California to have 9 billion dollar surplus by 2017

Dr Kynes

Dr Kynes

Well-Known Member
ChesusRice said:
I'm sorry. Is California still the worlds 8th largest economy?
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when you measure an economy's health by how many millions change hands each year, yeah, california is super awesome. and the US is the number one largest economy on earth. we were the number one economy on earth during the great depression, and the carter years too.

being the best at passing funny money around doesnt mean our economy is working, or that we arent going broke.

Paris Hilton buys tons of shit, spends millions on moronic crap and pays lackeys to carry around her wretched little dog. Paris Hilton is one of the largest personal economies in the world. does this mean she is a wise money manager? should we all model our fiscal plans on her obvious success? I know, we should all model ourselves after Donald Trump, after all he has one of the largest personal economies in the world too...

the gross volume of transaction sin an economy is not a measure of stability. but you know that. youre deflecting from the obvious and inescapable truth, that california is a microcosm of the liberal economic dream, and if given a free hand the democrats would do to the nation what they have done to california.

and youre all forgetting about the BILLIONS moonbeam slashed from schools, community colleges, "healthcare" and even the sacred "social safety net" of food stamps, welfare and housing assistance for the most vulnerable among us.

yes. the democrat run democrat operated and democrat owned california legislature, with the help of Jerry "Moonbeam" Brown slashed:

dept of social services- $350 million
medi-cal and other "healthcare"- $1 billion
prisons- $540 million in savings with the new private prison programs moonbeam has put forth.
state employees- 5% pay cut across the board for all non-management state employees.
schools- 5.75 BILLION in cuts

http://articles.latimes.com/2012/jun/16/local/la-me-state-budget-box-20120616
 
stoking

stoking

Active Member
FilthyFletch said:
This report forgot to figure in the job losses now happening due to Obama being reelected, the huge push of illegals that will be allowed to stay, the cost of the Dream Act which the state and feds will pay for with tax money, the drop in exports from the state, and the overall drop in demand for California farm goods such as foods. Then toss in the massive debt that will come from Obamacare and the rise in prison costs due to imprisonment of those who do not pay since you get 2 warnings before your jailed..One fine then a second fine then its classified as tax evasion and handled by the irs with a minimal 5 years sentence..Cali has no chance to even hope to break even let alone a surplus..This has to be a crack smoker with a hell of an imagination lol
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Arguments such as yours bore the hell out of me, let me explain.... Its easy to follow along as well.

I drive/drove truck. Idaho is a big potato producing state as well as Colorada and Cali is great for carrots and oranges. Now this said, I used to pick up this produce, and would see 3 white men, on an ocassion a black, but mostly mexicans of immigrant status. Pay for the loaders averaged from 8 -15 bucks an hr at any of the pick up points. Strangely I asked a few loading docks, why they seen more immigrant workers versus true americans as we call ourselves. Answer, why in the hell would anyone want to bust their ass for low pay??

At recieving docks I seen way more of the usual american persuassion and few immigrants, pay, anywhere from 400-800 bucks to unload the truck, which averaged 2-4 hrs to do. Warehouse made 10-15% of what the unloader or "lumper" made. Now which job would you do? The unloading involved a forklift and a sheet of paper. Loading actually required you to work....

By the way I am a full blooded american born citizen, but so tired of the we have no jobs due to immigrants rants it is not funny.

I heard everything from they will do a job others wont to their stealing jobs. My answer get your fat ass up off the couch and fill out an application, show up for work daily and earn what they would have. They cant be paid less then minimum wage, and certainly have the same expense we do living in the states.

I will as well state, the lumpers on union jobs sucks major ass unloading you, they have mandated breaks and such, no way it takes 8 hrs to load a 53 ft trailer full of bread on pallets, unless you go to wonder bread in chicago.
Only thing good about them was the fact they didnt charge to load or unload. Dont even get me going on my total dislike for the walmart industry.
 
C

ChesusRice

Well-Known Member
HotCheetos said:
California has less than 40 million people and nearly 40 percent of the nation's welfare bums with at least a double digit unemployment rate. I'm getting sick of paying for the North Mexico Dream.
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California contributes 13% of the nations tax revenue
Contribute more in federal money than they receive
and
are still the worlds 8th largest economy
 
H

HotCheetos

Well-Known Member
California at a pension level decided to buy a bunch of Facebook stock at about 40 dollars a pop. Much ado was made about how that was going to be a big time revenue driver. The projected "surplus" from the rise in Facebook valuation from the brilliant minds in California? 2 billion. Now it has backfired, the stock is down almost 50 percent from its initial offering price. Whoops. Yet they spent all the money they "had" from Facebook going up in value even though it has sank like a lead balloon. That is an excellent example of a "California surplus."

Edit: Here is an explanation of this "California Surplus" to show you just what a surplus means in California...

http://www.zerohedge.com/contributed/broke-california-give-us-facebook-manna-now

Facebook manna, hah.

Yep, anticipated revenue. Ha!

California is broke again. The “balanced” budget of last summer turned out to be another pile of overoptimistic assumptions. The problem: $2.6 billion in “anticipated” revenues didn’t materialize, but $2.6 billion in “unanticipated” expenditures did. Last fall, California had to borrow $5.4 billion from Wall Street and another $15.6 billion from special state accounts just to make it to the hoped-for flood of tax revenues in April. And despite the government’s inelegant gyrations about budget cuts, the state payroll rose 3% in 2011.
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What? California was over 5 billion in the whole, at a minimum, had to borrow 20 billion, and they hired more people and payed them more money? What in the blue Hell?

Google money saved them, for a bit. It was that tech manna. But it doesn't last. It isn't tangible. Cali goes on a tech stock bender like a guy who was rolling red hot at a craps table, blows it all and not only has empty pockets, goes into debt trying it again at the casino and has to borrow money from loan sharks to pay off the markers. Just gambling addicted morons always looking for the easy way out.
 
ginwilly

ginwilly

Well-Known Member
not only will California not have a surplus anytime soon, their deficit will continue to grow.

I wouldn't be surprised if the new tax increase caused revenues to go down.
 
H

HotCheetos

Well-Known Member
California already has an exodus of their tax base going on. The productive people are taxed and regulated and hounded so badly they just leave, hundreds of thousands every year.
 
stoking

stoking

Active Member
HotCheetos said:
California already has an exodus of their tax base going on. The productive people are taxed and regulated and hounded so badly they just leave, hundreds of thousands every year.
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This explains the immigrants flooding in and taking your jobs? Really? Honestly?
Wow I need move to Cali enter a welfare program and bitch about immigrants as I smoke my dope. maybe then I would get a feel for your true problem.

It certainly cant be that at the moment we are faced with a financial debt from hell. Caused by to many hands in a cookie jar.
Its just California faced with economical crisis and taxing? Really? It cant be that we have for years lived on a loan structure of buying and have companies seeking to get rich buying defaulted loans and trying to cash in on them. They went unpaid, how is it they are going to magically get paid for if neglected so bad. Who absorbs this debt?

It cant be that labor forces are being replaced with automation? It certainly cant be the price of gas crippling as well can it?

I bet as well upper management bonuses are more important then actually trinkling its cash downward and outward as well.

Hmm another anomily California is noted for now for The great Exodus of People. With it being 8th in the world for its ecomonic rating. Just wow.

Strangely I shall say, if you face that anomily there, then moving elsewhere wont change your problem...... unless Oprah adopts you, marries you, or uses you as a boy toy. If Oprah wont work, maybe Trump will hand you a few of his aces in a hole.
 
H

HotCheetos

Well-Known Member
It is true, though. The parasites are killing the system and the producers are leaving. From 2000 to 2009 the state had a net migration of over 1.5 million people. Businesses leave every single day.

The 8th largest economy...that owes over 600 billion dollars and growing every day. And the solution is to spend more, tax more and drive more people out of the state. Good job.

:clap:

Keep it up, pretty soon you can brag about being the world's 9th largest economy!

I never was, am not now, nor ever will be a welfare bum. I lived there for a bit and left. It has too many goddamned welfare bums and the worst politicians in the country.
 
UncleBuck

UncleBuck

Well-Known Member
ginwilly said:
not only will California not have a surplus anytime soon, their deficit will continue to grow.

I wouldn't be surprised if the new tax increase caused revenues to go down.
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debt is currently shrinking and revenue is currently growing.

stupid pesky facts.
 
ginwilly

ginwilly

Well-Known Member
UncleBuck said:
debt is currently shrinking and revenue is currently growing.

stupid pesky facts.
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the tax increase was voted on last week and revenue is already up from it? that's awesomely dishonest of you.

How do you know the debt is shrinking? How do you know what the debt is? every time someone counts it, they come up with a different number. Your gov thought he inherited around 6-9B in debt, now some say it's really as high as 28B.

You just say shit for the sake of saying it don't you.
 
UncleBuck

UncleBuck

Well-Known Member
ginwilly said:
the tax increase was voted on last week and revenue is already up from it? that's awesomely dishonest of you.

How do you know the debt is shrinking? How do you know what the debt is? every time someone counts it, they come up with a different number. Your gov thought he inherited around 6-9B in debt, now some say it's really as high as 28B.

You just say shit for the sake of saying it don't you.
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the revenue was already growing. the debt is already shrinking.

http://www.usdebtclock.org/state-debt-clocks/state-of-california-debt-clock.html
 
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