California in the red by $127.2 billion, state auditors say

Dont Taz Me Bro

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Wealth distribution always ends up the same way, a tangled mess of unsustainable debt fueled by government and bureaucratic waste.

The report says that the state’s negative status increased that year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated.

Gov. Jerry Brown has referred to the deficit and other budget gaps, mostly money owed to schools, as a “wall of debt” totaling more than $30 billion, the Sacramento Bee reported.

California in the red by $127.2 billion, state auditors say

The proposed solution will, of course, be predictable. Raise more taxes! :laugh::laugh::laugh:
 
How did that happen I thought just a month ago you guys were in the black, minus like a half a trillion in unfunded pensions?
 
Wealth distribution always ends up the same way, a tangled mess of unsustainable debt fueled by government and bureaucratic waste.

The report says that the state’s negative status increased that year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated.

Gov. Jerry Brown has referred to the deficit and other budget gaps, mostly money owed to schools, as a “wall of debt” totaling more than $30 billion, the Sacramento Bee reported.

California in the red by $127.2 billion, state auditors say

The proposed solution will, of course, be predictable. Raise more taxes! :laugh::laugh::laugh:
Yup; potheads, to the rescue!
 
Californicator pensions recently predicted to go under in ten years. It'll be sooner if they declare themselves a sanctuary state and fed funds get cut.
 
Incidentally this is why they want more Federal Dollars for illegal aliens.

Their Sanctuary City Agenda and Liberal Politics are making the state go broke.

And so what do they do? Double down on stupid and expect the rest of us to send more tax dollars to fund their idiocy.
 
we expect around a billion a year in pot revenue.
And you'll still be 2 Billion a year in the hole giving everything to everyone in your Liberal Dystopia.

Why doesn't California do The United States a favor and cede from The Union?

Let them fund their own Liberal "Paradise" like Cuba did.

They are net drain on our resources.
 
Wealth distribution always ends up the same way, a tangled mess of unsustainable debt fueled by government and bureaucratic waste.

The report says that the state’s negative status increased that year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated.

Gov. Jerry Brown has referred to the deficit and other budget gaps, mostly money owed to schools, as a “wall of debt” totaling more than $30 billion, the Sacramento Bee reported.

California in the red by $127.2 billion, state auditors say

The proposed solution will, of course, be predictable. Raise more taxes! :laugh::laugh::laugh:

They just need to waste $10s of billions on a high speed train that no one will ever ride.
That'll fix them right up. And more illegal aliens. Yup! Easy peasy.
 
Wealth distribution always ends up the same way, a tangled mess of unsustainable debt fueled by government and bureaucratic waste.

The report says that the state’s negative status increased that year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated.

Gov. Jerry Brown has referred to the deficit and other budget gaps, mostly money owed to schools, as a “wall of debt” totaling more than $30 billion, the Sacramento Bee reported.

California in the red by $127.2 billion, state auditors say

The proposed solution will, of course, be predictable. Raise more taxes! :laugh::laugh::laugh:

They just need to waste $10s of billions on a high speed train that no one will ever ride.
That'll fix them right up. And more illegal aliens. Yup! Easy peasy.

Because SO many people NEED that train from Bakersfield to Fresno.
 
we expect around a billion a year in pot revenue.
And you'll still be 2 Billion a year in the hole giving everything to everyone in your Liberal Dystopia.

Why doesn't California do The United States a favor and cede from The Union?

Let them fund their own Liberal "Paradise" like Cuba did.

They are net drain on our resources.
We are blue States, we honor our debts.
 
we expect around a billion a year in pot revenue.
And you'll still be 2 Billion a year in the hole giving everything to everyone in your Liberal Dystopia.

Why doesn't California do The United States a favor and cede from The Union?

Let them fund their own Liberal "Paradise" like Cuba did.

They are net drain on our resources.
We are blue States, we honor our debts.

So you'll be screwing your retirees, eh comrade?
 
we expect around a billion a year in pot revenue.
And you'll still be 2 Billion a year in the hole giving everything to everyone in your Liberal Dystopia.

Why doesn't California do The United States a favor and cede from The Union?

Let them fund their own Liberal "Paradise" like Cuba did.

They are net drain on our resources.
We are blue States, we honor our debts.

So you'll be screwing your retirees, eh comrade?
only red States, do that; eh komissar.
 
Want to hear something scary? The small province of Ontario has over $315 BILLION in debt, with a fraction of the population California has and a minute amount of business. The most indebted sub borrowing jurisdiction in the world by the way.

Canada's National Debt Clock : The Canadian Taxpayers Federation

Ontario and Quebec are single handedly dragging Canada into the abyss while offering little innovation.
 
we expect around a billion a year in pot revenue.
And you'll still be 2 Billion a year in the hole giving everything to everyone in your Liberal Dystopia.

Why doesn't California do The United States a favor and cede from The Union?

Let them fund their own Liberal "Paradise" like Cuba did.

They are net drain on our resources.
We are blue States, we honor our debts.

So you'll be screwing your retirees, eh comrade?
only red States, do that; eh komissar.


A State can't go bankrupt it's illegal or the blue state of Illinois would of done it.. You do know cities of California declared for bankruptcy right?
 
we expect around a billion a year in pot revenue.
And you'll still be 2 Billion a year in the hole giving everything to everyone in your Liberal Dystopia.

Why doesn't California do The United States a favor and cede from The Union?

Let them fund their own Liberal "Paradise" like Cuba did.

They are net drain on our resources.
We are blue States, we honor our debts.

So you'll be screwing your retirees, eh comrade?
only red States, do that; eh komissar.


A State can't go bankrupt it's illegal or the blue state of Illinois would of done it.. You do know cities of California declared for bankruptcy right?
we recently legalized pot. we expect around a billion a year in California. local governments can also tax it.
 
And you'll still be 2 Billion a year in the hole giving everything to everyone in your Liberal Dystopia.

Why doesn't California do The United States a favor and cede from The Union?

Let them fund their own Liberal "Paradise" like Cuba did.

They are net drain on our resources.
We are blue States, we honor our debts.

So you'll be screwing your retirees, eh comrade?
only red States, do that; eh komissar.


A State can't go bankrupt it's illegal or the blue state of Illinois would of done it.. You do know cities of California declared for bankruptcy right?
we recently legalized pot. we expect around a billion a year in California. local governments can also tax it.


You do know your violating a federal law right?

.
 
We are blue States, we honor our debts.

So you'll be screwing your retirees, eh comrade?
only red States, do that; eh komissar.


A State can't go bankrupt it's illegal or the blue state of Illinois would of done it.. You do know cities of California declared for bankruptcy right?
we recently legalized pot. we expect around a billion a year in California. local governments can also tax it.


You do know your violating a federal law right?

.
nope; our federales are violating Due Process and our natural rights. and, wasting our tax monies. only the national socialist right wing, doesn't have a problem with.
 
And you'll still be 2 Billion a year in the hole giving everything to everyone in your Liberal Dystopia.

Why doesn't California do The United States a favor and cede from The Union?

Let them fund their own Liberal "Paradise" like Cuba did.

They are net drain on our resources.
We are blue States, we honor our debts.

So you'll be screwing your retirees, eh comrade?
only red States, do that; eh komissar.


A State can't go bankrupt it's illegal or the blue state of Illinois would of done it.. You do know cities of California declared for bankruptcy right?
we recently legalized pot. we expect around a billion a year in California. local governments can also tax it.

It'll just be cheaper to buy it on the black market, and I suspect most will. No taxes, no revenue
 

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