California in the red by $127.2 billion, state auditors say

[Claudette]

Cali is in a deep hole and if they keep electing those Dem idiots to run the State those idiots will have that hole in China before long.

 

[AntonToo]

The deficit is 5 per cent of the state's GDP. ie, nothing...

To give you an example, US debt is over 100 per cent of the country's GDP

The difference is the government has the feds.. States don't, city's don't.

And I still want to know how Obama can blow over 9 trillion dollars..

On what?

I want to know why cats have two tails.

Why oh why?

(Cats have only one tail and Obama certainly did no such thing, his policy added up to about 1.5-2T of our debt accumulation, compared to 5T for W)

Numbers of the debt clock don't lie..

You don't know wtf you are talking about. Go read up on components of our deficits.

Obamacare walked into office with a 1.3 T deficit handed over to him, that's him spending?

But at least Trump will fix all that...with another round of tax cuts! YEY!

 

[Toddsterpatriot]

The deficit is 5 per cent of the state's GDP. ie, nothing...

To give you an example, US debt is over 100 per cent of the country's GDP

The difference is the government has the feds.. States don't, city's don't.

And I still want to know how Obama can blow over 9 trillion dollars..

On what?

I want to know why cats have two tails.

Why oh why?

(Cats have only one tail and Obama certainly did no such thing, his policy added up to about 1.5-2T of our debt accumulation, compared to 5T for W)

Numbers of the debt clock don't lie..

You don't know wtf you are talking about. Go read up on components of our deficits.

Obamacare walked into office with a 1.3 T deficit handed over to him, that's him spending?

But at least Trump will fix all that...with another round of tax cuts! YEY!

Poor Obama, smartest President ever, but Bush made him spend more than he wanted to....because when you think of Obama, the first thing you think is FRUGAL.

DERP!

 

[AntonToo]

The deficit is 5 per cent of the state's GDP. ie, nothing...

To give you an example, US debt is over 100 per cent of the country's GDP

The difference is the government has the feds.. States don't, city's don't.

And I still want to know how Obama can blow over 9 trillion dollars..

On what?

I want to know why cats have two tails.

Why oh why?

(Cats have only one tail and Obama certainly did no such thing, his policy added up to about 1.5-2T of our debt accumulation, compared to 5T for W)

Numbers of the debt clock don't lie..

You don't know wtf you are talking about. Go read up on components of our deficits.

Obamacare walked into office with a 1.3 T deficit handed over to him, that's him spending?

But at least Trump will fix all that...with another round of tax cuts! YEY!

Poor Obama, smartest President ever, but Bush made him spend more than he wanted to....because when you think of Obama, the first thing you think is FRUGAL.

DERP!

Is there a counter argument in there somewhere beyond stupid deflections?

There were revenue shortfalls and spending backed into the budget without Obama doing anything. To characterize it as HIS spending is absolutely ludicrous.

 

[Toddsterpatriot]

The difference is the government has the feds.. States don't, city's don't.

And I still want to know how Obama can blow over 9 trillion dollars..

On what?

I want to know why cats have two tails.

Why oh why?

(Cats have only one tail and Obama certainly did no such thing, his policy added up to about 1.5-2T of our debt accumulation, compared to 5T for W)

Numbers of the debt clock don't lie..

You don't know wtf you are talking about. Go read up on components of our deficits.

Obamacare walked into office with a 1.3 T deficit handed over to him, that's him spending?

But at least Trump will fix all that...with another round of tax cuts! YEY!

Poor Obama, smartest President ever, but Bush made him spend more than he wanted to....because when you think of Obama, the first thing you think is FRUGAL.

DERP!

Is there a counter argument in there somewhere beyond stupid deflections?

There were revenue shortfalls and spending backed into the budget without Obama doing anything. To characterize it as HIS spending is absolutely ludicrous.

Did Bush force Obama to spend more than he wished?
Did Bush force Obama to tax less than he wished?

Is he responsible for anything that occurred during his 8 years, or is he just a helpless observer?

 

[danielpalos]

We are blue States, we honor our debts.

So you'll be screwing your retirees, eh comrade?

only red States, do that; eh komissar.

A State can't go bankrupt it's illegal or the blue state of Illinois would of done it.. You do know cities of California declared for bankruptcy right?

we recently legalized pot. we expect around a billion a year in California. local governments can also tax it.

It'll just be cheaper to buy it on the black market, and I suspect most will. No taxes, no revenue

black market prices are higher.

 

[buckeye45_73]

we expect around a billion a year in pot revenue.

And you'll still be 2 Billion a year in the hole giving everything to everyone in your Liberal Dystopia.

Why doesn't California do The United States a favor and cede from The Union?

Let them fund their own Liberal "Paradise" like Cuba did.

They are net drain on our resources.

We are blue States, we honor our debts.

So you'll be screwing your retirees, eh comrade?

only red States, do that; eh komissar.

So whats the plan, a pot smoking mandate?

 

[rdean]

Wealth distribution always ends up the same way, a tangled mess of unsustainable debt fueled by government and bureaucratic waste.

The report says that the state’s negative status increased that year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated.

Gov. Jerry Brown has referred to the deficit and other budget gaps, mostly money owed to schools, as a “wall of debt” totaling more than $30 billion, the Sacramento Bee reported.

California in the red by $127.2 billion, state auditors say

The proposed solution will, of course, be predictable. Raise more taxes!

I know, right?

The US Budget deficit was nearly zero under Bill Clinton. Then George Bush and the GOP redistributed the wealth of the nation upward to the top 1%. That was the beginning of the Great Deficit. And the damage they caused continues to this day.

 

[Dont Taz Me Bro]

Wealth distribution always ends up the same way, a tangled mess of unsustainable debt fueled by government and bureaucratic waste.

The report says that the state’s negative status increased that year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated.

Gov. Jerry Brown has referred to the deficit and other budget gaps, mostly money owed to schools, as a “wall of debt” totaling more than $30 billion, the Sacramento Bee reported.

California in the red by $127.2 billion, state auditors say

The proposed solution will, of course, be predictable. Raise more taxes!

I know, right?

The US Budget deficit was nearly zero under Bill Clinton. Then George Bush and the GOP redistributed the wealth of the nation upward to the top 1%. That was the beginning of the Great Deficit. And the damage they caused continues to this day.

Not sure what the federal deficit has to do with California mismanaging their state, but I'm sure in your Nickelodeon mind it is somehow relative.

 

[Soggy in NOLA]

Wealth distribution always ends up the same way, a tangled mess of unsustainable debt fueled by government and bureaucratic waste.

The report says that the state’s negative status increased that year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated.

Gov. Jerry Brown has referred to the deficit and other budget gaps, mostly money owed to schools, as a “wall of debt” totaling more than $30 billion, the Sacramento Bee reported.

California in the red by $127.2 billion, state auditors say

The proposed solution will, of course, be predictable. Raise more taxes!

I know, right?

The US Budget deficit was nearly zero under Bill Clinton. Then George Bush and the GOP redistributed the wealth of the nation upward to the top 1%. That was the beginning of the Great Deficit. And the damage they caused continues to this day.

Boooooshhhhhhhhh!!!!!!!

Gotta love you some Rderp.

 

[Toddsterpatriot]

Wealth distribution always ends up the same way, a tangled mess of unsustainable debt fueled by government and bureaucratic waste.

The report says that the state’s negative status increased that year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated.

Gov. Jerry Brown has referred to the deficit and other budget gaps, mostly money owed to schools, as a “wall of debt” totaling more than $30 billion, the Sacramento Bee reported.

California in the red by $127.2 billion, state auditors say

The proposed solution will, of course, be predictable. Raise more taxes!

I know, right?

The US Budget deficit was nearly zero under Bill Clinton. Then George Bush and the GOP redistributed the wealth of the nation upward to the top 1%. That was the beginning of the Great Deficit. And the damage they caused continues to this day.

The US Budget deficit was nearly zero under Bill Clinton.

Internet bubbles are cool! If only they could continue forever.......

Then George Bush and the GOP redistributed the wealth of the nation upward to the top 1%.

Tax cuts for all do that?
What was the rate cut for those pesky 1%ers?

 

[danielpalos]

we expect around a billion a year in pot revenue.

And you'll still be 2 Billion a year in the hole giving everything to everyone in your Liberal Dystopia.

Why doesn't California do The United States a favor and cede from The Union?

Let them fund their own Liberal "Paradise" like Cuba did.

They are net drain on our resources.

We are blue States, we honor our debts.

So you'll be screwing your retirees, eh comrade?

only red States, do that; eh komissar.

So whats the plan, a pot smoking mandate?

potheads don't mind paying pothead taxes.

 

[charwin95]

Wealth distribution always ends up the same way, a tangled mess of unsustainable debt fueled by government and bureaucratic waste.

The report says that the state’s negative status increased that year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated.

Gov. Jerry Brown has referred to the deficit and other budget gaps, mostly money owed to schools, as a “wall of debt” totaling more than $30 billion, the Sacramento Bee reported.

California in the red by $127.2 billion, state auditors say

The proposed solution will, of course, be predictable. Raise more taxes!

It's gonna get a lot worse when Congress starts pulling federal funding.

Is that mean we can also stop paying federal taxes?

 

[OnePercenter]

Wealth distribution always ends up the same way, a tangled mess of unsustainable debt fueled by government and bureaucratic waste.

The report says that the state’s negative status increased that year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated.

Gov. Jerry Brown has referred to the deficit and other budget gaps, mostly money owed to schools, as a “wall of debt” totaling more than $30 billion, the Sacramento Bee reported.

California in the red by $127.2 billion, state auditors say

The proposed solution will, of course, be predictable. Raise more taxes!

If middle class workers were making a livable wage there wouldn't be a deficit.

 

[Toddsterpatriot]

Wealth distribution always ends up the same way, a tangled mess of unsustainable debt fueled by government and bureaucratic waste.

The report says that the state’s negative status increased that year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated.

Gov. Jerry Brown has referred to the deficit and other budget gaps, mostly money owed to schools, as a “wall of debt” totaling more than $30 billion, the Sacramento Bee reported.

California in the red by $127.2 billion, state auditors say

The proposed solution will, of course, be predictable. Raise more taxes!

If middle class workers were making a livable wage there wouldn't be a deficit.

What's the income range that makes up "middle class"?

 

[Doc1]

Wealth distribution always ends up the same way, a tangled mess of unsustainable debt fueled by government and bureaucratic waste.

The report says that the state’s negative status increased that year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated.

Gov. Jerry Brown has referred to the deficit and other budget gaps, mostly money owed to schools, as a “wall of debt” totaling more than $30 billion, the Sacramento Bee reported.

California in the red by $127.2 billion, state auditors say

The proposed solution will, of course, be predictable. Raise more taxes!

I know, right?

The US Budget deficit was nearly zero under Bill Clinton. Then George Bush and the GOP redistributed the wealth of the nation upward to the top 1%. That was the beginning of the Great Deficit. And the damage they caused continues to this day.

The US Budget deficit was nearly zero under Bill Clinton.

Internet bubbles are cool! If only they could continue forever.......

Then George Bush and the GOP redistributed the wealth of the nation upward to the top 1%.

Tax cuts for all do that?
What was the rate cut for those pesky 1%ers?

rdean is too stupid (and probably not old enough) to know that the reality was that it was a "projected balanced" budget. He's also too partisan to understand that it was the Republicans who put that budget together.

 

[danielpalos]

Wealth distribution always ends up the same way, a tangled mess of unsustainable debt fueled by government and bureaucratic waste.

The report says that the state’s negative status increased that year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated.

Gov. Jerry Brown has referred to the deficit and other budget gaps, mostly money owed to schools, as a “wall of debt” totaling more than $30 billion, the Sacramento Bee reported.

California in the red by $127.2 billion, state auditors say

The proposed solution will, of course, be predictable. Raise more taxes!

If middle class workers were making a livable wage there wouldn't be a deficit.

What's the income range that makes up "middle class"?

it is about the law of large numbers.

 

[danielpalos]

Wealth distribution always ends up the same way, a tangled mess of unsustainable debt fueled by government and bureaucratic waste.

The report says that the state’s negative status increased that year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated.

Gov. Jerry Brown has referred to the deficit and other budget gaps, mostly money owed to schools, as a “wall of debt” totaling more than $30 billion, the Sacramento Bee reported.

California in the red by $127.2 billion, state auditors say

The proposed solution will, of course, be predictable. Raise more taxes!

I know, right?

The US Budget deficit was nearly zero under Bill Clinton. Then George Bush and the GOP redistributed the wealth of the nation upward to the top 1%. That was the beginning of the Great Deficit. And the damage they caused continues to this day.

The US Budget deficit was nearly zero under Bill Clinton.

Internet bubbles are cool! If only they could continue forever.......

Then George Bush and the GOP redistributed the wealth of the nation upward to the top 1%.

Tax cuts for all do that?
What was the rate cut for those pesky 1%ers?

rdean is too stupid (and probably not old enough) to know that the reality was that it was a "projected balanced" budget. He's also too partisan to understand that it was the Republicans who put that budget together.

According to the Congressional Budget Office, between 1979 and 2007 incomes of the top 1% of Americans grew by an average of 275%. During the same time period, the 60% of Americans in the middle of the income scale saw their income rise by 40%. From 1992-2007 the top 400 income earners in the U.S. saw their income increase 392% and their average tax rate reduced by 37%.[14]

In 2009, the average income of the top 1% was $960,000 with a minimum income of $343,927.[15][16][17] During the economic expansion between 2002 and 2007, the income of the top 1% grew 10 times faster than the income of the bottom 90%. In this period 66% of total income gains went to the 1%, who in 2007 had a larger share of total income than at any time since 1928.--https://en.wikipedia.org/wiki/Wealth_in_the_United_States#Changes_in_wealth_after_2007

 

[Doc1]

Wealth distribution always ends up the same way, a tangled mess of unsustainable debt fueled by government and bureaucratic waste.

The report says that the state’s negative status increased that year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated.

Gov. Jerry Brown has referred to the deficit and other budget gaps, mostly money owed to schools, as a “wall of debt” totaling more than $30 billion, the Sacramento Bee reported.

California in the red by $127.2 billion, state auditors say

The proposed solution will, of course, be predictable. Raise more taxes!

I know, right?

The US Budget deficit was nearly zero under Bill Clinton. Then George Bush and the GOP redistributed the wealth of the nation upward to the top 1%. That was the beginning of the Great Deficit. And the damage they caused continues to this day.

The US Budget deficit was nearly zero under Bill Clinton.

Internet bubbles are cool! If only they could continue forever.......

Then George Bush and the GOP redistributed the wealth of the nation upward to the top 1%.

Tax cuts for all do that?
What was the rate cut for those pesky 1%ers?

rdean is too stupid (and probably not old enough) to know that the reality was that it was a "projected balanced" budget. He's also too partisan to understand that it was the Republicans who put that budget together.

According to the Congressional Budget Office, between 1979 and 2007 incomes of the top 1% of Americans grew by an average of 275%. During the same time period, the 60% of Americans in the middle of the income scale saw their income rise by 40%. From 1992-2007 the top 400 income earners in the U.S. saw their income increase 392% and their average tax rate reduced by 37%.[14]

In 2009, the average income of the top 1% was $960,000 with a minimum income of $343,927.[15][16][17] During the economic expansion between 2002 and 2007, the income of the top 1% grew 10 times faster than the income of the bottom 90%. In this period 66% of total income gains went to the 1%, who in 2007 had a larger share of total income than at any time since 1928.--https://en.wikipedia.org/wiki/Wealth_in_the_United_States#Changes_in_wealth_after_2007

Uh sure, that had what to do with my post?

 

[Doc1]

Also I don't cry about how much anybody else makes.