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(Huffington Post)   So, yeah, apparently California's budget deficit is gone   (huffingtonpost.com) divider line 317
    More: Spiffy, California, rainy day fund, ipo filing, Kailua, Bill Gross, median household income, balanced budgets, state Department of Finance  
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23285 clicks; posted to Main » on 10 Jan 2013 at 6:08 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-01-10 04:34:54 PM
well, what do you know....
 
2013-01-10 04:42:46 PM
I call shenanigans- Our FARK independents have made it quite clear that the only way to balance a budget is through tax cuts.
 
2013-01-10 04:43:09 PM
Should get an AMUSING tag. I love how they're going to increase spending without really identifying where the 5%+ growth in taxes is going to come from. They've made this shiat up (the budget) for years and about half way through the year they go "holy crap, we don't have enough money" and they go nuts cutting again. It's a complete farce.
 
2013-01-10 04:45:04 PM
Suck it haters
 
2013-01-10 04:49:13 PM
Impressive.
 
2013-01-10 04:49:51 PM
DAMN YOU, LIBS!
 
2013-01-10 04:50:06 PM

dj_bigbird: I love how they're going to increase spending without really identifying where the 5%+ growth in taxes is going to come from.


Maybe you missed this part-

California job growth tops the national average, unemployment has fallen below double-digit levels for the first time in nearly four years, and voters in November approved a tax increase that closed most of the lingering budget gap.
 
2013-01-10 04:53:32 PM
Ya well I bet you all don't have to pay it.
 
wee [TotalFark]
2013-01-10 04:54:46 PM
Turns out you can have a balanced budget if you spend less money than you take in.  Who knew?
 
2013-01-10 05:02:05 PM

Dinki: and voters in November approved a tax increase that closed most of the lingering budget gap.


LA LA LA LA LA LA LA LA LA LA LA  CAN'T HEAR YOU
 
2013-01-10 05:11:16 PM
See what happens when you send the republicans packing...
 
2013-01-10 05:14:25 PM
And always have a happy face.
 
2013-01-10 05:15:50 PM
Moonbeam 2016!
 
2013-01-10 05:36:59 PM
So, tax increases closed a budget gap?  Well surely mass unemployment must have ensued.

What's that?  California' unemployment rate is dropping fast?

Well surely this must be some kind of impossible logic!  After all, Republicans told me this could never happen.
 
2013-01-10 05:43:52 PM

maxalt: Ya well I bet you all don't have to pay it.


I bet you didn't RTFA.
 
2013-01-10 05:46:42 PM

Dinki: I call shenanigans- Our FARK independents have made it quite clear that the only way to balance a budget is through tax cuts.


Well said.
 
2013-01-10 05:47:51 PM

Bontesla: Dinki: I call shenanigans- Our FARK independents have made it quite clear that the only way to balance a budget is through tax cuts.

Well said.


That was true until we removed the Republicans from the equation
 
2013-01-10 05:49:21 PM
I don't understand.  I was told that California was a socialist economic hellhole that would be bankrupt for a generation and that the only path to prosperity was via the Texas Miracle.  I'm so confused.  I'm moving to Brownbackistan until all of this insanity blows over.
 
2013-01-10 05:57:36 PM
What a scam. They'll be telling us we're broke in June.  Again.
 
2013-01-10 05:57:50 PM
It's the Huffington Post, no republican will believe it's anything other than left wing propaganda.
 
2013-01-10 05:59:26 PM

MaudlinMutantMollusk: Bontesla: Dinki: I call shenanigans- Our FARK independents have made it quite clear that the only way to balance a budget is through tax cuts.

Well said.

That was true until we removed the Republicans from the equation


Democrats won a supermajority in the state legislature in November's vote, giving them the power to raise taxes without Republican support.

It's like some sort of sign telling us what will work!
 
2013-01-10 06:06:37 PM
Looks like people don't know anything about prop 58, the level of debt California has or the level of unfunded pension liabilities.

But go ahead, keep thinking that California is doing well.
 
2013-01-10 06:09:57 PM
Bunch of commies, don't they know debt is the American way?
 
2013-01-10 06:10:03 PM
I love my state... I'm incredibly proud of what Brown's done here too over the last few years, I'm grateful we got him back in office, cause no matter what you might think of the guy, he gets shiat done.
 
2013-01-10 06:13:13 PM
See guys?  The Schwartzenager recovery is under way!
 
2013-01-10 06:14:52 PM
This cannot be true! I would have read it in Fox news!
 
2013-01-10 06:15:00 PM
Fark all you haters.  I wasn't ever going to leave California before this good news.  We had to put up with Schwarzenegger, Deukmejian, Wilson, Reagan farking everything up.

What can Brown do for you?  Solve a farking budget crisis.

Lots of work to be done still, but it's nice to know there are some people in government that are willing to say "fark you" to the obstructionist assholes and tackle a problem head on.

Too bad we have too many Republicans in office to affect this kind of change on a national level.
 
2013-01-10 06:15:08 PM

timujin: maxalt: Ya well I bet you all don't have to pay it.

I bet you didn't RTFA.


Sure do live in Garden Grove Ca 92841. My CA tax rate is above 10% and then there is sales tax, car tax, gas tax, property tax, school tax, road use tax, and about 6 bonds there are to be paid off. So I do pay a lot of tax and don't even get me started on federal taxes, all together ≈ 45% this year. I'm going to stop working now so my tax will go down next year, still above 25%, but I'll have more time to kick it.
 
2013-01-10 06:15:29 PM
See what happens when you elect an experienced business person like Meg Whitman?
 
2013-01-10 06:15:50 PM

RobertBruce: What a scam. They'll be telling us we're broke in June.  Again.


Aw, it's so sad when your entire worldview crashes around you, isn't it.
 
2013-01-10 06:18:32 PM
Now if only they could make it work in real life instead of in theory.
 
2013-01-10 06:19:39 PM

maxalt: timujin: maxalt: Ya well I bet you all don't have to pay it.

I bet you didn't RTFA.

Sure do live in Garden Grove Ca 92841. My CA tax rate is above 10% and then there is sales tax, car tax, gas tax, property tax, school tax, road use tax, and about 6 bonds there are to be paid off. So I do pay a lot of tax and don't even get me started on federal taxes, all together ≈ 45% this year. I'm going to stop working now so my tax will go down next year, still above 25%, but I'll have more time to kick it.


Yep you have no idea what you're talking about.
 
2013-01-10 06:19:57 PM

Dinki: dj_bigbird: I love how they're going to increase spending without really identifying where the 5%+ growth in taxes is going to come from.

Maybe you missed this part-

California job growth tops the national average, unemployment has fallen below double-digit levels for the first time in nearly four years, and voters in November approved a tax increase that closed most of the lingering budget gap.


And, to top it off, they're managing to keep a balanced budget while still increasing spending for education, the way it ought to be done.

But, I'm sure we'll see some more nifty pictures about Texas soon from some mouth-breather.
 
2013-01-10 06:21:20 PM
ppffftt. why balance anything when you can just shiat a platinum coin? Morans. How dare them try to be responsible.
 
2013-01-10 06:22:40 PM

""I am determined to avoid the fiscal mess that the last few governors had to deal with," Brown told reporters as he introduced the budget for the 2013-14 fiscal year beginning in July."


Yea, nice job the Governator did dragging down the California budget while he was trying to hide his illegitimate kid from Maria Shriver. Why did California ever elect Schwartzenneger?

 
2013-01-10 06:22:47 PM

tenpoundsofcheese: Looks like people don't know anything about prop 58, the level of debt California has or the level of unfunded pension liabilities.

But go ahead, keep thinking that California is doing well.


Please do enlighten us, o wise one, with your wealth of knowledge on the subject.

/or troll again and run away
//my money's on the latter
 
2013-01-10 06:23:17 PM
There's a lag between policy change and real-world effects manifesting themselves.

Brown is benefitting from the policies of Republican governor, Arnold Schwarzenegger.
 
2013-01-10 06:23:22 PM

MaudlinMutantMollusk: Suck it haters


Really - please point to the proof that pensions are fully funded.
 
2013-01-10 06:23:47 PM
Had Republican governors for what like around 25 out of 30 years and all those "I'll cut waste" guys never did it in much better economic situations but Jerry Brown did.

They idea that Republicans fix budgets is laughable.
 
2013-01-10 06:24:20 PM

Dinki: dj_bigbird: I love how they're going to increase spending without really identifying where the 5%+ growth in taxes is going to come from.

Maybe you missed this part-

California job growth tops the national average, unemployment has fallen below double-digit levels for the first time in nearly four years, and voters in November approved a tax increase that closed most of the lingering budget gap.


That's all thanks to mitt Rmoney's 12 million new jobs. You know, the ones that were coming even if he did nothing.
 
2013-01-10 06:26:03 PM
Thank God people in California stopped voting for "fiscal conservative" Republicans and actually voted for someone to fix the budget.
 
2013-01-10 06:26:11 PM
See Democrats? That's how a REAL Republican does it!
 
2013-01-10 06:26:14 PM
So does this mean Gov Moonbeam isn't going to f¡_¡ck us in the ass with the highest sales tax in the nation? No, he's still going in dry and bareback. BOHICA!
 
2013-01-10 06:26:25 PM
yeah, thanks for voting 'yes' on prop 30, assholes. for those of you who don't know, prop 30 retroactively raised california's income tax to include all of 2012. voted on in november, retroactive to january. thanks!
 
2013-01-10 06:27:42 PM

100 Watt Walrus: tenpoundsofcheese: Looks like people don't know anything about prop 58, the level of debt California has or the level of unfunded pension liabilities.

But go ahead, keep thinking that California is doing well.

Please do enlighten us, o wise one, with your wealth of knowledge on the subject.

/or troll again and run away
//my money's on the latter


Required by law to have a balanced budget

Have over 50,000,000,000 on debt

Forgot the unfunded pension number but iirc it is several times that debt number.

Your money lost. Again.
 
2013-01-10 06:29:05 PM

OscarTamerz: So does this mean Gov Moonbeam isn't going to f¡_¡ck us in the ass with the highest sales tax in the nation? No, he's still going in dry and bareback. BOHICA!


The sales tax is lower than it used to be a few years ago.

25 cents on every $100 spent I doubt is going to make people broke.
 
2013-01-10 06:29:09 PM
Taxes are too low. The federal government and nearly all 50 states are going broke because of it. Are schools can't teach and our infrastructure is crumbling. The only thing the ruling class is willing to pay for is the warfare state. That is not the recipe for a nation with a future, but for the death of an empire.
 
2013-01-10 06:29:53 PM

tenpoundsofcheese: 100 Watt Walrus: tenpoundsofcheese: Looks like people don't know anything about prop 58, the level of debt California has or the level of unfunded pension liabilities.

But go ahead, keep thinking that California is doing well.

Please do enlighten us, o wise one, with your wealth of knowledge on the subject.

/or troll again and run away
//my money's on the latter

Required by law to have a balanced budget

Have over 50,000,000,000 on debt

Forgot the unfunded pension number but iirc it is several times that debt number.

Your money lost. Again.


You mean we don't have the money for future expenditures?

Do you have all money right now for all the rent mortgage you will ever pay for in the future?
 
2013-01-10 06:30:16 PM
From the article:

"California's budget deficit is gone after years of financial troubles, Governor Jerry Brown said on Thursday, proposing a plan that raises spending on education and healthcare, boosting total expenditures by 5 percent."

"The state expects $98.5 billion in revenues and transfers and plans spending $97.7 billion, according to the proposal published on the state Department of Finance website."

If it works out great. But I wouldn't plan on it.
 
2013-01-10 06:30:44 PM
CA voters voted to raise taxes in Nov...it really isn't that hard of a concept; if you bring in more dollars than you spend, you can balance a budget. That being said, I would have been more impressed if a budget was balanced based upon cuts in spending as opposed to raising taxes.
 
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