Democratic super majority leads California to a "budget surplus". True story.

[rdean]

In 2010, he said, when many other states were electing tea party Republicans to office, California elected a Democratic governor. Without a Republican governor or state legislator “cock blocking” efforts at reform, the state was able to raise taxes and reorganize spending and turn its massive deficit into a budget surplus.

“Here in California, we’re not just gluten-free and soy-free and peanut-free,” he said, “we’re tea party-free! Yes, we can live in reality.”

California's economy is booming

While the Republican Party threatens to bankrupt the nation, insisting that making additional spending cuts is the only way they’ll vote to pass a new budget, the State of California is heading for a banner year with a surplus in the billions of dollars.

How did Governor Jerry Brown do it? He raised taxes on the rich, that’s how.

California Headed For Budget Surplus After Taxing The Rich

--------------------------------------------------------------

Hilarious. Republicans on the USMB have cheered Republican policies that have led the country into bankruptcy. Most of all, they made fun of Republican led California.

With a super majority and a Democratic Governor, California will have a budget surplus.

While business in California is booming, in Texas, they are exploding. No really. They are literally exploding.

 

[Avorysuds]

This message is hidden because rdean is on your ignore list.

Reps to those that post the same.

 

[rdean]

This message is hidden because rdean is on your ignore list.

Reps to those that post the same.

The truth scares you, doesn't it?

 

[Dont Taz Me Bro]

This message is hidden because rdean is on your ignore list.

He's been on it for a couple of years LOL

 

[BorisTheAnimal]

Meanwhile, businesses will continue leaving Communistfornia in droves.

 

[rdean]

Meanwhile, businesses will continue leaving Communistfornia in droves.

Business wants to hire smart people. If they move to Red States, they will need to bring in workers. Republicans are too stupid to do any really complicated jobs.

 

[BorisTheAnimal]

Meanwhile, businesses will continue leaving Communistfornia in droves.

Business wants to hire smart people. If they move to Red States, they will need to bring in workers. Republicans are too stupid to do any really complicated jobs.

Hey shit for brains Communist. lemme ask a serious question. Do you think leftist rule is a good thing? Look at your urban shithole of Detroit! Communistfornia won't last long with this bullshit!

 

[Stephanie]

Move over DETROIT

here comes California

when they get done taxing and passing regulation after regulation on all the businesses and RUN THEM OUT of that state you will have, a third world state like, Detroit

but the fat cat politicians AND Unions will be living high off the hogs

 

[jwoodie]

In 2010, he said, when many other states were electing tea party Republicans to office, California elected a Democratic governor. Without a Republican governor or state legislator “cock blocking” efforts at reform, the state was able to raise taxes and reorganize spending and turn its massive deficit into a budget surplus.

“Here in California, we’re not just gluten-free and soy-free and peanut-free,” he said, “we’re tea party-free! Yes, we can live in reality.”

California's economy is booming

While the Republican Party threatens to bankrupt the nation, insisting that making additional spending cuts is the only way they’ll vote to pass a new budget, the State of California is heading for a banner year with a surplus in the billions of dollars.

How did Governor Jerry Brown do it? He raised taxes on the rich, that’s how.

California Headed For Budget Surplus After Taxing The Rich

--------------------------------------------------------------

Hilarious. Republicans on the USMB have cheered Republican policies that have led the country into bankruptcy. Most of all, they made fun of Republican led California.

With a super majority and a Democratic Governor, California will have a budget surplus.

While business in California is booming, in Texas, they are exploding. No really. They are literally exploding.

Why don't you share with us the specific policies and economic theory which has resulted in this "surplus?" Why didn't they produce a similar result at the federal level in 2009-2010? I doubt you live in California because, if you do, you should know that this is a bogus budget based on unrealistic revenue projections and ignoring billions of dollars in unfunded public employee pension costs.

 

[Political Junky]

Bill Maher did a helluva job describing California, thanks for bringing it up.

[ame=http://www.youtube.com/watch?v=fJFuZpYWr-k]Bill Maher: California is leading America to a Moderate Liberal Nation - YouTube[/ame]

 

[Trajan]

budget surplus...

 

[rdean]

In 2010, he said, when many other states were electing tea party Republicans to office, California elected a Democratic governor. Without a Republican governor or state legislator “cock blocking” efforts at reform, the state was able to raise taxes and reorganize spending and turn its massive deficit into a budget surplus.

“Here in California, we’re not just gluten-free and soy-free and peanut-free,” he said, “we’re tea party-free! Yes, we can live in reality.”

California's economy is booming

While the Republican Party threatens to bankrupt the nation, insisting that making additional spending cuts is the only way they’ll vote to pass a new budget, the State of California is heading for a banner year with a surplus in the billions of dollars.

How did Governor Jerry Brown do it? He raised taxes on the rich, that’s how.

California Headed For Budget Surplus After Taxing The Rich

--------------------------------------------------------------

Hilarious. Republicans on the USMB have cheered Republican policies that have led the country into bankruptcy. Most of all, they made fun of Republican led California.

With a super majority and a Democratic Governor, California will have a budget surplus.

While business in California is booming, in Texas, they are exploding. No really. They are literally exploding.

Why don't you share with us the specific policies and economic theory which has resulted in this "surplus?" Why didn't they produce a similar result at the federal level in 2009-2010? I doubt you live in California because, if you do, you should know that this is a bogus budget based on unrealistic revenue projections and ignoring billions of dollars in unfunded public employee pension costs.

Let me make sure I understand this. Someone who believes in "trickle down", supported two unfunded wars and had no problem with trillions in tax cuts offset by nothing and at the same time, moving millions of jobs to China while tens of thousands of American factories were being closed down is going to explain why surplus creating policies don't work?

 

[Trajan]

lets put this bullshit to rest-


snip-

The real score in California, however, demonstrates that the budget is not really balanced and there is nothing but trouble ahead.

First, to use Jerry Brown’s own words, California has a “wall of debt,” which doesn’t include unfunded pension and medical liability – and that wall of debt is NOT included in the budget. The total amount of that debt is somewhere in the $27 billion range and includes over $10 billion owed to the federal government. That money was used to fund California’s Unemployment Insurance Fund, and California seems to have no plan to pay it back – a sort of “reverse” unfunded mandate, if you will.

The fact that California began borrowing that money in 2009 demonstrates the fallacy of the prior claims of balanced budgets. The fact that it is kept off budget, like the other debt mentioned above, demonstrates the fallacy of the 2013-14 budget.

Of course, California has far greater debts than that. One study showed that California governments are over $1 trillion in debt. Most of that is in the form of unfunded pension and medical liabilities owed to state employees. California’s Legislative Analyst told Brown and the Democrat-run legislature to increase the contributions to the state’s teacher’s pension fund by a paltry $4.5 billion to address its announced $73 billion short fall.

The new budget, which includes a call for an increase in spending of 26.2% over the next four years, ignores the Legislative Analyst’s advice. Keep in mind that the main public employee retirement fund is said to be underfunded by $329 billion and that the unfunded medical benefit deficit is said to be $64 billion in the red. The latter figure, according to Brown, is expected to grow 59% in the next four years.

If you ignore all that, then California has close to a balanced budget. I say “close” because, in fact, the so-called balanced budget steals (sorry – “borrows&#8221 $500 million from the State’s cap-and-trade environmental emission reduction program. Brown’s budget does that even with the recently passed, retroactive tax increase that produced higher-than-expected revenues.

more at-

Jerry Brown Stands Atop California's Collapsing House Of Cards - Forbes

 

[rdean]

lets put this bullshit to rest-


snip-

The real score in California, however, demonstrates that the budget is not really balanced and there is nothing but trouble ahead.

First, to use Jerry Brown’s own words, California has a “wall of debt,” which doesn’t include unfunded pension and medical liability – and that wall of debt is NOT included in the budget. The total amount of that debt is somewhere in the $27 billion range and includes over $10 billion owed to the federal government. That money was used to fund California’s Unemployment Insurance Fund, and California seems to have no plan to pay it back – a sort of “reverse” unfunded mandate, if you will.

The fact that California began borrowing that money in 2009 demonstrates the fallacy of the prior claims of balanced budgets. The fact that it is kept off budget, like the other debt mentioned above, demonstrates the fallacy of the 2013-14 budget.

Of course, California has far greater debts than that. One study showed that California governments are over $1 trillion in debt. Most of that is in the form of unfunded pension and medical liabilities owed to state employees. California’s Legislative Analyst told Brown and the Democrat-run legislature to increase the contributions to the state’s teacher’s pension fund by a paltry $4.5 billion to address its announced $73 billion short fall.

The new budget, which includes a call for an increase in spending of 26.2% over the next four years, ignores the Legislative Analyst’s advice. Keep in mind that the main public employee retirement fund is said to be underfunded by $329 billion and that the unfunded medical benefit deficit is said to be $64 billion in the red. The latter figure, according to Brown, is expected to grow 59% in the next four years.

If you ignore all that, then California has close to a balanced budget. I say “close” because, in fact, the so-called balanced budget steals (sorry – “borrows”) $500 million from the State’s cap-and-trade environmental emission reduction program. Brown’s budget does that even with the recently passed, retroactive tax increase that produced higher-than-expected revenues.

more at-

Jerry Brown Stands Atop California's Collapsing House Of Cards - Forbes

Only Republicans can look at a state that was in the hole over 20 billion, and now they are almost at a surplus, call that a "failure". No wonder they keep trying to fuck the country. They think the bigger the deficit, the better we are doing.

 

[Billo_Really]

In 2010, he said, when many other states were electing tea party Republicans to office, California elected a Democratic governor. Without a Republican governor or state legislator “cock blocking” efforts at reform, the state was able to raise taxes and reorganize spending and turn its massive deficit into a budget surplus.

“Here in California, we’re not just gluten-free and soy-free and peanut-free,” he said, “we’re tea party-free! Yes, we can live in reality.”

California's economy is booming

While the Republican Party threatens to bankrupt the nation, insisting that making additional spending cuts is the only way they’ll vote to pass a new budget, the State of California is heading for a banner year with a surplus in the billions of dollars.

How did Governor Jerry Brown do it? He raised taxes on the rich, that’s how.

California Headed For Budget Surplus After Taxing The Rich

--------------------------------------------------------------

Hilarious. Republicans on the USMB have cheered Republican policies that have led the country into bankruptcy. Most of all, they made fun of Republican led California.

With a super majority and a Democratic Governor, California will have a budget surplus.

While business in California is booming, in Texas, they are exploding. No really. They are literally exploding.

California is kick ass!

We're the best state and everyone knows it.


And we got the hottest babes in the country.
A Virginia 10, is a California 5.

 

[Trajan]

lets put this bullshit to rest-


snip-

The real score in California, however, demonstrates that the budget is not really balanced and there is nothing but trouble ahead.

First, to use Jerry Brown’s own words, California has a “wall of debt,” which doesn’t include unfunded pension and medical liability – and that wall of debt is NOT included in the budget. The total amount of that debt is somewhere in the $27 billion range and includes over $10 billion owed to the federal government. That money was used to fund California’s Unemployment Insurance Fund, and California seems to have no plan to pay it back – a sort of “reverse” unfunded mandate, if you will.

The fact that California began borrowing that money in 2009 demonstrates the fallacy of the prior claims of balanced budgets. The fact that it is kept off budget, like the other debt mentioned above, demonstrates the fallacy of the 2013-14 budget.

Of course, California has far greater debts than that. One study showed that California governments are over $1 trillion in debt. Most of that is in the form of unfunded pension and medical liabilities owed to state employees. California’s Legislative Analyst told Brown and the Democrat-run legislature to increase the contributions to the state’s teacher’s pension fund by a paltry $4.5 billion to address its announced $73 billion short fall.

The new budget, which includes a call for an increase in spending of 26.2% over the next four years, ignores the Legislative Analyst’s advice. Keep in mind that the main public employee retirement fund is said to be underfunded by $329 billion and that the unfunded medical benefit deficit is said to be $64 billion in the red. The latter figure, according to Brown, is expected to grow 59% in the next four years.

If you ignore all that, then California has close to a balanced budget. I say “close” because, in fact, the so-called balanced budget steals (sorry – “borrows”) $500 million from the State’s cap-and-trade environmental emission reduction program. Brown’s budget does that even with the recently passed, retroactive tax increase that produced higher-than-expected revenues.

more at-

Jerry Brown Stands Atop California's Collapsing House Of Cards - Forbes

Only Republicans can look at a state that was in the hole over 20 billion, and now they are almost at a surplus, call that a "failure". No wonder they keep trying to fuck the country. They think the bigger the deficit, the better we are doing.

smoke another bowl.....

 

[daveman]

lets put this bullshit to rest-


snip-

The real score in California, however, demonstrates that the budget is not really balanced and there is nothing but trouble ahead.

First, to use Jerry Brown’s own words, California has a “wall of debt,” which doesn’t include unfunded pension and medical liability – and that wall of debt is NOT included in the budget. The total amount of that debt is somewhere in the $27 billion range and includes over $10 billion owed to the federal government. That money was used to fund California’s Unemployment Insurance Fund, and California seems to have no plan to pay it back – a sort of “reverse” unfunded mandate, if you will.

The fact that California began borrowing that money in 2009 demonstrates the fallacy of the prior claims of balanced budgets. The fact that it is kept off budget, like the other debt mentioned above, demonstrates the fallacy of the 2013-14 budget.

Of course, California has far greater debts than that. One study showed that California governments are over $1 trillion in debt. Most of that is in the form of unfunded pension and medical liabilities owed to state employees. California’s Legislative Analyst told Brown and the Democrat-run legislature to increase the contributions to the state’s teacher’s pension fund by a paltry $4.5 billion to address its announced $73 billion short fall.

The new budget, which includes a call for an increase in spending of 26.2% over the next four years, ignores the Legislative Analyst’s advice. Keep in mind that the main public employee retirement fund is said to be underfunded by $329 billion and that the unfunded medical benefit deficit is said to be $64 billion in the red. The latter figure, according to Brown, is expected to grow 59% in the next four years.

If you ignore all that, then California has close to a balanced budget. I say “close” because, in fact, the so-called balanced budget steals (sorry – “borrows”) $500 million from the State’s cap-and-trade environmental emission reduction program. Brown’s budget does that even with the recently passed, retroactive tax increase that produced higher-than-expected revenues.

more at-

Jerry Brown Stands Atop California's Collapsing House Of Cards - Forbes

Only Republicans can look at a state that was in the hole over 20 billion, and now they are almost at a surplus, call that a "failure". No wonder they keep trying to fuck the country. They think the bigger the deficit, the better we are doing.

California Democrats believe that.

Report: California?s Actual Debt At Least $848B; Could Pass $1.1T « CBS Sacramento

SACRAMENTO (CBS13) – The combined debt of California’s state and local governments is at least $848 billion and could escalate past $1.1 trillion, according to a new report.

The California Public Policy Center – focused on the analysis of California’s financial information on the state and local government levels — based its findings on official reports from the offices of the state controller and treasurer.

--

The total $848.4 billion state and local government debt is called a “low estimate” by the report.

Adding, California’s long-term debt acquired by K-12 schools, cities, counties, special districts and redevelopment agencies as well as unfunded pension liabilities and future retirement healthcare could balloon the debt to $1.13 trillion.​

Governor Moonbeam lied to you. And you're so stupid, you believed him.

Moron.

 

[CrusaderFrank]

CA: If you ignore the debts, we have a balanced budget

 

[rdean]

CA: If you ignore the debts, we have a balanced budget

That's what Bush said.

 

[daveman]

CA: If you ignore the debts, we have a balanced budget

That's what Bush said.

That would, of course, be a lie...but even assuming it's true, you condemn Bush for it, and praise CA for it.

Typical prog hypocrisy. There is absolutely NOTHING you won't excuse your side doing.