inflation of 20% will hasten troubles.

Of course P-BO and company will blame it on the new republicans. It will be a standard lie, but they'll do it anyway.

 

[Pepe]

As we all know, nearly all the red states take in more than one dollar for every dollar they give the federal government. Nearly all blue states get back less than one dollar for every dollar they give the federal government.

Just for your elucidation...............

The US Treasury (We the People) bought 30% of all of the State of Mexifornia's Bonds in the last year.

If the red states would just go ahead and secede, we could balance the budget, fix the economy and improve our image overseas all in one fell swoop.

I can seriously assure you that most of us would love to see you go.

Get ready for a huge influx of parasites as the "Red States" end government sponsored welfare.

Instead, we're stuck with uneducated, confederate Republicans who complain about having to fight with illegal immigrants for jobs. If they would only secede, they would BECOME the illegal immigrants.

That's me.

A dumb uneducated confederate hick.

Don't let the door hit you in the ass on the way out.