California shows how to balance budget

[eflatminor]

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

Bullshit Oldguy. This budget makes the massively optimistic assumption that the recent tax rate hike will result in a huge increase in tax revenues. That has yet to be proven and as history shows, the exact opposite is often the case.

The ACTUAL budget report states "The state’s budget remains balanced only by a narrow margin. The 2012 Budget Act assumed and spent the revenue provided by Proposition 30." And if that revenue doesn't materialize?

The budget also ASSUMES a very rosy picture of economic growth, which is FAR from assured. It also ASSUMES very low interest rates to continue, which may or may not be the case.

The budget also does not account how to pay for the deficit in the state’s Unemployment nsurance Fund and the more than $100 billion in unfunded liabilities in retiree health and pension systems. That ain't going away!

Bottom line, this is an extremely optimistic budget that has yet to be proven. When California ACTUALLY balances a budget, you get back to us.

 

[Antares]

Thi a page out of the Clitnon hand book.

Type up a bunch of shit, throw it out to their idiot constituents and claim a "projected" " budget "surplus'.

Clinton NEVER had a surplus, he simply told everyone it was coming....ole Jerry learned from the master.

 

[Truthmatters]

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

Bullshit Oldguy. This budget makes the massively optimistic assumption that the recent tax rate hike will result in a huge increase in tax revenues. That has yet to be proven and as history shows, the exact opposite is often the case.
The ACTUAL budget report states "The state’s budget remains balanced only by a narrow margin. The 2012 Budget Act assumed and spent the revenue provided by Proposition 30." And if that revenue doesn't materialize?

The budget also ASSUMES a very rosy picture of economic growth, which is FAR from assured. It also ASSUMES very low interest rates to continue, which may or may not be the case.

The budget also does not account how to pay for the deficit in the state’s Unemployment nsurance Fund and the more than $100 billion in unfunded liabilities in retiree health and pension systems. That ain't going away!

Bottom line, this is an extremely optimistic budget that has yet to be proven. When California ACTUALLY balances a budget, you get back to us.

that is a flat out lie

 

[SniperFire]

California is the primer for how NOT to balance a fucking budget.



LOL

 

[Truthmatters]

Thi a page out of the Clitnon hand book.

Type up a bunch of shit, throw it out to their idiot constituents and claim a "projected" " budget "surplus'.

Clinton NEVER had a surplus, he simply told everyone it was coming....ole Jerry learned from the master.

yet another flat out lie.

 

[Antares]

I feel sorry for you, reality is not your strong suit.

Thi a page out of the Clitnon hand book.

Type up a bunch of shit, throw it out to their idiot constituents and claim a "projected" " budget "surplus'.

Clinton NEVER had a surplus, he simply told everyone it was coming....ole Jerry learned from the master.

yet another flat out lie.

 

[Truthmatters]

California Governor's budget has surprise: a surplus - US news - Environment | NBC News


Brown's budget plan projects $98.5 billion in revenues and transfers and plans spending of $97.7 billion, according to the proposal published on the state Department of Finance website.

That would leave a surplus of $851 million, in addition to a projected $785 million surplus for the current fiscal year, which ends in June, allowing the state to put $1 billion toward a rainy day fund. As recently as November, the state budget watchdog, the Legislative Analyst's Office, projected a $1.9 billion gap.

 

[Truthmatters]

FactCheck.org : The Budget and Deficit Under Clinton


Q: During the Clinton administration was the federal budget balanced? Was the federal deficit erased?

A: Yes to both questions, whether you count Social Security or not

 

[kwc57]

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.

Smart........but absolutely clueless.

 

[eflatminor]

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

Bullshit Oldguy. This budget makes the massively optimistic assumption that the recent tax rate hike will result in a huge increase in tax revenues. That has yet to be proven and as history shows, the exact opposite is often the case.
The ACTUAL budget report states "The state’s budget remains balanced only by a narrow margin. The 2012 Budget Act assumed and spent the revenue provided by Proposition 30." And if that revenue doesn't materialize?

The budget also ASSUMES a very rosy picture of economic growth, which is FAR from assured. It also ASSUMES very low interest rates to continue, which may or may not be the case.

The budget also does not account how to pay for the deficit in the state’s Unemployment nsurance Fund and the more than $100 billion in unfunded liabilities in retiree health and pension systems. That ain't going away!

Bottom line, this is an extremely optimistic budget that has yet to be proven. When California ACTUALLY balances a budget, you get back to us.

that is a flat out lie

Because you say so? But hey, I suppose you know more about economic trends than many prominent economists that have pointed out numerous times where higher rates resulted in less revenue. Dr Laffer is lying, but TM knows economics!

Crawl back in your fat ass hole troll.

 

[Truthmatters]

prove what you said is true asshole

 

[eflatminor]

California Governor's budget has surprise: a surplus - US news - Environment | NBC News


Brown's budget plan projects $98.5 billion in revenues and transfers and plans spending of $97.7 billion, according to the proposal published on the state Department of Finance website.

That would leave a surplus of $851 million, in addition to a projected $785 million surplus for the current fiscal year, which ends in June, allowing the state to put $1 billion toward a rainy day fund. As recently as November, the state budget watchdog, the Legislative Analyst's Office, projected a $1.9 billion gap.

PROJECTED dumbshit. I can project a lottery win this year. Doesn't mean it's going to happen. Troll.

 

[Truthmatters]

Its a fucking lie you moron

 

[Truthmatters]

California Governor's budget has surprise: a surplus - US news - Environment | NBC News


Brown's budget plan projects $98.5 billion in revenues and transfers and plans spending of $97.7 billion, according to the proposal published on the state Department of Finance website.

That would leave a surplus of $851 million, in addition to a projected $785 million surplus for the current fiscal year, which ends in June, allowing the state to put $1 billion toward a rainy day fund. As recently as November, the state budget watchdog, the Legislative Analyst's Office, projected a $1.9 billion gap.

PROJECTED dumbshit. I can project a lottery win this year. Doesn't mean it's going to happen. Troll.

JuneJunejune



It will be KNOWN as a fact in a couple of months you fucking idiot

 

[eflatminor]

Its a fucking lie you moron

Well, with overwhelming evidence like that, you must be correct...

 

[Claudette]

Bullshit Oldguy. This budget makes the massively optimistic assumption that the recent tax rate hike will result in a huge increase in tax revenues. That has yet to be proven and as history shows, the exact opposite is often the case.
The ACTUAL budget report states "The state’s budget remains balanced only by a narrow margin. The 2012 Budget Act assumed and spent the revenue provided by Proposition 30." And if that revenue doesn't materialize?

The budget also ASSUMES a very rosy picture of economic growth, which is FAR from assured. It also ASSUMES very low interest rates to continue, which may or may not be the case.

The budget also does not account how to pay for the deficit in the state’s Unemployment nsurance Fund and the more than $100 billion in unfunded liabilities in retiree health and pension systems. That ain't going away!

Bottom line, this is an extremely optimistic budget that has yet to be proven. When California ACTUALLY balances a budget, you get back to us.

that is a flat out lie

Because you say so? But hey, I suppose you know more about economic trends than many prominent economists that have pointed out numerous times where higher rates resulted in less revenue. Dr Laffer is lying, but TM knows economics!

Crawl back in your fat ass hole troll.

Not to mention the fact that the dumb ass actually MOVED BACK TO CALIFORNIA.

Shows what a clueless wonder she is.

 

[eflatminor]

California Governor's budget has surprise: a surplus - US news - Environment | NBC News


Brown's budget plan projects $98.5 billion in revenues and transfers and plans spending of $97.7 billion, according to the proposal published on the state Department of Finance website.

That would leave a surplus of $851 million, in addition to a projected $785 million surplus for the current fiscal year, which ends in June, allowing the state to put $1 billion toward a rainy day fund. As recently as November, the state budget watchdog, the Legislative Analyst's Office, projected a $1.9 billion gap.

PROJECTED dumbshit. I can project a lottery win this year. Doesn't mean it's going to happen. Troll.

JuneJunejune



It will be KNOWN as a fact in a couple of months you fucking idiot

Well then we'll see, won't we. Thanks for admitting is a PROJECTION, not an actual balanced budget.

 

[Truthmatters]

and why would they LIE about it when its a couple of months away?


You people will just LIE about it when it is money in the bank

 

[Truthmatters]

that is a flat out lie

Because you say so? But hey, I suppose you know more about economic trends than many prominent economists that have pointed out numerous times where higher rates resulted in less revenue. Dr Laffer is lying, but TM knows economics!

Crawl back in your fat ass hole troll.

Not to mention the fact that the dumb ass actually MOVED BACK TO CALIFORNIA.

Shows what a clueless wonder she is.

My state has a balenced budget does yours?

 

[eflatminor]

and why would they LIE about it when its a couple of months away?


You people will just LIE about it when it is money in the bank

Why would a politician lie. Really TM?