Democratic super majority leads California to a "budget surplus". True story.

[dcraelin]

How did Governor Jerry Brown do it? He raised taxes on the rich, that’s how.

California Headed For Budget Surplus After Taxing The Rich
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another thing that happened in California that has helped them out is they have done away with a real-estate development gimmick called TIF (tax increment financing). This is in effect a government subsidy to developers on the backs of local property tax payers. I dont think Brown had much to do with it, I think it was the result of some lawsuits, but it no doubt has helped the taxpayer of California.

 

[Quantum Windbag]

In 2010, he said, when many other states were electing tea party Republicans to office, California elected a Democratic governor. Without a Republican governor or state legislator “cock blocking” efforts at reform, the state was able to raise taxes and reorganize spending and turn its massive deficit into a budget surplus.

“Here in California, we’re not just gluten-free and soy-free and peanut-free,” he said, “we’re tea party-free! Yes, we can live in reality.”

California's economy is booming

While the Republican Party threatens to bankrupt the nation, insisting that making additional spending cuts is the only way they’ll vote to pass a new budget, the State of California is heading for a banner year with a surplus in the billions of dollars.

How did Governor Jerry Brown do it? He raised taxes on the rich, that’s how.

California Headed For Budget Surplus After Taxing The Rich

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Hilarious. Republicans on the USMB have cheered Republican policies that have led the country into bankruptcy. Most of all, they made fun of Republican led California.

With a super majority and a Democratic Governor, California will have a budget surplus.

While business in California is booming, in Texas, they are exploding. No really. They are literally exploding.

You do not want to try and defend Californian, the land of no middle class. I live here, you don't ******* know what you are talking about.

This is what business in California looks like.

 

[Quantum Windbag]

Bill Maher did a helluva job describing California, thanks for bringing it up.

Bill Maher: California is leading America to a Moderate Liberal Nation - YouTube

Did he mention any of this?

http://www.usmessageboard.com/politics/318162-the-new-feudalism.html

If not, he lied.

 

[Quantum Windbag]

lets put this bullshit to rest-


snip-

The real score in California, however, demonstrates that the budget is not really balanced and there is nothing but trouble ahead.

First, to use Jerry Brown’s own words, California has a “wall of debt,” which doesn’t include unfunded pension and medical liability – and that wall of debt is NOT included in the budget. The total amount of that debt is somewhere in the $27 billion range and includes over $10 billion owed to the federal government. That money was used to fund California’s Unemployment Insurance Fund, and California seems to have no plan to pay it back – a sort of “reverse” unfunded mandate, if you will.

The fact that California began borrowing that money in 2009 demonstrates the fallacy of the prior claims of balanced budgets. The fact that it is kept off budget, like the other debt mentioned above, demonstrates the fallacy of the 2013-14 budget.

Of course, California has far greater debts than that. One study showed that California governments are over $1 trillion in debt. Most of that is in the form of unfunded pension and medical liabilities owed to state employees. California’s Legislative Analyst told Brown and the Democrat-run legislature to increase the contributions to the state’s teacher’s pension fund by a paltry $4.5 billion to address its announced $73 billion short fall.

The new budget, which includes a call for an increase in spending of 26.2% over the next four years, ignores the Legislative Analyst’s advice. Keep in mind that the main public employee retirement fund is said to be underfunded by $329 billion and that the unfunded medical benefit deficit is said to be $64 billion in the red. The latter figure, according to Brown, is expected to grow 59% in the next four years.

If you ignore all that, then California has close to a balanced budget. I say “close” because, in fact, the so-called balanced budget steals (sorry – “borrows”) $500 million from the State’s cap-and-trade environmental emission reduction program. Brown’s budget does that even with the recently passed, retroactive tax increase that produced higher-than-expected revenues.

more at-

Jerry Brown Stands Atop California's Collapsing House Of Cards - Forbes

Facts don't work on rdean.

 

[Quantum Windbag]

lets put this bullshit to rest-


snip-

The real score in California, however, demonstrates that the budget is not really balanced and there is nothing but trouble ahead.

First, to use Jerry Brown’s own words, California has a “wall of debt,” which doesn’t include unfunded pension and medical liability – and that wall of debt is NOT included in the budget. The total amount of that debt is somewhere in the $27 billion range and includes over $10 billion owed to the federal government. That money was used to fund California’s Unemployment Insurance Fund, and California seems to have no plan to pay it back – a sort of “reverse” unfunded mandate, if you will.

The fact that California began borrowing that money in 2009 demonstrates the fallacy of the prior claims of balanced budgets. The fact that it is kept off budget, like the other debt mentioned above, demonstrates the fallacy of the 2013-14 budget.

Of course, California has far greater debts than that. One study showed that California governments are over $1 trillion in debt. Most of that is in the form of unfunded pension and medical liabilities owed to state employees. California’s Legislative Analyst told Brown and the Democrat-run legislature to increase the contributions to the state’s teacher’s pension fund by a paltry $4.5 billion to address its announced $73 billion short fall.

The new budget, which includes a call for an increase in spending of 26.2% over the next four years, ignores the Legislative Analyst’s advice. Keep in mind that the main public employee retirement fund is said to be underfunded by $329 billion and that the unfunded medical benefit deficit is said to be $64 billion in the red. The latter figure, according to Brown, is expected to grow 59% in the next four years.

If you ignore all that, then California has close to a balanced budget. I say “close” because, in fact, the so-called balanced budget steals (sorry – “borrows”) $500 million from the State’s cap-and-trade environmental emission reduction program. Brown’s budget does that even with the recently passed, retroactive tax increase that produced higher-than-expected revenues.

more at-

Jerry Brown Stands Atop California's Collapsing House Of Cards - Forbes

Only Republicans can look at a state that was in the hole over 20 billion, and now they are almost at a surplus, call that a "failure". No wonder they keep trying to **** the country. They think the bigger the deficit, the better we are doing.

Only idiots can look at a massive debt like California has and call it a success.
Try reading some links, since you insist that no one but you ever posts any.


Dan Walters: Is California's new budget balanced? Not really - Dan Walters - The Sacramento Bee