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

[danielpalos]

He's also too partisan to understand that it was the Republicans who put that budget together.

 

[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.

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

Any worker that doesn't qualify for itemized deductions on their federal form.

 

[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"?

Any worker that doesn't qualify for itemized deductions on their federal form.

What's the income range?

 

[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.

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

Any worker that doesn't qualify for itemized deductions on their federal form.

What's the income range?

Any worker that doesn't qualify for itemized deductions on their federal form.

 

[Toddsterpatriot]

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

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"?

Any worker that doesn't qualify for itemized deductions on their federal form.

What's the income range?

Any worker that doesn't qualify for itemized deductions on their federal form.

Anyone in 2015 that made less than $309,900 filing jointly is middle class?
The middle class is 97% of the population?

 

[OnePercenter]

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"?

Any worker that doesn't qualify for itemized deductions on their federal form.

What's the income range?

Any worker that doesn't qualify for itemized deductions on their federal form.

Anyone in 2015 that made less than $309,900 filing jointly is middle class?
The middle class is 97% of the population?

Someone that makes $100k CAN'T file itemized deductions? Really?

 

[Dschrute3]

It's rapidly going the way of other miserable Communist/Socialist failures like Venezuela. How long before it starts demanding a Bailout? Personally, i won't support giving it a penny of Federal money. Its 'Sanctuary' policies are despicable. California shouldn't receive Federal funds at all. Period, end of story.

 

[Dschrute3]

Winston Churchill nailed Communism/Socialism Spot On many years ago...

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery."

 

[OnePercenter]

It's rapidly going the way of other miserable Communist/Socialist failures like Venezuela. How long before it starts demanding a Bailout? Personally, i won't support giving it a penny of Federal money. Its 'Sanctuary' policies are despicable. California shouldn't receive Federal funds at all. Period, end of story.

California beats Canada for GDP and population. They must be doing something right.

 

[Dschrute3]

It's rapidly going the way of other miserable Communist/Socialist failures like Venezuela. How long before it starts demanding a Bailout? Personally, i won't support giving it a penny of Federal money. Its 'Sanctuary' policies are despicable. California shouldn't receive Federal funds at all. Period, end of story.

California beats Canada for GDP and population. They must be doing something right.

It'll be demanding a Bailout at some point. It's a sad catastrophe. And i will not support bailing it out with Federal money.

 

[OnePercenter]

Winston Churchill nailed Communism/Socialism Spot On many years ago...

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery."

Socialist ideals have supported you everyday since you were born.

 

[OnePercenter]

It's rapidly going the way of other miserable Communist/Socialist failures like Venezuela. How long before it starts demanding a Bailout? Personally, i won't support giving it a penny of Federal money. Its 'Sanctuary' policies are despicable. California shouldn't receive Federal funds at all. Period, end of story.

California beats Canada for GDP and population. They must be doing something right.

It'll be demanding a Bailout at some point. It's a sad catastrophe. And i will not support bailing it out with Federal money.

The majority of red States have received federal bailouts for decades. Why don't you include them in your diatribe?

 

[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 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"?

Any worker that doesn't qualify for itemized deductions on their federal form.

What's the income range?

Any worker that doesn't qualify for itemized deductions on their federal form.

He asked you for an income range. Can't you answer the question?

 

[Dschrute3]

It's rapidly going the way of other miserable Communist/Socialist failures like Venezuela. How long before it starts demanding a Bailout? Personally, i won't support giving it a penny of Federal money. Its 'Sanctuary' policies are despicable. California shouldn't receive Federal funds at all. Period, end of story.

California beats Canada for GDP and population. They must be doing something right.

It'll be demanding a Bailout at some point. It's a sad catastrophe. And i will not support bailing it out with Federal money.

The majority of red States have received federal bailouts for decades. Why don't you include them in your diatribe?

Any State declaring itself a 'Sanctuary State', should no longer receive Federal money at all.

 

[imawhosure]

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 is and it is already been passed by the voters:

"Last November, voters passed an increase in sales and income taxes that Brown says will balance the state's operating budget and allow the debt wall to be gradually dismantled."

Read more here: Capitol Alert: State auditor: California's net worth at negative $127.2 billion - sacbee.com

Anywhere else and this story might have a tragic ending but when you have one of the leading economies in the world it does make the task a bit easier.

Ummmmm, why don't you tell all these nice people how many times in the last 10 years California has raised taxes and promised its citizens that it would save them, lololol! You gotta love a leftist narrative, especially when it has been a broken record for 10 years.

WHAT SHOULD WE DO-------> Inneeee beanie-chilly-beanie, Karnak the magnificent says, SUCRAMENTO should raise taxes, 5 times, then tell the people the same thing again........because SUCKREMENTOINS, and most leftie libs, have bad memories, hehehehehehehehehehehehehehehehehe!

 

[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"?

Any worker that doesn't qualify for itemized deductions on their federal form.

Married filing jointly with income over $309,900 can't itemize.

So what income range is the middle class?

 

[bendog]

How did that happen I thought just a month ago you guys were in the black, minus like a half a trillion in unfunded pensions?

You must have actually read the Sacrament Bee story! Shame on YOU. No false news allowed! Only real news from REAL jounalists like the Wash Times. It appears most of the debt was from the state issuing bonds that were used to build school buildings and the "ilk" that are now carried on the books of local govt, with the state showing the liability. And the voters approved a tax hike to remove that liability and return the state to the black (s and browns and Asian and OTHER NOT AMERICAN types)
And as you posted, the liability does not include the lack of pension funding which IS TOTALLY A LIBERAL STATE PROBLEM BECAUSE EVERYONE KNOWS CONSERVATIVES DON'T DEFICIT SPEND. NO ONE EVEN DISPUTES THIS, unless the put up FAKE NEWS! (-:

 

[imawhosure]

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"?

Any worker that doesn't qualify for itemized deductions on their federal form.

What's the income range?

It's rapidly going the way of other miserable Communist/Socialist failures like Venezuela. How long before it starts demanding a Bailout? Personally, i won't support giving it a penny of Federal money. Its 'Sanctuary' policies are despicable. California shouldn't receive Federal funds at all. Period, end of story.

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"?

Any worker that doesn't qualify for itemized deductions on their federal form.

What's the income range?

Any worker that doesn't qualify for itemized deductions on their federal form.

He asked you for an income range. Can't you answer the question?

As long as everyone understands that California can be collapsed before next Christmas, if we all work together to deny them any funds from tourism, etc. They, New York, and Illinois are in severe problems, and we/I/you have the ability to make their lives miserable by just judiciously watching to insure not one tax cent, goes to California, etc. The leftists can pretend all they want, and they learned it all from Hollyweird, lol. But when the rubber meets the road, if you pass the word to like minded individuals, and together on the internet we deny them 5 to 7% of tourism dollars and other income we have an effect on, (I know, sounds bad, but buy foreign veggies, not California veggies) they are cooked, and so is the left, illegals, and Hollyweird in California!

 

[charwin95]

It's rapidly going the way of other miserable Communist/Socialist failures like Venezuela. How long before it starts demanding a Bailout? Personally, i won't support giving it a penny of Federal money. Its 'Sanctuary' policies are despicable. California shouldn't receive Federal funds at all. Period, end of story.

California beats Canada for GDP and population. They must be doing something right.

It'll be demanding a Bailout at some point. It's a sad catastrophe. And i will not support bailing it out with Federal money.

The majority of red States have received federal bailouts for decades. Why don't you include them in your diatribe?

Any State declaring itself a 'Sanctuary State', should no longer receive Federal money at all.

Why? We paid our federal tax? Is that mean we can also stop paying federal taxes?

 

[Dschrute3]

It's rapidly going the way of other miserable Communist/Socialist failures like Venezuela. How long before it starts demanding a Bailout? Personally, i won't support giving it a penny of Federal money. Its 'Sanctuary' policies are despicable. California shouldn't receive Federal funds at all. Period, end of story.

California beats Canada for GDP and population. They must be doing something right.

It'll be demanding a Bailout at some point. It's a sad catastrophe. And i will not support bailing it out with Federal money.

The majority of red States have received federal bailouts for decades. Why don't you include them in your diatribe?

Any State declaring itself a 'Sanctuary State', should no longer receive Federal money at all.

Why? We paid our federal tax? Is that mean we can also stop paying federal taxes?

I'd be ok with that.