California facing higher $16 billion shortfall

[RoadVirus]

Illegals aren't the problem.
The rich are.

Really? Do the rich cost the state $1 billion just in health care?

 

[Katzndogz]

Last time California raised taxes on the wealthy, 7,000 weallthy left the state in the first year. California is a liberal experiment. Is it possible to create a state composed of only the poor and still survive?

 

[CrusaderFrank]

"Meanwhile, (California) is struggling to meet its budget with a vastly shrunken tax base.

"What it needs is a new source of revenue, something that won’t squeeze consumers, homeowners, or local business.

"A state-owned bank can provide that opportunity. North Dakota, the one state that currently has its own bank, is the only state to be in continuous budget surplus since the banking crisis began.

"North Dakota’s balance sheet is so strong that it recently reduced individual income taxes and property taxes by a combined $400 million and is debating further cuts.

"It also has the lowest unemployment rate, lowest foreclosure rate and lowest credit card default rate in the country, and it hasn’t had a bank failure in at least the last decade."

North Dakota began doing business as the State Bank of North Dakota in 1919.
What makes you think California can't do at least as well?

CALIFORNIA LEGISLATURE PASSES BILL TO STUDY STATE-OWNED BANK « WEB OF DEBT BLOG

CA is too fucked up to have its own bank.

The Illegals need to move back to Mexico and the CA Progressives need to move to France, then, maybe in 10 years CA can THINK about having its own bank

Illegals aren't the problem.
The rich are.

"Revenues from the Bank of North Dakota (BND) have been a major boost to the state budget. The bank has contributed over $300 million in revenues over the last decade to state coffers, a substantial sum for a state with a population less than one-tenth the size of Los Angeles County.

"North Dakota is an oil state, but according to a study by the Center for State Innovation, from 2007 to 2009 the BND added nearly as much money to the state’s general fund as oil and gas tax revenues did. Over a 15-year period, according to other data, the BND has contributed more to the state budget than oil taxes have.

"North Dakota is a conservative red state..." California is much smarter.

CALIFORNIA LEGISLATURE PASSES BILL TO STUDY STATE-OWNED BANK « WEB OF DEBT BLOG

Progressives are the problem, Komrade. Your rich-hatred, redistributive economics have a 100% Fail Rate. You're failing in Europe and at the same time telling us what a great idea it is.

Fail

Fail

Fail

Fail

 

[Oldstyle]

Last time California raised taxes on the wealthy, 7,000 weallthy left the state in the first year. California is a liberal experiment. Is it possible to create a state composed of only the poor and still survive?

California progressives are counting on the Federal Government to bail them out.

It's kind of like Greece expecting Germany to always be there for them.

 

[Katzndogz]

California is a perfect example of how bad liberal policies can make it. Yet, the state is convinced that overspending, overtaxation and over regulation can actually work.

 

[CrusaderFrank]

California is a perfect example of how bad liberal policies can make it. Yet, the state is convinced that overspending, overtaxation and over regulation can actually work.

And it's Boooooosh's fault too

 

[georgephillip]

CA is too fucked up to have its own bank.

The Illegals need to move back to Mexico and the CA Progressives need to move to France, then, maybe in 10 years CA can THINK about having its own bank

Illegals aren't the problem.
The rich are.

"Revenues from the Bank of North Dakota (BND) have been a major boost to the state budget. The bank has contributed over $300 million in revenues over the last decade to state coffers, a substantial sum for a state with a population less than one-tenth the size of Los Angeles County.

"North Dakota is an oil state, but according to a study by the Center for State Innovation, from 2007 to 2009 the BND added nearly as much money to the state’s general fund as oil and gas tax revenues did. Over a 15-year period, according to other data, the BND has contributed more to the state budget than oil taxes have.

"North Dakota is a conservative red state..." California is much smarter.

CALIFORNIA LEGISLATURE PASSES BILL TO STUDY STATE-OWNED BANK « WEB OF DEBT BLOG

Progressives are the problem, Komrade. Your rich-hatred, redistributive economics have a 100% Fail Rate. You're failing in Europe and at the same time telling us what a great idea it is.

Fail

Fail

Fail

Fail

Which progressive collapsed Enron and Lehman Brothers?

Why do useful idiots on the right, aka conservatives, continually F-A-I-L to condemn corporate greed?

 

[CrusaderFrank]

Illegals aren't the problem.
The rich are.

"Revenues from the Bank of North Dakota (BND) have been a major boost to the state budget. The bank has contributed over $300 million in revenues over the last decade to state coffers, a substantial sum for a state with a population less than one-tenth the size of Los Angeles County.

"North Dakota is an oil state, but according to a study by the Center for State Innovation, from 2007 to 2009 the BND added nearly as much money to the state’s general fund as oil and gas tax revenues did. Over a 15-year period, according to other data, the BND has contributed more to the state budget than oil taxes have.

"North Dakota is a conservative red state..." California is much smarter.

CALIFORNIA LEGISLATURE PASSES BILL TO STUDY STATE-OWNED BANK « WEB OF DEBT BLOG

Progressives are the problem, Komrade. Your rich-hatred, redistributive economics have a 100% Fail Rate. You're failing in Europe and at the same time telling us what a great idea it is.

Fail

Fail

Fail

Fail

Which progressive collapsed Enron and Lehman Brothers?

Why do useful idiots on the right, aka conservatives, continually F-A-I-L to condemn corporate greed?

With free enterprise, when a business fails, that's all she wrote.

With Progressives economics, you just keep subsidizing it until the whole country goes broke.

See the difference?

 

[georgephillip]

Hank Paulson, Ken Lay, and Jaime Dimon were/are progressives, who knew?

The 1% are the reason this planet is going broke.

Maybe it's time for a wall of separation between the state and private wealth, or maybe private wealth has outlived its usefulness?

Maybe the nation state has too??

 

[Harry Dresden]

what happened to that lying sack of pus "Truth"?.....she makes a big deal telling me how Gov. Pete Wilson gutted all the State infrastructure projects while he was Governor,i show her a link about Measure M.....which was a MASSIVE Orange County Infrastructure project which lasted from 1991 to 2001 and the stupid fuck runs from the thread....once again.....what a piece unadulterated swill she is....then she wonders why she is so well liked around here.....

 

[Rozman]

I love seeing this....
What are you gonna do now
Gov.Flowerchild

 

[RoadVirus]

Last time California raised taxes on the wealthy, 7,000 weallthy left the state in the first year. California is a liberal experiment. Is it possible to create a state composed of only the poor and still survive?

California progressives are counting on the Federal Government to bail them out.

And if the GOP takes over the Senate and the White House come November, the answer will likely be "No".

 

[Katzndogz]

The bizarre part is that liberals actually believe that the pretty new train is infrastructure. It isn't. It won't help anyone or anything in California. Here's a solution. Solves the whole problem.

A bullet train from California to Las Vegas will primarily benefit the casinos. That's the only possible entity that could benefit. It won't bring business to the state, it won't help Californians get jobs. Most of the train won't even be in California. The solution is to let the casinos set up a specal fund to pay for it.

 

[TheGreatGatsby]

Last time California raised taxes on the wealthy, 7,000 weallthy left the state in the first year. California is a liberal experiment. Is it possible to create a state composed of only the poor and still survive?

California progressives are counting on the Federal Government to bail them out.

And if the GOP takes over the Senate and the White House come November, the answer will likely be "No".

It wasn't when Bush was in office.

 

[RoadVirus]

The bizarre part is that liberals actually believe that the pretty new train is infrastructure. It isn't. It won't help anyone or anything in California.

The California version of the Big Dig.

 

[starcraftzzz]

The bizarre part is that liberals actually believe that the pretty new train is infrastructure. It isn't. It won't help anyone or anything in California. Here's a solution. Solves the whole problem.

Environmental Law & Policy Center : Benefits of high speed rail
^Rail spending creates 1.7-2.5 dollars in benefits for every dollar spent.

High-Speed Rail Would Save Oil, Create Jobs, Study Finds
^High speed rail would create 55,000 jobs in Los Angeles 20,000 in Orlando, and 5,o00 new jobs in Albany.

 

[CrusaderFrank]

The Rail to nowhere

Spirit flies roundtrip LAX to LAS for $125, so $16B would buy 128 million tickets

Liberals are the biggest fucking morons on the planet

 

[Harry Dresden]

The bizarre part is that liberals actually believe that the pretty new train is infrastructure. It isn't. It won't help anyone or anything in California. Here's a solution. Solves the whole problem.

A bullet train from California to Las Vegas will primarily benefit the casinos. That's the only possible entity that could benefit. It won't bring business to the state, it won't help Californians get jobs. Most of the train won't even be in California. The solution is to let the casinos set up a specal fund to pay for it.

this train was shot down in the last election......i believe they are talking about another one connecting SF and OC....

 

[Oldstyle]

Yeah, let's spend billions on something that's impossible to protect from a terrorist attack and is a proven money pit at a time when we're dead broke. But let's NOT allow a pipeline to be built without government money that will not only create jobs but give us better insurance against trouble in the Middle East. Gotta love the rational thinking of progressives!

 

[starcraftzzz]

Yeah, let's spend billions on something that's impossible to protect from a terrorist attack and is a proven money pit at a time when we're dead broke. But let's NOT allow a pipeline to be built without government money that will not only create jobs but give us better insurance against trouble in the Middle East. Gotta love the rational thinking of progressives!

Yes putting oil into water and increasing pollution will definitely create jobs, not to mention we cant protect it from a terrorsts attack