Surplus swells as Gov. Jerry Brown's last budget grows to $199 billion

[deanrd]

How much is Brown paying you?

Brown and California is paying your way in America. What part of socialism don't you like about that!

Horse shit! California gets back 99 cents of every dollar it pays in federal taxes!

California is barely, just barely a "donor state". You are being disingenuous.

 

[asaratis]

How much is Brown paying you?

Brown and California is paying your way in America. What part of socialism don't you like about that!

There is no socialism in California. That it's budget is so large and it's economy the 5th largest in the world shows capitalism is hitting on all cylinders there.

And we feed the poor like great people do!

....and you have the largest homeless population in the US.

....and you have people shitting in the streets.

California is a shithole!

 

[asaratis]

BrokeLoser, post: 20002515

It’s quite fascinating that you would brag about Mexifornia’s surplus of cash reserves.
This can only be achieved through over taxation. I’m sure you’re a super productive positive contributing taxpayer because all taxpayers love to pay more taxes than they should.

You attack a donor state for being financially conservative and responsible in order to maintain its services during a recession.

So California won’t have to come crawling to the Federal Government the next time right wing tax cuts for the rich create another round of massive recession and unemployment losses like the one Bush gave us in 2008.

Governor Brown’s California blows the entire GOP trickle down economics theory to smitherines.

I am a financially conservative American. We own two homes (near DC) One, by paid off mortgage, and the second bought with cash starting with nothing 19 years ago.

We have a very strong rainy day fund mentality and unlike your beloved Trumpo we had to work for all we have.

We live a fun lifestyle as well. Just got back to work agtet ten days in the South of France.

More of that is needed in America than this Republican low low low taxes and bail outs for the next recession for the Trumpo rich crap.

California is barely a donor state. It gets back 99 cents for every dollar paid in federal taxes.

 

[whutTHEYsay]

Andylusion, post: 20007777

This is what I don't understand. California is in massive debt. Now they have a surplus, but instead of paying it off, they are going to put it in a slush fund?

How does this make sense.....

And just out of curiosity, how did they end up with a surplus?

how did they end up with a surplus? Duh, cut spending, raised taxes and good steadily improving Obama economy for seven years.

All the things conservatives apparently hate.


Why are “they are going to put it in a slush fund?” You ask.

That is the smarter thing to do. Apparently no overdue debts or obligations are due at this time, interest rates are low, so keep cash on hand in case revenues fall off again when the Trump GOP tax cuts and increased deficit spending and relaxed banking regulations spark a new recession.
“

 

[C_Clayton_Jones]

Great leadership by Brown

Outstanding governance by California Democratic office holders.

 

[asaratis]

How much is Brown paying you?

Brown and California is paying your way in America. What part of socialism don't you like about that!

Horse shit! California gets back 99 cents of every dollar it pays in federal taxes!

California is barely, just barely a "donor state". You are being disingenuous.

How old is your data, deano? Where's the link?

Here's mine:
Does California give more than it gets from D.C.?

California’s give and take

In January 2017, the California Legislative Analyst’s Office said by several measures California is, indeed, a donor state, but just barely. It receives $0.99 in federal expenditures per dollar of taxes paid, which is below the national average return for states of $1.22 per dollar paid, according to its review of a 2015 New York Comptroller study.

 

[asaratis]

Just one of many reasons I left for New Mexico after more than 30 years in California. I grew up there, went to school there, had and raised my kids there... until I'd had too much. Finally reach a point where my wife and I looked at each other and said, "Anywhere but here."

Good of you to move from a top ranked donor state to a top ranked leech state.

. What the resulting map shows is that the most “dependent states,” as measured by the composite score, are Mississippi and New Mexico, each of which gets back about $3 in federal spending for every dollar they send to the federal treasury in taxes. Alabama and Louisiana are close behind.

2018’s Most & Least Federally Dependent States

Enjoy your Federal welfare to your state paid for by us hardworking taxpayers in the donor states.

You picked the number one leech state in the nation. I wouldn’t brag about it, And stop whining about California’s tax policy.

California drives 20 percent oh Anerica’s GDP.

There are 10 states that get back less on the dollar than California. California is the least of the "donor" states. It barely makes the cut at 99 cents on the dollar.

Does California give more than it gets from D.C.?

 

[asaratis]

How much is Brown paying you?

Brown and California is paying your way in America. What part of socialism don't you like about that!

There is no socialism in California. That it's budget is so large and it's economy the 5th largest in the world shows capitalism is hitting on all cylinders there.

That's why so any people live in tents.

....and they have shit maps showing tourists where not to go.

 

[whutTHEYsay]

SassyIrishLass, post: 20007470

It's a yes or no question you feeble moron. As long as that debt is outstanding and unfunded a surplus is impossible. It's simple economics

What do you mean by ‘unfunded debt’?

If a government has all the funds to service all its obligations it needs not take on any debt.

Please explain. Don’t run.

 

[asaratis]

Foo Foo Foo, if you have a trillion in debt it's not possible to have a surplus

Idiot. Annual budgets can have surpluses just like in my own personal life when I had a mortgage and owed a few hundred thousand over thirty years.

We paid it off in 12 years because we had budget surpluses during every one of those years and the house was always worth more than what was owed.

Now with no outstanding debt we have budget surpluses that are even better without debt, but. I would never be so ignorant to say that you can’t have an annual budget surplus based on income and expenses.

And going into debt to buy a home is the smartest thing anyone can do if they can make the payments over a long period of time. Do you disagree?

California has a long way to go before paying off its debt.....a shitload more than your trailer home mortgage.

 

[C_Clayton_Jones]

Meanwhile, in the red states:

"What's the matter with Kansas?" In 2004, Thomas Frank asked the question fearing a "right-wing class war grown so powerful" that it induced "the common people" to vote against their own interests.

Now, 13 years later, pundits are asking the same question—but under drastically different circumstances.

Headlines like "How the grand conservative experiment failed in Kansas" and "Trickle-down economics is a nightmare. Kansas proved it" have been dominating the news out of Kansas this month.

Brownback’s failure in Kansas has doomed the whole of GOP economics | Opinion

 

[SassyIrishLass]

SassyIrishLass, post: 20007470

It's a yes or no question you feeble moron. As long as that debt is outstanding and unfunded a surplus is impossible. It's simple economics

What do you mean by ‘unfunded debt’?

If a government has all the funds to service all its obligations it needs not take on any debt.

Please explain. Don’t run.

If you don't even know what unfunded debt is you certainly should leave the thread because you truly are clueless.

Hint: California is not addressing the mounting pension debt it is accumulating. As they don't it keeps increasing and at a point will become so huge it will cave in on itself and becomes insolvent. It's probably already at that point.

They teach this in business, finance and economics, Foo. Actually it's first year shit.

 

[whutTHEYsay]

There are 10 states that get back less on the dollar than California. California is the least of the "donor" states. It barely makes the cut at 99 cents on the dollar.

Thus dude didn’t like paying taxes in a surplus state (California) so he moved to the numero uno taker state (New Mexico). That’s my point. California’s ranking is irrelevant. It is a donor state.

 

[SassyIrishLass]

Meanwhile, in the red states:

"What's the matter with Kansas?" In 2004, Thomas Frank asked the question fearing a "right-wing class war grown so powerful" that it induced "the common people" to vote against their own interests.

Now, 13 years later, pundits are asking the same question—but under drastically different circumstances.

Headlines like "How the grand conservative experiment failed in Kansas" and "Trickle-down economics is a nightmare. Kansas proved it" have been dominating the news out of Kansas this month.

Brownback’s failure in Kansas has doomed the whole of GOP economics | Opinion

Kansas's woes are completely different than California's. They got caught up in energy losses and grain issues causing a drop in excise tax revenues.

Nice try though

 

[asaratis]

Gov. Jerry Brown is using a surging, $8.8 billion surplus in his 16th and final year leading the state to stash billions of dollars in reserves.


He wants to put almost all of the additional money — $7.6 billion of it — into two reserve funds that combined would hold $17 billion a year from now if trends hold.

He warned at a press conference Friday where he unveiled his final budget for the 2018-19 financial year that a recession could be just around the corner and the state should avoid long-term commitments that it might not be able to afford in a downturn.

Brown is making moves to keep those subsidies alive to balance other states budgets too!

Surplus swells as Gov. Jerry Brown's last budget grows to $199 billion

Brown's policies have also put California in the number one spot as the hottest job market in the nation.

If you want a good job that pays well with good benefits, go to California.

The city I live in is number 9 on that list.

If you look at that list you will see all but one of the cities on it are in blue states.

The nation’s hottest job markets are in this US state

...and the highest cost of living is in California.

Yes, come to California and pay taxes through the nose!
...and pay millions for a three bedroom, cheaply built house.

 

[SassyIrishLass]

Gov. Jerry Brown is using a surging, $8.8 billion surplus in his 16th and final year leading the state to stash billions of dollars in reserves.


He wants to put almost all of the additional money — $7.6 billion of it — into two reserve funds that combined would hold $17 billion a year from now if trends hold.

He warned at a press conference Friday where he unveiled his final budget for the 2018-19 financial year that a recession could be just around the corner and the state should avoid long-term commitments that it might not be able to afford in a downturn.

Brown is making moves to keep those subsidies alive to balance other states budgets too!

Surplus swells as Gov. Jerry Brown's last budget grows to $199 billion

Brown's policies have also put California in the number one spot as the hottest job market in the nation.

If you want a good job that pays well with good benefits, go to California.

The city I live in is number 9 on that list.

If you look at that list you will see all but one of the cities on it are in blue states.

The nation’s hottest job markets are in this US state

...and the highest cost of living is in California.

Yes, come to California and pay taxes through the nose!

People are fleeing those taxes, same in Illinois

 

[asaratis]

Just one of many reasons I left for New Mexico after more than 30 years in California. I grew up there, went to school there, had and raised my kids there... until I'd had too much. Finally reach a point where my wife and I looked at each other and said, "Anywhere but here."

Good of you to move from a top ranked donor state to a top ranked leech state.

. What the resulting map shows is that the most “dependent states,” as measured by the composite score, are Mississippi and New Mexico, each of which gets back about $3 in federal spending for every dollar they send to the federal treasury in taxes. Alabama and Louisiana are close behind.

2018’s Most & Least Federally Dependent States

Enjoy your Federal welfare to your state paid for by us hardworking taxpayers in the donor states.

You picked the number one leech state in the nation. I wouldn’t brag about it, And stop whining about California’s tax policy.

California drives 20 percent oh Anerica’s GDP.

Exactly. Most of the states that get the majority of their state budget from federal tax dollars are red states. Some get more than twice the amount they send to DC.

Meanwhile California gets a small fraction of their state budget from federal tax dollars. Just like my state. We blue states support ourselves and the red states don't. The red states are deadbeat leaches on us blue states.

I wish we could pass a law that forces those irresponsible red states to support themselves and stop leaching off us responsible blue states.

2018’s Most & Least Federally Dependent States

California is barely a "donor" state.

Does California give more than it gets from D.C.?

 

[Andylusion]

Andylusion, post: 20007777

This is what I don't understand. California is in massive debt. Now they have a surplus, but instead of paying it off, they are going to put it in a slush fund?

How does this make sense.....

And just out of curiosity, how did they end up with a surplus?

how did they end up with a surplus? Duh, cut spending, raised taxes and good steadily improving Obama economy for seven years.

All the things conservatives apparently hate.


Why are “they are going to put it in a slush fund?” You ask.

That is the smarter thing to do. Apparently no overdue debts or obligations are due at this time, interest rates are low, so keep cash on hand in case revenues fall off again when the Trump GOP tax cuts and increased deficit spending and relaxed banking regulations spark a new recession.
“

What spending did they cut, and what taxes did they raise?

 

[asaratis]

Yes you can see from tv and movies how miserable life is in California!

That's because they show only the glitter coated areas. They don't show the tent cities or the piles of shit in the streets.

poverty in california images - Bing images

 

[whutTHEYsay]

SassyIrishLass, post: 20008593

If you don't even know what unfunded debt is you certainly should leave the thread because you truly are clueless.

Hint: California is not addressing the mounting pension debt it is accumulating. As they don't it keeps increasing and at a point will become so huge it will cave in on itself and becomes insolvent. It's probably already at that point.

They teach this in business, finance and economics, Foo. Actually it's first year shit

I asked what you meant by ‘unfunded debt’ in your statement? If you were talking about the pensions why didn’t you refer to that as an unfunded liability because that is what it is and I would not needed to ask for clarification,

You were not talking about unfunded debt.

unfunded debt noun short-term debt requiring repayment within a year from issuance

Vs.

California’s largest public pension programs have significant unfunded liabilities.

So you see, you are the idiot once again.