California shows how to balance budget

[Nova78]

Balancing your budget on federal handouts and higher taxes and fees ,no wonder businesses and people flee Cailf like the plague,Calif is nothing more than a welfare state.

 

[Sallow]

I'll believe California has a balanced budget when I see it.

Yeah, I'd like to see the state turn it around, especially so that they don't end up going hat in hand to Obama.

But I dunno, this one doesn't pass the smell test.

.

Why?

The same guy brought in a balanced budget to California back in the day.

Simple math too.

Cut spending, raise revenues.

 

[Zander]

I'll believe California has a balanced budget when I see it.

Yeah, I'd like to see the state turn it around, especially so that they don't end up going hat in hand to Obama.

But I dunno, this one doesn't pass the smell test.

.

Why?

The same guy brought in a balanced budget to California back in the day.

Simple math too.

Cut spending, raise revenues.

The CA budget is not balanced. Do you ever investigate anything on your own?

 

[Mac1958]

I'll believe California has a balanced budget when I see it.

Yeah, I'd like to see the state turn it around, especially so that they don't end up going hat in hand to Obama.

But I dunno, this one doesn't pass the smell test.

.

Why?

The same guy brought in a balanced budget to California back in the day.

Simple math too.

Cut spending, raise revenues.

Just a healthy (okay, maybe in my case unhealthy) cynicism. There's the tax that sunsets after seven years, I don't know whether the budget is done with static or dynamic scoring, and who knows what happens when some of those cuts take effect. Look at the inane Medicare "doc fix", where the numbers look okay when the budget comes out but then they realize that can't cut doc reimbursements like that.

I'd love to be wrong, we'll see in two or three years. Here's hoping.

.

 

[Missouri_Mike]

There is not a car assembly line left in California and New England

Guess again...

Tesla Motors | Premium Electric Vehicles

They just hit the benchmark of making 100 cars in a day up from 5 per day.

Well, isn't that special......I guess that makes up for the state now losing one of it's biggest employers, Chevron, who's pulling up stakes and fleeing this loony bin.

And now another huge employer, Intel, is chirping about fleeing this loony bin.

They aren't just chirping. The new plant they are building here in AZ is massive. I believe it begins going into production this year.

 

[bitterlyclingin]

Revenue collection is currently running 11 per cent behind what was projected. That's all right, the projected figures look good, so the anal fornicators are screaming "Spend! Spend! Spend! like there's no tomorrow" And when the numbers don't add up at the end of the year it'll simply be "Que sera, sera"
Everybody loves Kris Kringle, and if you prevent a Democrat from playing Santa Claus for even the slightest bit, he's got no raison d'etre.

How often can you sell the concept that "Surrender is good! Surrender is wise!" Chamberlain tried his hand at it for a bit, but history hasn't treated him that kindly. Once a buffoon, always a buffoon.

 

[Zander]

Yeah, I'd like to see the state turn it around, especially so that they don't end up going hat in hand to Obama.

But I dunno, this one doesn't pass the smell test.

.

Why?

The same guy brought in a balanced budget to California back in the day.

Simple math too.

Cut spending, raise revenues.

Just a healthy (okay, maybe in my case unhealthy) cynicism. There's the tax that sunsets after seven years, I don't know whether the budget is done with static or dynamic scoring, and who knows what happens when some of those cuts take effect. Look at the inane Medicare "doc fix", where the numbers look okay when the budget comes out but then they realize that can't cut doc reimbursements like that.

I'd love to be wrong, we'll see in two or three years. Here's hoping.

.

You don't have to wait. The budget is not balanced and will not be anytime soon. Assuming Moonbeam's overly rosy revenue projections hold (they won't) , the state will still have at least $2 billion deficit for 2013. Of course he's ready to increase spending by another 5% in advance of any reality........

 

[GoneBezerk]

They did asswipe, you are just too dumb to realize taxes went up on people making over $400K.

obamination wanted it to be $250K because he claims they are "rich."

Both of you are insane.

Perhaps the Op could explain to us how the dems in Congress and the President have suggested cuts?

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.

 

[Yurt]

see how its becomes absolutely NOTHING but silly personal insults once the facts abondon them?

PROOVE your assertion with FACTS assholes

Dr laffer is a partisan hack you asshole.

jesus what are you about 14 years old

yeah...funny how that works

 

[OKTexas]

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

Talk about a pie in the sky fluff piece, unwarranted optimism is dripping everywhere, where do they address the billions in unfunded pension liabilities? As usual Brown is all mouth with no real plan, remind you of anyone else?

 

[Soggy in NOLA]

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

Let me ask you a question, Oldguy and don't take it the wrong way! When you listen to Obama is that man smart and I don't want to call some other Presidents dumb? I think Clinton was the smartest modern President and I grew up since Truman. Nixon isn't far behind, but how smart is Obama? Obama definitely has a better personality, but it's hard to tell how smart they are.

I'm just asking your opinion.

I'll answer that.

Absolutely. President Obama is very, very smart. There is no question about it.

No, no he's not. Anybody that thinks like he thinks cannot be that smart because his ideology is one that has a zero success rate.

 

[Misty]

A person has to be somewhat well off or on welfare to live in california. There is no middle class. We are taxed at least 50% of our income.

The idiots who live here just voted to raise sales tax. So food gas and merchandise prices have all gone up.

Businesses are leaving here in droves.

This place is about to crash and burn.

 

[percysunshine]

There is excellent, inexpensive, beach front property in Zimbabwe.

 

[Dont Taz Me Bro]

Why?

The same guy brought in a balanced budget to California back in the day.

Simple math too.

Cut spending, raise revenues.

And just how much more revenue do you think the people of that state can afford to fork over? People have already started fleeing over the past decade. This is the first time since statehood California did not gain a Congressional seat after the Census. They've hit their peak and are now rolling down the other side of the hill. You can stick a fork in that state because it's done.

 

[bripat9643]

.

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.

.

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.

It's all pie-in-the-sky at this point. None of these changes have become law. Nor has an actual budget under these changes been completed.

 

[CrusaderFrank]

I'll believe California has a balanced budget when I see it.

Yeah, I'd like to see the state turn it around, especially so that they don't end up going hat in hand to Obama.

But I dunno, this one doesn't pass the smell test.

.

Why?

The same guy brought in a balanced budget to California back in the day.

Simple math too.

Cut spending, raise revenues.

Have Jerry Brown negotiate for Obama