California shows how to balance budget

Discussion in 'Politics' started by Oldguy, Jan 11, 2013.

  1. Oldguy
    Offline

    Oldguy Senior Member

    Joined:
    Sep 25, 2012
    Messages:
    4,328
    Thanks Received:
    590
    Trophy Points:
    48
    Location:
    Texas
    Ratings:
    +592
    California, the favorite whipping boy for some Nutter's, is showing how to move from billions in deficit spending to a balanced budget with the prospect of surpluses in the near future. And that in just 2 years.

    How did Gov. Brown and the Democrat-controlled legislature do it so fast? Spending cuts, higher taxes and an improved economy, a three-pronged attack on the deficit. Unlike the mantra of the right which advocates only cuts in spending, the Governor and the Legislature realized it takes much more than that to produce a healthy economy and budget.

    Can California be a template for Washington? Not so long as the Nutter's in the House cling to their Grover Norquist pledge.




    http://www.nytimes.com/2013/01/11/u....html?nl=todaysheadlines&emc=edit_th_20130111
     
  2. Mac1958
    Offline

    Mac1958 Platinum Member

    Joined:
    Dec 8, 2011
    Messages:
    30,204
    Thanks Received:
    6,495
    Trophy Points:
    1,160
    Location:
    Independent Ave.
    Ratings:
    +20,451
    .

    Wow. I'd have a couple of questions based on one part of the Times story: "The change in fortunes reflected cuts that were imposed over the past two years, a temporary tax surcharge approved by voters in November that expires in seven years, and a general improvement in the state’s economy."

    ... How much is that "temporary tax surcharge", and what are the anticipated effects when that puppy drops off in seven years?

    ... Is his budget based on static scoring or dynamic scoring - in other words, does it account for negative effects of their increased taxes, or does it assume that there will be no negative effects?

    It's a surprise and a hopeful sign either way, at least in that the thought of having the feds bail out the whole freakin' state makes my blood boil. But that's too much government for my tastes.

    .
     
    • Thank You! Thank You! x 1
  3. RetiredGySgt
    Online

    RetiredGySgt Platinum Member

    Joined:
    May 6, 2007
    Messages:
    39,561
    Thanks Received:
    5,900
    Trophy Points:
    1,140
    Location:
    North Carolina
    Ratings:
    +8,977
    Perhaps the Op could explain to us how the dems in Congress and the President have suggested cuts?
     
  4. Oldguy
    Offline

    Oldguy Senior Member

    Joined:
    Sep 25, 2012
    Messages:
    4,328
    Thanks Received:
    590
    Trophy Points:
    48
    Location:
    Texas
    Ratings:
    +592

    Here's some more on the Governor's budget, but it doesn't specifically answer your questions.

    Through new budget, Brown maps out sweeping change in California - Los Angeles Times

    What strikes me the most about it is how it attacks the deficit on so many fronts simultaneously. Brown recognizes that there are no easy, quick fixes and that creating a healthy economy and budget takes action across the board.

    Of course, two things have to be noted:

    1. The projections about balancing the budget and future surpluses are from the Governor's office, which has an incentive to present the figures in the very best possible light. Others disagree with his conclusions, though apparently not by much.

    2. His party has a super-majority in both Houses of the Legislature, something Barack Obama does not have in Washington and which truly does hinder taking the myriad steps necessary to fix our national budget crisis. Brown isn't saddled with a bunch of Republican troglodytes who think the answer to every problem is to simply cut spending and nothing else.

    If California succeeds in this budget balancing effort, it will reveal the paucity of the GOP's economic policies and refute their constant assertion that Democrat = liberal =European style Socialism.
     
  5. Oldguy
    Offline

    Oldguy Senior Member

    Joined:
    Sep 25, 2012
    Messages:
    4,328
    Thanks Received:
    590
    Trophy Points:
    48
    Location:
    Texas
    Ratings:
    +592
    Perhaps you could explain to us how the GOP in the House has suggested increases in taxes.

    The point is that so long as the debate is about the GOP's either/or position of spending cuts and no new taxes, rather than a combination of many things, not much will get done in Washington. It's going to take talking seriously about everything before the nation can move forward, but the ideological recalcitrance of the Grover Norquist Republican's is short-circuiting the whole process.

    The President has repeatedly said nothing is off the table and he's offered nearly a trillion dollars in spending cuts, but the GOP isn't interested in negotiating with him.
     
  6. 007
    Offline

    007 Charter Member Supporting Member

    Joined:
    May 8, 2004
    Messages:
    38,546
    Thanks Received:
    7,903
    Trophy Points:
    1,130
    Ratings:
    +12,105
    Nothing but "PROJECTIONS." I'll believe a California surplus when it's real.

    Until then, this is just a dog and pony show.
     
  7. LoneLaugher
    Offline

    LoneLaugher Diamond Member

    Joined:
    Oct 3, 2011
    Messages:
    45,659
    Thanks Received:
    6,457
    Trophy Points:
    1,840
    Location:
    Inside Mac's Head
    Ratings:
    +18,456
    Again? You want this question answered again?

    If I answer it for you....again....wil you promise to never ask it again? Will you also take on the responsibility of answering it.....accurately.....whenever one of your intentionally obtuse friends asks it?

    Do we have a deal?
     
  8. Euroconservativ
    Offline

    Euroconservativ Member

    Joined:
    Dec 5, 2011
    Messages:
    385
    Thanks Received:
    32
    Trophy Points:
    16
    Ratings:
    +32
    California now "enjoys" a top marginal income tax rate of 50%
     
  9. Wry Catcher
    Offline

    Wry Catcher Platinum Member

    Joined:
    Aug 3, 2009
    Messages:
    31,762
    Thanks Received:
    4,242
    Trophy Points:
    1,160
    Location:
    San Francisco Bay Area
    Ratings:
    +8,162
    In other words you're experiencing cognitive dissonance and denial. As California goes, so goes the nation - When the Democrats hold a sufficient majority in the Congress, and the Senate changes some archaic rules, then and only then will our nation begin to fix its problems.

    The GOP, the party of wedge politics - gays, guns, abortion - and magical thinking have been exposed for what they are: incompetent and self serving bigots, Intolerant of any but white, Anglo-Saxon protestant males and focused on the past not the future.
     
    • Thank You! Thank You! x 1
  10. RetiredGySgt
    Online

    RetiredGySgt Platinum Member

    Joined:
    May 6, 2007
    Messages:
    39,561
    Thanks Received:
    5,900
    Trophy Points:
    1,140
    Location:
    North Carolina
    Ratings:
    +8,977
    Last I checked the House did in fact approve new taxes. Care to tell us where the cuts are?
     

Share This Page