California to be broke in 2 months...

Discussion in 'Economy' started by KMAN, Dec 23, 2008.

  1. KMAN
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    KMAN Senior Member

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    Hello!!!!!!! It's not that hard of a solution!!!!

    Just raise the tax rates for people making over $1 mill a year to 70%. Isn't that what Obama is pledging will save the country... If it's good for the country shouldn't it be good for California?


    Official says Calif. could be broke in 2 months
     
  2. Tech_Esq
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    Tech_Esq Sic Semper Tyrannis!

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    Why not raise them to 100%? And, if they have been a millionaire for over five years, raise them to 105%.

    If a little taxing is good, a lot is better right?
     
  3. Toro
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    Toro Diamond Member

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  4. editec
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    editec Mr. Forgot-it-All

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    California is hardly the only state in trouble.

    Why can't they borrow the money as they typically did to pay their bills?

    Becuase the banks aren't lending money to the State of California?

    Why not?

    That's how business had always been conducted.

    The liquidity crises is effectly governments and businesses which typically borrowed money on a regular basis.

    It will effect us ALL sooner or later if Obama cannot reliquify our economic system fairly soon.
     
  5. bk1983
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    bk1983 Off too Kuwait..

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    If Ahhnold wants to really help California he can start by announcing his resignation..
     
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  6. WillowTree
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    WillowTree Diamond Member

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    Probably cause they know Caleeeefornia is unlikely to pay it back. The entitlements bestowed upon the rather large population of illegals is plunging them into a projected 42B dollar deficit. Hell I wouldn't lend them any money either. That's just crazy.
    s
     
  7. KMAN
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    KMAN Senior Member

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    You are exactly right! That's what got us into this mess in the first place... Banks leding to people who couldn't pay them back!
     
  8. WillowTree
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    WillowTree Diamond Member

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    The Govenor is one man. The rest of the idiots out there are Democrats.
     
  9. bk1983
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    bk1983 Off too Kuwait..

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    Nice deflection of responsibility.. You have become so good at it..
     
  10. WillowTree
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    WillowTree Diamond Member

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    Thank You. You know he sleeps with a Kennedy?
     

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