California facing higher $16 billion shortfall

Discussion in 'Economy' started by Annie, May 12, 2012.

  1. Annie
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    Annie Diamond Member

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    I'm pulling for CA!

    Gov. Jerry Brown says California facing higher-than-expected $16 billion budget shortfall - The Washington Post

     
  2. syrenn
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    syrenn BANNED

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    What is killing this state is the illegals and entitlements!!!
     
  3. Harry Dresden
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    Harry Dresden Adamantium Member Supporting Member

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    its Arnold's fault.....didnt you know?.....
     
  4. Clementine
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    Clementine Platinum Member Supporting Member

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    Here's what liberals can do for the whole country. Love the comments after the article. California has more illegal aliens than any other state and they offer them a lot of entitlements. I think California's new motto should be the "IOU State."


    California facing higher $16 billion shortfall
    California facing higher $16 billion shortfall - Yahoo! News
     
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  5. Trajan
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    Trajan conscientia mille testes

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    The Democratic governor said the shortfall grew from $9.2 billion in January in part because tax collections have not come in as high as expected and the economy isn't growing as fast as hoped for. The deficit has also risen because lawsuits and federal requirements have blocked billions of dollars in state cuts.



    they have been banking n that facebook IPO, it cannot come quick enough..



    The new plan for the fiscal year that starts July 1 hinges in large part on voters approving higher taxes.

    The governor has said those tax increases are needed to help pull the state out of a crippling decade shaped by the collapse of the housing market and recession. Without them, he warned, public schools and colleges, and public safety, will suffer deeper cuts.




    bullshit, its due to gray davis, the useless Arnold, a democratic leg. and 15 years of bonds issues, entitlement growth, public employee union rape etc..spending ahead of pop growth and of course income and chasing biz's out of here....good luck on the tax hikes, aint happening.You will notice the lack of entitlement reform;)



    bullshit again, this funding for schools is to help fund a huge lumps payment the teachers pension fund...
     
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  6. Oldstyle
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    Oldstyle Gold Member

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    Californians deserve what they get. They could have voted in a conservative and gotten some fiscal sanity restored to the State but they chose to vote in Democrats instead.

    Contrast their 16 billion dollar shortfall with Wisconsin...who in just two years under Scott Walker has gone from a 3 billion dollar deficit to a projected surplus. Maybe Cali can "rent" Walker to come in and fix things for them too?
     
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  7. Political Junky
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    Political Junky Gold Member

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    We know you hate California, but please stop visiting.
     
  8. C_Clayton_Jones
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    C_Clayton_Jones Diamond Member

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    Once again, the consequence of the state’s lawmakers abdicating their legislative authority to set taxing policy to the voters.
     
  9. Trajan
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    Trajan conscientia mille testes

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    whatever that means....:rolleyes:
     
  10. francoHFW
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    francoHFW Diamond Member

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    Tyvm, Pub gov't by referendum...idiocy...
     

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