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California deficit is gone

By SFace following x   2013 Jan 10, 3:09am 2,146 views   7 comments   watch   nsfw   quote     share    


http://www.sfgate.com/bayarea/article/Jerry-Brown-California-s-deficit-is-gone-4183371.php

After 5 years, things are turning the corner, including state government budget deficit. A lot of people is going to give that strange grin, for good reasons. But this is a good development in spite of the reasons.

1   RealEstateIsBetterThanStocks   ignore (0)   2013 Jan 10, 3:46am   ↑ like (4)   ↓ dislike (2)   quote   flag        

that's because most of the complainers have left so productivity improved.

2   zzyzzx   ignore (1)   2013 Jan 10, 4:10am   ↑ like (5)   ↓ dislike (1)   quote   flag        

Brown released his budget Thursday morning for the 2013-2014 fiscal year, proposing a $97.7 billion plan that is 5 percent higher than the current year's spending.

I'm guessing that the average person working in California didn't get a 5% raise over the last year. Why does the state think it can jack up spending by that much when there is no income to support it?

3   Kevin   ignore (2)   2013 Jan 10, 4:35am   ↑ like (0)   ↓ dislike (1)   quote   flag        

zzyzzx says

Brown released his budget Thursday morning for the 2013-2014 fiscal year, proposing a $97.7 billion plan that is 5 percent higher than the current year's spending.

I'm guessing that the average person working in California didn't get a 5% raise over the last year. Why does the state think it can just spending my that much when there is no income to support it?

Corporations got more than 5%.

4   Entitlemented   ignore (0)   2013 Jan 10, 4:54am   ↑ like (4)   ↓ dislike (0)   quote   flag        

Myoptic - Just two months ago people were discussing the countless issues with cities paying people so much that cities were / are filing for bankruptcy.

So Brown with the backing of the powerful Teachers and other Union votes in a Engineer/Doctor/Small Bus tax and two months later there is no deficit.

If Californias believe only in perception, then this is really deception. Nothing more.

In 6 months we will need 12 more tax increases to support millionaire public workers. By then Californians will have forgotten about proposition 30........

Myopic

5   Entitlemented   ignore (0)   2013 Jan 10, 4:57am   ↑ like (1)   ↓ dislike (0)   quote   flag        

my·o·pi·a (m-p-)
n.
1. A visual defect in which distant objects appear blurred because their images are focused in front of the retina rather than on it; nearsightedness. Also called short sight.
2. Lack of discernment or long-range perspective in thinking or planning: "For Lorca, New York is a symbol of spiritual myopia" (Edwin Honig).

[Greek mupi, from mups, mup-, nearsighted : mein, to close the eyes + ps, eye; see okw- in Indo-European roots.]

my·opic (-pk, -pk) adj.
my·opi·cal·ly adv.

6   Vicente   ignore (0)   2013 Jan 10, 2:12pm   ↑ like (0)   ↓ dislike (2)   quote   flag        

Mark D says

that's because most of the complainers have left so productivity improved.

+1

7   Ceffer   ignore (2)   2013 Jan 10, 3:34pm   ↑ like (3)   ↓ dislike (1)   quote   flag        

Isn't that like somebody with a grossly underwater house and credit cards maxed out saying their budget is balanced because they'll make enough to pay their interest payments for a year, but only if they get a 5 percent raise?

Yeah, that'll make the debt and unfunded pensions go away fast, in your dreams.

In the great socialist paradise, all news is good news. Celebrate, comrades, or we'll make you eat one of those bullets we confiscated from the gun owners.

I would call that an admitted 5 billion dollar deficit and a spending increase until the vapor clears and the money is in hand.


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