California governor unveils ambitious water plan

[Penny Lane 8,159]

Man, I miss Sarah Palin. I don't want her to be in power, or have any control of ANYTHING EVER ... but I sure miss her. She was endless hilarity.

[JohnR! 5,495]

1343418387[/url]' post='5561838']

California can be the largest economy in the world...

it is not. On its own, it is the 8th. largest economy. The United States is still the largest economy in the world.

[Bad_Daddy 2,209]

This shows the intelligence of this board when you get two plus 1's by posting a jpeg right after I burned you in a post.

it is not. On its own, it is the 8th. largest economy. The United States is still the largest economy in the world.

You missed the entire point of my post. It's about spending more $$$$ than you take in.

[JohnR! 5,495]

You missed the entire point of my post. It's about spending more $$ than you take in.

Like building a bridge to nowhere.....?

[Bad_Daddy 2,209]

Like building a bridge to nowhere.....?

I'm not sure how that plays in with the fact California is $15.8 billion dollars in the hole and now it's looking at another bill of $68+ billion dollars (low ball) for it's rail system and $14 billion dollars for the water system while California cities are starting to file for bankruptcy.

Alaska on the other hand is filthy rich and had a $230+ million dollar budget surplus for 2011.

http://en.wikipedia.org/wiki/Alaska_Permanent_Fund <----- We get this money every year and no we do not have any kind of state tax here.

[Mr. Big Dog 10,747]

When Sarah left office Alaska was $42 billion dollars in the black and is now $50 billion dollars to the good while California on the other hand is $15.8 billion dollars in the red. It's because of Sarah's oil tax that Alaska gained another $10 billion dollars in it's state coffers in a three year time span.

California is setting to raise taxes again, while Alaska gives money to it's citizens once a year every year.

California is one of the states that supports the deadbeat red states - including Alaska which receives close to $2.00 from the feds for every dollar paid to the feds. California supports these deadbeats - including you.

[Bad_Daddy 2,209]

California is one of the states that supports the deadbeat red states - including Alaska which receives close to $2.00 from the feds for every dollar paid to the feds. California supports these deadbeats - including you.

And most all of that money goes to the Alaska native popluation (Eskimo & Indian) in the form of BIA dollars. It wouldn't bother me one bit if that money was cut off entirely nor would it bother most people up here other than the Alaska natives who get a free ride on Federal tax dollars.

Another chunk of those Fed dollars go to the military bases up here. Alaska has the largest missile and radar set up in the US. It's all about location and oil reserves.

So try again but this time try doing some research before hand.

Edited July 27, 2012 by Bad_Daddy

[Penny Lane 8,159]

This shows the intelligence of this board when you get two plus 1's by posting a jpeg right after I burned you in a post.

I +1'd it because the picture is funny. I have no regrets.

[Bad_Daddy 2,209]

I +1'd it because the picture is funny. I have no regrets.

Here's a shiny object.

[Penny Lane 8,159]

Here's a shiny object.

Not nearly as entertaining.

[JohnR! 5,495]

1343419374[/url]' post='5561883']

I'm not sure how that plays in with the fact California is $15.8 billion dollars in the hole and now it's looking at another bill of $68+ billion dollars (low ball) for it's rail system and $14 billion dollars for the water system while California cities are starting to file for bankruptcy.

Alaska on the other hand is filthy rich and had a $230+ million dollar budget surplus for 2011.

http://en.wikipedia...._Permanent_Fund <----- We get this money every year and no we do not have any kind of state tax here.

I guess that when you're an economy as big as California you just keep going and do what needs to be done. Perhaps that is the origin of all the jealousy and envy of those who don't live there, but then again, some people enjoy getting free money from the government. You libs are just too funny with all these welfare and government funded programs.

[JohnR! 5,495]

1343420476[/url]' post='5561923']

I +1'd it because the picture is funny. I have no regrets.

Me too. The picture is funny and accurate in its caption. Kudos to the poster!

[Bad_Daddy 2,209]

I guess that when you're an economy as big as California you just keep going and do what needs to be done. Perhaps that is the origin of all the jealousy and envy of those who don't live there, but then again, some people enjoy getting free money from the government. You libs are just too funny with all these welfare and government funded programs.

Here I'l make it simple for ya.

$5 minus $6 equals negative -$1 <----- That's California economics #101

As far as that free money goes, you would have to talk to the Alaska Eskimo's and Indians here about that. Try reading the previous post on this thread and that might give you a clue.

Edited July 27, 2012 by Bad_Daddy

[JohnR! 5,495]

1343422264[/url]' post='5561972']

Here I'l make it simple for ya.

$5 minus $6 equals negative -$1

No, it does not, but if you're happy with it, that's what really matter.

[Bad_Daddy 2,209]

http://www.nytimes.com/2012/05/13/us/huge-new-shortfall-predicted-in-california-budget.html

Shortfall in California’s Budget Swells to $16 Billion

By ADAM NAGOURNEY

Published: May 12, 2012

LOS ANGELES — The state budget shortfall in California has increased dramatically in the last six months, forcing state officials to assemble a series of new spending cuts that are likely to mean further reductions to schools, health care and other social programs already battered by nearly five years of budget retrenchment, state officials announced on Saturday.

Gov. Jerry Brown, disclosing the development in a video posted on YouTube, said that California’s shortfall was now projected to be $16 billion, up from $9.2 billion in January. Mr. Brown said that he would propose a revised budget on Monday to deal with it.

“We are now facing a $16 billion hole, not the $9 billion we thought in January,” Mr. Brown said. “This means we will have to go much further and make cuts far greater than I asked for at the beginning of the year.”

Mr. Brown disclosed the news in a video that had all the trappings of a campaign announcement. In it, he aggressively accounted for the steps he said he had taken to try to scale back a $26 billion deficit he found upon taking office. And he urged viewers to back an initiative he is putting on the November ballot that would increase sales taxes by 0.25 percent and impose an income tax surcharge on wealthy Californians to try to stave off more cuts.

State officials said Mr. Brown’s proposal would include a package of immediate cuts, as well as others that would be triggered only if voters failed to approve his tax plan. The sales tax increase would expire after four years, while the income tax surcharge would last for seven years.

State officials said the shortfall was a result of disappointing revenue collections in April as California continued to struggle to pull out of the recession. “We are still recovering from the worst recession since the 1930s,” Mr. Brown said.

Still, the state controller reported that the state had exceeded spending by $2.1 billion as well, though Mr. Brown said court rulings and other actions that restricted California from making the cuts were at least partly to blame.

At the same time, the deficit projections — which have been increasing since Mr. Brown and the Democratic-controlled Legislature approved a budget last summer — suggest that the state may have been overly optimistic in estimating what kind of revenue it would take in. That has been a repeated problem in Sacramento as officials have struggled over the past five years with the state’s worst financial crisis since the Depression. Mr. Brown, in taking office last year, pledged to end what he said were the tricks lawmakers regularly used to paper over budget shortfalls.