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California Companies Fleeing Golden State.


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2011 Jul 13, 4:29am   20,762 views  270 comments

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42   marcus   2011 Jul 17, 6:45am  

Bap33 says

taking money from people that survive through labor, and giving it to people that willingly make bad choices and do not support themselves, is not a good idea in any era. Is it?

Very true. That's why cutting government jobs (people that survive through labor), to pay for tax cuts for the rich (who make questionable choices w/respect to the productivity of their capital), continues to f*&& over the US, compared to all the more successful first world economies.

43   ppexx   2011 Jul 17, 6:55am  

Cali is over with, I used to live in the hell hole of SoCal. Why would a company open up operations in Cali when they have to pay staff 50% more to afford a love shack and 80% of the applicants are uneducated gang bangers. In CO you get educated applicants, operating costs are half and houses are almost free. I have lived in both areas and for Cali will soon be Detroit with good weather

44   Bap33   2011 Jul 17, 8:18am  

@Troy,
I just do not think Gov has the same role in housing or education that it MUST in defense. Housing is a luxury. Public funded education is a luxury. Defense is a need.

But, I agree with you 100% on the rentism deal. 100%. I am all for outlawing two things right now. 1) Renting/used as income/absent owner of SFH zoned R1, and 2) Section 8 or any other welfare support paid to any privatly owned home. If I am going to help a poor person have a place to live I want the assett to be America's, not some rich dude with multiple houses willing to rent to Section 8 since he don't live near by..

@marcus,
I agree.

@Ellie,
I put my response with a quote so as to explain my response since I knew I came late and was off topic. Liberals are ok, it's liberalism/socialism/progressive-ism that is the problem!! lol. Love the sinner, hate the sin.

45   elliemae   2011 Jul 17, 9:12am  

Bap33 says

Public funded education is a luxury. Defense is a need.

It'll be a great day when schools have all the money they need and the Air Force has to hold a bake sale to buy bombers.

Our defense budget isn't about protecting our country. It's about spending ridiculous amounts of money on boondoggles and planes that don't work and military bases we don't need and equipment & electronics that don't work - and the lives of our young. The people in charge of the military - politicos - are able to protect their children with cushy positions where they'll never be in harm's way and award huge contracts to their districts. Our military needs an overhaul.

Years ago I remember learning that it would take 1/10 of our military budget to completely wipe out poverty in America (approx 1987). I don't know if that holds true - but I don't doubt it.

I'm surprised that you don't believe that publicly funded education is vital to our future but you believe that 32 planes are worth nearaly 400 billion dollars:

Cost estimates have risen to $382 billion for 2,443 aircraft, at an average of $156 million each. The rising program cost estimates have cast doubt on the actual number to be produced for the U.S. In January 2011, the F-35B variant was placed on "probation" for two years because of development issues. In February 2011, the Pentagon put a price of $207.6 million for each of the 32 aircraft to be acquired in FY2012, rising to $304.15 million ($9,732.8/32) if its share of RDT&E spending is included.

http://en.wikipedia.org/wiki/F-35_Joint_Strike_Fighter

46   HousingWatcher   2011 Jul 17, 11:35am  

Don't you need a good public education system to have a strong defense? How can you possibly have one without the other?

47   elliemae   2011 Jul 17, 11:46am  

HousingWatcher says

Don't you need a good public education system to have a strong defense? How can you possibly have one without the other?

Here's what ya do: you send the uneducated (stupid) ones in first, giving the educated ones time to figure out what to do. ;)

48   Bap33   2011 Jul 17, 12:20pm  

I disagree. The education system is absurd and is only a goldenchild of the left becasue it gave them direct access to the youth to force upon them their leftist anti-God/American/Freedom queer way of thinking.

And no, an education system of any type is not possible without a defense to ensure FREEDOM to learn as you wish, where you wish. The first thing leftist or communist or Arabists do is attack the educational process and who gets educated. Only a strong military gives you the access to education miss, since those crazy arabs' first order of business is to outlaw female education.

also, your connection between uneducated and stupid is not correct in my book.

49   marcus   2011 Jul 17, 12:31pm  

Bap33 says

I disagree. The education system is absurd and is only a goldenchild of the left becasue it gave them direct access to the youth to force upon them their leftist anti-God/American/Freedom queer way of thinking.

Nominated for stupidest things ever said on Patrick.net

50   elliemae   2011 Jul 17, 1:27pm  

Bap33 says

The first thing leftist or communist or Arabists do is attack the educational process and who gets educated.

So, you believe that publicly funded education is a luxury and that you believe our education system is absurd.

Are you leftist, or communist, or an Arabist? By your own definition, you're one of 'em.

Bap33 says

Only a strong military gives you the access to education miss, since those crazy arabs' first order of business is to outlaw female education.

What is an "education miss?"

51   Bap33   2011 Jul 17, 2:00pm  

no, I aint one of them. But, I would like to see a voucher system. Teachers and higher education are so far to the left it is disgusting.

"education miss" was a case of bad punctuation. I was speaking to you (or any female) and should have put a comma after education. Does that make it easier to see? I write like crap.

52   marcus   2011 Jul 17, 2:17pm  

Bap33 says

Teachers and higher education are so far to the left it is disgusting.

I'm a teacher in LA. Not that you will believe me (actually being there), but the many teachers I know are not particularly left wing. Yes, more are democrats than republican, but you have it backwards. Teachers are likely to be democrats because democrats support them.

I am a Math teacher, and I assure you that I very rarely share any political opinions with students. I come here to vent. Although I know that I see myself as very moderate, and actually even as a true conservative, whereas to you I may be practically a communist.

One of my best teacher friends is a republican, that is the old fashioned conservative kind, not a right wing fundamentalist wacko (no offense) kind that are so prevalent now. Forgive my rambling here, but my point is that I am actually fairly moderate on most issues and most teachers I know are as well.

53   marcus   2011 Jul 17, 2:22pm  

I guess on the "guns, gays and God" trio teachers are sort of left wing.

But that's because they are educated (and a little above average intelligence), and they know that these have nothing to do with actual governance that will occur, and are only about the marketing that will get people like you to vote against your own interests.

54   Bap33   2011 Jul 17, 2:56pm  

I think I can see where you left the rails now. I said the "education system" .. the entity .. the whole monster ... I did not mean to say the individual cells (teachers) that make up the monster were all bad. Just most, many, lots and lots, but not all. Since math is your bag, I'll give ya a pass for reading comprendo-ing. lol

Also, it should be mentioned that you teach an applied science that has no room for personal interpratation. No need for sexes or races or politics. But, when you open that math book of any junior high kid you will see OBVIOUS installations of all three of those non-math items. Right? Right!

55   FortWayne   2011 Jul 17, 2:58pm  

Troy says

eg. people with money have connections, credit, and the luxury of being able to bounce back from multiple failures (cf Trump). Poor people have little of that.

It has always been that way. Rich always had more chances in life and more opportunities. That has never changed and never will. Yet, today if one is willing they can accomplish greatness from being a nobody. It is harder with more competition out there, but it is possible.

Hard work, is what the greatest generation was not afraid of. Today many people avoid it like plague.

56   marcus   2011 Jul 17, 3:25pm  

Bap33 says

But, when you open that math book of any junior high kid you will see OBVIOUS installations of all three of those non-math items. Right? Right!

You must be drinking tonight because the lack of inhibition is causing you to show some truly scary ignorance. Wtf are you talking about ? Man, I've always respected your manners on here, which are better than mine, I dare say. But when your beliefs slip out, we find out how incredibly FAR FAR FAR FAR to the CRAZY CRAZY right you are.

You scare me very much for the future of our country Bap. They've got you by the soul. No offense, but thank your lucky stars you weren't born in Germany around 1910 or so. God only knows what they would have had you believing, and doing.

57   marcus   2011 Jul 17, 3:32pm  

Bap33 says

Since math is your bag, I'll give ya a pass for reading comprendo-ing

I comprehended this.

Bap33 says

it gave them direct access to the youth to force upon them their leftist anti-God/American/Freedom queer way of thinking.

This implies that teachers, who are the ones with direct access would have to believe and teach these views, I'm sorry, force these views, on to children.

Sorry, I'm sure that teaching them your fear, hate and extremely twisted views would better prepare them for the coming fascist government that you apparently want so badly.

Secular humanism, ooooooh scary evil stuff.

58   Â¥   2011 Jul 17, 5:22pm  

marcus says

You must be drinking tonight

my surmise, too

God only knows what they would have had you believing, and doing.

The Nazis weren't doing more than the people wanted. Well, 60% of them or so.

There was a liberal left in that country (AFAIK centered mostly towards Hamburg and the Ruhr) whose leaders had been jailed and exiled starting in 1933, so they were dragged along for the ride.

The 1930 Federal election was interesting:

http://en.wikipedia.org/wiki/German_federal_election,_1930

Social Democratic Party of Germany (SPD) 24.5%
National Socialist German Workers Party (NSDAP) 18.3%
Communist Party of Germany (KPD) 13.1%
Centre Party (Z) 11.8%

The rest, 32%, were split among mostly reactionary right fringe parties (except for the 3.8% for the German Democratic Party, who were "progressive")

So right here we see the conservative have ~60% of the vote sewn up -- Nazis, Centre Party, and the fringe. The Centre Party was socially conservative and not revisionist WRT the Weimar constitutional order, but in 1933 they chose to throw the SPD under the bus and let Hitler have his Enabling Act, so he could do some housecleaning.

The KPD were the Naderite purity trolls of the era, them and the SPD never got along all that well since the SPD sold them down the river during the revolutionary birth of the Weimar Republic.

So in Germany, the sensible left was outnumbered and outgunned by the right. The left and center had around 50% but they couldn't coalition together to hold the Weimar system together.

This is what happened up in Canada recently and is probably what's going to happen here later this decade. I don't think this country is smart enough to figure out what's going down.

59   marcus   2011 Jul 18, 12:16am  

Nomograph says

It is FAR easier to succeed today then ever before in the entire history of mankind.

I wish this were true. If you are speaking in geological time, where "now" includes 15 or 40years ago, then yes. Or if you are talking about the prospects for the most intelligent and best educated in the sciences or engineering, then yes.

But if you think that it's "easier than ever before" now, for average intelligence people coming out of average colleges with majors in business or communications or liberal arts etc, then you aren't paying attention. We are still in a terrible recession.

But I will acknowledge that believing what you are saying would be the optimal belief to hold.

60   zzyzzx   2011 Jul 18, 12:16am  

elliemae says

Our defense budget isn't about protecting our country. It's about spending ridiculous amounts of money on boondoggles and planes that don't work and military bases we don't need and equipment & electronics that don't work - and the lives of our young. The

Our education budget isn't about educating our youth. It's about employing asn many people as possible and padding the pockets of the teacher's unions.

61   marcus   2011 Jul 18, 12:23am  

zzyzzx says

padding the pockets of the teacher's unions

Says the angry misinformed right wing extremist.

What are the "teachers unions" to you ? Couldn't have have just said "the teachers." Yes, teachers these days are so coddled, and under-worked, and overpaid. It's a travesty.

62   tatupu70   2011 Jul 18, 12:28am  

Seriously--that's the biggest issue with some here? Teachers' unions? Sure there are some districts with overpaid teachers. Usually they are in very rich areas. And the people who live within their boundaries are probably happy to overpay them.

But with all the problems this country has, teachers' unions is the one that you choose to cry about? Are you kidding me?

63   HousingWatcher   2011 Jul 18, 12:53am  

For a profession that requires a master's degree and certification, teachers are not exactly overpaid. A NYC public school teacher starts off at aout $55,000. In contrast, a BigLaw associate starts at $160,000.

64   marcus   2011 Jul 18, 1:03am  

HousingWatcher says

A NYC public school teacher starts off at aout $55,000

That would be with a masters. Closer to $45,000 with only a bachelors degree.(look it up, the salary schedule is easy to find)

65   HousingWatcher   2011 Jul 18, 1:06am  

Your required to get a master's degree within 5 years of being hired, hence why I excluded the salary with only a BS. And I clearly inducated in my post that I was referring to those with a amsters degree.

66   Bap33   2011 Jul 18, 3:05am  

@marcus,
I was not drinking. I very rarely drink at all and when I do it is whiskey, but I do not get drunk. I have never been drunk. I have never, ever been drunk. I have never smoked anything nor done any illegal drug. Asprin, Vicks, and very few pain meds after major surgery -- that's it. Thanks for asking.

I was refering to the changes put into school books by the PC Police to make sure all sexes and races were included in whatever way posible. And doing so was a pure political issue. So, all three items - sexes, races, and politics were pushed into the school system by the PC Police. The PC Police demanded crap like having word problems have more "ethnic" names and the drawings associated with them have more "ethnic" faces. The same system is used to have Adam and Steve be slipped into the school books too. Now, if you are going to suggest there is no effect from these changes being made, then you have to share why in the world the changes WERE made and why in the world the books used to teach a subject that remains unchanged - math for example - need to be re-wrote, adjusted and complete new design books bought (for millions) each year. Why is that? The books that were used to teach my dad, mom, me, my brother, and most of the over-40 crowd on here, did so with no trouble ..... but .... in my day the political message was American Patriotism. Almost everything depected in my school books was all about pro-AMerican, flags, heros, conservative normalcy, stuff like that. The school books of today do not carry a positive theme, they carry a liberal/leftist/socialist/anti-American/anti-God very much queer (not just the sexual kind) World Order theme. P.C. Police infected the young minds of the past and created the population (with a little help from drugs and porn) that is now willing to let America fall-- as the anti-AMerican, anti-God, progressive/liberal/leftist/socialists/communists knew they would back in the late 50's when they started their march to where we are now. Look around. Everything is 180* out of phase. If you do not see that, then your view has been spun too. While you have personally attacked a few times, vailed and not, I choose not too.

Teachers come in two obvious models - A & B:
Model-A was born to teach and the kids respond. THis person does not punch the time clock, but does what they can to put the information in the kid's mind. This person fully undrstands that there are more lessons being taught then the ones in the lesson planner. This person is a teacher for the kids and not the money. This person is not liked by Model-B teachers.
Model-B was a great student, loved learning, and went to school and kept learning. They then graduated and found out that they had no skills, no drive, no talent, but they felt they DESERVED to be paid for their DEGREE, so they went back into the school room as a teacher. Where they now transfer their lazy, angry, skilless, empty life to kids that have to be there. That is about 95% of the California teachers at this time. The EDUCATION SYSTEM is the problem in California because they have people acting as teachers that are not friggin teachers. It is set up now so that teachers are made of people that had the money or ability to gain a degree, and that shows the absurd lack of intellect in the system. The best teacher is very rarely the best student. They are two different roles. Two different personalties. If a person has enough money they can buy that degree. The currect system is flawed from it's roots. A great teacher is BORN, not created by some education system. BORN ... created that way by God ... just like all great teachers, coaches, preachers, artists, mechanics, writers ... they are BORN with something that allows them to relate to their subjects/tasks better than others. In the current educational system they have a mantality that equates to having the best player be the coach. Take 30 seconds in Google and you will find that the top ten best coaches in the professional ranks, or college ranks, of all time, were not the best player. Some were never players of the sport at all. The educational system is absurd because it is being mis-used. And, yes, teachers are way way way over-paid in 75% of cases. That whole thing about "degree and certified" is something the educational system drempt up. It carries no valid weight. THere is nothing about a masters or bacholers or any other degree that ensures a teacher will be any good at friggin teaching. All that degree shows is a good friggin STUDENT!! This is so frustrating at times. It' so easy to see from here, yet you folks sit on that side and don't see it. I guess that's just how things are supposed to go. And, yes, it is written that in the end times things will be 180* out of phase .. right wrong, good bad, ect.

I have had good teachers and bad teacher. If you have never noticed the difference, then that may be why you don't see the other bigger picture stuff too. ANd that would make sense.

In California the teacher union has a LAW on the books that guarentees them a raise every year for their first ten years of service after coming off probation. The teachers also get paid more for each certificate or degree they get from being a student. After a teacher is full time (12 months) it is very hard to remove them, no matter how horrible they are. Teacher's have no minimum results. If they show up, turn in the lesson plan, and every kid fails to grasp the information, the teacher is still paid in full. Most teahcers I know are married to other teachers. Teachers get every weekend off, every holiday, all summer, and get paid when weather closes school. What California teachers have become is Degree = Cash intitlement -- thanks to union money going to greed driven politicos. The largest employee group in my county is the school district. The larget employee group in every city in my county is the city schools. The average teacher pay in this county is 250% above average wages. That makes for a loud political voice when there is that much money held by one group.

Lets get some vouchers so the private schools with the strict discipline and non-degree teachers can be accessed by more people, and then we will see just how wasteful and uneffective the educational system in place now is, dollar for dollar. Who is against vouchers? Oh ya, that's right, public teacher union. Weird.

Ok, flame away. lol. By the way, were you drinking?

67   Bap33   2011 Jul 18, 3:15am  

As for the topic, I think any company that can do their business in another state is doing so. I also think that any comapny that can do their business in California is doing so.

And you can replace "another state" and "California" with any other state or country or on-line, and it still is true in my opinion.

68   Bap33   2011 Jul 18, 3:22am  

Nomograph says

The key to success is education, and don't ever let anyone tell you differently

Doc, you are correct. But, you have to remember that some folks on here equate "education" with "school room" or "school book", and I know that is not what you mean. I fully understand that you mean "education" in it's purest form, and you are correct. To get better at or learn anything requires full attention and full recall of all mistakes made previous -- and that's education. When anyone quits learning they are in trouble.

69   zzyzzx   2011 Jul 18, 3:38am  

HousingWatcher says

Your required to get a master's degree within 5 years of being hired, hence why I excluded the salary with only a BS. And I clearly inducated in my post that I was referring to those with a amsters degree.

So? Just because one goes to college doesn't guarantee them a steady, high paying job anymore. Why should teachers be any different?

70   zzyzzx   2011 Jul 18, 3:39am  

HousingWatcher says

For a profession that requires a master's degree and certification, teachers are not exactly overpaid. A NYC public school teacher starts off at aout $55,000. In contrast, a BigLaw associate starts at $160,000.

When you figure in that that's for 9 months of work, and lavish pensin benefits, annual raises, and full medical and dental with copays so low that they are unheard of in the private sector, that's a pretty sweet deal.

71   Honest Abe   2011 Jul 18, 3:44am  

Zzyzzx - you forgot the biggest "perk" of all...TENURE.

72   FortWayne   2011 Jul 18, 3:56am  

HousingWatcher says

Your required to get a master's degree within 5 years of being hired, hence why I excluded the salary with only a BS. And I clearly inducated in my post that I was referring to those with a amsters degree.

thats for working only 9 month out of the year. Most people start at 40 to 45 grand and work 12 month.

73   MisdemeanorRebel   2011 Jul 18, 4:01am  

Right, how much would you pay somebody to babysit a kid for 6 hours?

$40 to the girl next door, no?

How about babysitting 30+ kids for 6 hours?

$1200? Okay, we'll give a bulk discount of 75%, what a bargain! Call it $300.

How about not only babysit 30+ kids for 6+ hours, but actually get them to pay attention and learn something - enough so they all pass a standardized test at the end of the year and score as high as possible?

How much is THAT worth?

Not to mention, put up with parents who each think their kid is a combination young Einstein and baby Mark Spitz, who give them sugary pop-tarts washed down with Hi-C with 3 teaspoons of sugar before they drop them off with you?

74   Â¥   2011 Jul 18, 4:05am  

yeah, there's no wealth-creation involved with teaching. What a dead loss. Kids should be feral.

75   Akki   2011 Jul 18, 4:37am  

I wonder if NY/NJ is in same boat

76   MisdemeanorRebel   2011 Jul 18, 4:37am  

Troy says

Kids should be feral.

Nah, they should know just enough math to ring a register and count palettes of imported goods; and enough literacy to read the shelving circular.

Only those who have already proven their superior worth to society by organizing SIVs, MBS tranches, filing overbroad patent lawsuits to hassle entrepreneurs, and incorporating Cayman Island holding companies - aka "Creating Wealth" - need send their kids for a true quality education.

Anything more would be Red Socialism.

77   tatupu70   2011 Jul 18, 4:50am  

EMan says

HousingWatcher says



Your required to get a master's degree within 5 years of being hired, hence why I excluded the salary with only a BS. And I clearly inducated in my post that I was referring to those with a amsters degree.


thats for working only 9 month out of the year. Most people start at 40 to 45 grand and work 12 month.

Just curious-- If being a teacher is such a great deal, why didn't you go into teaching?

78   Truthplease   2011 Jul 18, 5:28am  

Wow, and in two years I am moving on from the military to work on a MAEd using my GI Bill. I want to take a low rate salary and work on improving our children's education. I am a gluton for punishment!

Seeing the resentment out there is sad. I am not a teacher so I can't tell you what the struggles are. I am sure poor areas have more societal issues than teacher performance issues, but that is a guess.

I know one thing; blaming teachers for poor education is like blaming a private for the failings of a war. I believe we could do a better job so I am determined to jump in and see what I can change.

79   simchaland   2011 Jul 18, 5:56am  

tatupu70 says

EMan says




HousingWatcher says

Your required to get a master's degree within 5 years of being hired, hence why I excluded the salary with only a BS. And I clearly inducated in my post that I was referring to those with a amsters degree.

thats for working only 9 month out of the year. Most people start at 40 to 45 grand and work 12 month.



Just curious-- If being a teacher is such a great deal, why didn't you go into teaching?

Yes, why don't you do that Eman?

My father was a high school English teacher fo 35 years+ in Illinois. All of you ignorant fools who bash teachers have no clue what goes into being a teacher and how much work it actually is. My father was ALWAYS working, even in the Summer. But the summer work was unpaid.

Let me explain. Teaching isn't a job you leave at the office, if you are at all good at it and even if you don't go that much above and beyond the requirements of doing your job. On his "off hours" my Dad always had papers to grade, parents to call, students questions to answer (Yes he was available to students through email. He even created his own website for his classes so that the students had access to all study materials online and could reach him outside of class time for help.), lessons to plan, and classes to take for continuing education required to keep his teaching license. If I couldn't sleep and I'd get up at about 3:00am, I'd get up to find him working. He even went in on Saturdays during while school was in session to run a workshop for his students so that they could come in and get extra in-person help.

Summers were not for "lounge around" time. It was time for him to clean and organize his classroom for the next year. It was time to plan a new year's worth of lessions. He would often take continuing education classes during this time because his schedule was more free. Also my Dad took extra work after earning a few more masters degrees and certificates to do curriculum development at the District and State levels. This work was year-round, including Summers. Most of this was work he wasn't paid to do.

Of course some of my Dad's friends were teachers too and they had similar work ethics and seemed to never really be "off" during their "free time."

It's become popular to bash teachers these days such that it's become cliché. Yes there are bad teachers, just like in any profession there are always people who suck at their job. Most teachers, on the other hand, aren't the caricatures that the teacher bashers create without thinking or knowing any teachers personally.

My Dad's worked anywhere from 60-70 hours each week for 40 hours worth of pay for 9-10 months out of the year. My Dad happened to be an exceptional teacher. I know this because I always ran into his former students who always gushed about him. And when he died the wake and the funeral were full of people who we didn't know who knew my Dad through working with him or having been students of his. The funeral train was almost 2 miles long. The Chicago Tribune and Daily Herald ran articles about my Dad and his accomplishments that were unsolicited by the family.

Not all teachers are exceptional. Even the average ones put in more hours than the simple 40 hours for which they get paid. And they work during the Summer without pay to prepare for the next year.

So, yeah, I guess I take all of the latest teacher bashing personally. My Dad was so busy I almost didn't know he was there sometimes. He was at work 6 days per week. On Sundays he was often in his at home office working. He did take time in summers to be with us for a few weeks for summer camp and vacations (when I was young we didn't go on vacations because we couldn't afford it because of how crappy his pay was as a new teacher back in the 70's and early 80's). In fact when I was really young he took summer jobs beyond the work he was doing unpaid for the school so that we could afford the basics.

Yes, I have fond memories of my Dad, and I'm very proud to be his son. But, because his work was so all-consuming, he wasn't always there. Believe it or not, even with that crazy work ethic, he was present at soccer games, swim meets, Boy Scouts, etc. But he wasn't always there for the day-to-day stuff. And when he was he was often passed-out asleep because of the energy expended for his profession.

So, yes, I take it personally when people who have no clue what teachers actually do or how they live and how it affects their families bash all teachers indiscriminately without qualification.

80   corntrollio   2011 Jul 18, 7:02am  

ppexx says

I have lived in both areas and for Cali will soon be Detroit with good weather

I doubt it. If you ever lived in California, you probably wouldn't call it Cali. Only rappers do that.

81   corntrollio   2011 Jul 18, 7:03am  

HousingWatcher says

I too agree that govt. spending is bad EMan. WHich is why I have personally wrote a letter to Obama telliing him to stop sending all Social Security checks to your parents and not to send a single one to you when your 65.

Also, I am rescinding all of your tax deductions and tax credits, and any other tax preferences. From now on, you only pay the marginal rates on your gross income.

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