The California Budget

[Token]

I sure hope they do. Too bad all the union guys are exempt from this fiasco as are all the politicians.

I wish the Governator had the balls to just freeze everything except emergency services and medical. Let's see then how long it takes to balance the budget.

Untill we change the whole ballot/bond voter crap this crisis will continue.

We the people vote to fund random crap with borrowed funny money.

[can't sit still]

Token, I believe that the legislature is forbidden from working on any other business until it passes a budget. Maybe not the best motivation but, better than nothing. If the cardinals in Rome take too long to elect a new pope they shut off the heat. Imagine shutting off the AC at the capitol building until they pass a budget. Sacramento is toasty.

[ygmir]

Token, I believe that the legislature is forbidden from working on any other business until it passes a budget. Maybe not the best motivation but, better than nothing. If the cardinals in Rome take too long to elect a new pope they shut off the heat. Imagine shutting off the AC at the capitol building until they pass a budget. Sacramento is toasty.

how about shutting off the booze and porn.....better yet, the air.........

(not that I would like to see a whole new congress/legislature)..........

[can't sit still]

Ca. is looking at BIG deficits in the pension plan;
"A recent Stanford study concluded that the state pension fund program is underfunded by roughly $500 billion. The researchers urged Gov. Schwarzenegger to inject $360 billion into its public benefit systems - right now - to have an 80% chance of meeting 80% of obligations over the next 16 years.

Facing a $20 billion state budget gap, what can he possibly do?"
Right, inject $ 360 billion. Do these boneheads even listen to themselves. They talk just to hear their brains rattle.
The Daily Reckoning is claiming that municipal bonds are the next "subprime"
"And it's not just California. Orin Cramer, chairman of New Jersey's pension program, estimates a national funding gap around $2 trillion.

The municipal bond market is roughly $2.7 trillion. If Cramer is on target, that's a total liability about the size of France and Britain's annual GDP - combined."
The whole pension question is a problem with NO solution;
"Vallejo. The San Francisco suburb declared bankruptcy in 2008. Tax revenue had collapsed, a major shipyard closed and all of a sudden the city found itself paying 90% of its annual budget to retired public employee pensions. 90%!"
As munis blow the courts will make the decisions. In most cases, pensions are protected by federal law. It will eventually pit workers against retirees. UGLY.

[geekster]

Do these boneheads even listen to themselves

Of course they don't. They have no concept of the notion of "we are out of money". The Oakland police union would not budge off its demand for pay increases, a bunch of them were let go. St. Louis' police union would not budge off its demand fro pay increases, 30% of them were let go. In New Jersey, teachers were demanding a 4% pay increase in a year with no inflation and flatly refused to pay 1% of their salary ($750 a year or $62.50 per month for the average teacher) for their health benefits.

Public employees seem to believe they are somehow immune to economic reality and are entitled to a raise for having simply survived a year. A government does not produce wealth, it consumes it. So if the people who provide the capital that the city consumes are themselves unemployed or underemployed and if property values are falling, then revenues to these governments fall. But the employees' unions still demand that it go along just as it did during the boom times.

It is just crazy. The public employee unions are going to bankrupt us.

[Rabbi Dali Rick]

August is IOU time, Arny may have no choice according to Chaing...

http://www.nbclosangeles.com/blogs/prop ... 13059.html



the rebbi

[can't sit still]

Rabbi, what have you been up to?
In other states where they paid with other things besides cash, the schools had to try to stretch their other funds. I didn't work well. Neither the banks nor the vendors wanted to accept IOUs. The Ca legislature is going to "screw the pooch". They'll procrastinate to the point where Ca gets downgraded again. I believe that we're rated the same credit risk as Slovakia. Any more downgrades and credit costs will be prohibitive. Ca will still have to service about $ 62 billion in existing bonds but won't be able to borrow anything.
There is a state-aid package in congress but, it won't make up what Ca is missing.

If I remember correctly, the legislature is not allowed to work on ANY other business until the budget is passed. SO, how much new legislation do you think will pass through Sacramento? If they push it too far, the vendors will crash.
It's absolute stupidity to be gridlocked when there are NO choices. It's far cheaper to cut the crap out of everything now and avoid the added expense of a credit downgrade.
You can count on your representatives to do the stupider of the 2 choices.

[can't sit still]

"California Watch:

August 10 – Bloomberg (Michael B. Marois): “California’s tax revenue in July came in $91 million below Governor Arnold Schwarzenegger’s latest estimate, according to state Controller John Chiang. Revenue of $4.67 billion trailed projections produced in May by 1.9%... Personal income tax collections were $210.3 million, or 6.6% below the May forecast… Spending surpassed the May forecast by $963.3 million, or almost 13%... Outlays exceeded receipts by $1.23 billion for the month… California, the biggest issuer of debt among U.S. states, has been operating without a spending plan since July 1 as Schwarzenegger and the Legislature remain at odds over how to fill a $19.1 billion budget deficit. Chiang has said he may need to issue IOUs to pay bills for the second straight year if the impasse extends into next month.â€

[cowboyangel]

Gov Nazi Austrian Bonehead (did I get it all there?) did a bad job in Stallone's new film and a worse job with the state of California. These brain dead fuck ups will not get it...follow North Dakota's lead in implementing a state bank or die trying to do all the rest of the useless worn out strategies of failure. Stupid muthafos.

[can't sit still]

The California legislature has been raising costs for business. As far as they're concerned, business should pay for anything that the wonderful people of California believe that they need. The legislature has a serious vision problem. With their collective heads up their collective asses, it never occurred to them that business might do something other than "pay up"


COMPANIES LEAVING CALIFORNIA
Abraxis Health, a unit of Los Angeles-based Abraxis BioScience Inc, opened a new
plant that will create 200 jobs in 2010 -- in Phoenix . This follows the
company's Phoenix expansions that occurred in 2007 and 2008.


Alza Corp. in 2007 eliminated about 600 jobs in drug R&D while also exiting its
Mountain View , Calif. , HQ. At the time the company said that its 1,200-person
Vacaville facility will continue to operate. But the Vacaville Reporter on Oct.
23, 2009 revealed that the plant is being offered for sale by J&J, its parent
company. It's unclear if more layoffs are in the facility's future.


American AVK, a producer of fire hydrants and other water-related products,
moved from Fresno to Minden , Nevada .


American Racing moved its auto-wheel production to Mexico , ending most of its
47-year operation in California .


Apple Computer has expanded in other states, most recently with a $1 billion
facility planned for North Carolina .


Audix Corporation relocated from Redwood City , Calif. , and to accommodate
growth moved to a 78,000-square-foot facility in Wilson , Oregon .
Apria Healthcare Group of Lake Forest is shifting jobs from California to
Overland Park , Kansas , a K.C. suburb.


Assurant Inc. cut 325 jobs in Orange County and consolidated positions in
Georgia , Ohio and South Carolina .


Automobile Club of Southern California placed 1,100 jobs in Texas .
Barefoot Motors, a small "green" manufacturer, moved from Sonoma and will grow
in Ashland , Oregon .


Bazz Houston Co. located in Garden Grove , has slowly been building a workforce
of about 35 people in Tijuana . In early 2010 the company said it expects to
move more jobs to Mexico , citing cost and regulatory difficulties in Southern
California .
Beckman Coulter, a biomedical test equipment manufacturer headquartered in Brea
, relocated part of its Palo Alto facilities to Indianapolis , Indiana , two
years ago. In early 2010, it's making a multimillion-dollar investment to expand
and create up to 100 new jobs in Indiana . The company said the area offers a
"favorable business environment and lower total cost of operations, plus a local
work force with strong skills in both engineering and manufacturing."
Bild Industries Inc., which specializes in business news, directories and market
reports, moved to Post Falls , Idaho , from Van Nuys, a part of the San Fernando
Valley in Los Angeles .


Bill Miller Engineering, Ltd., suffering under the "hostile business climate" in
California and Los Angeles County , moved from Harbor City to Carson City ,
Nevada .


BMC Select has conducted an unusual relocation. The company, which had shifted
its headquarters from Idaho to San Francisco , relocated its H.Q. back to Boise
in January 2010. The building materials distributor said that regaining its
footing in Boise retained access to high-quality employees while reducing wage
and occupancy costs.


BPI Labs, which formulates, manufactures, and fills personal care products for
the health and beauty industry, relocated from Sacramento to Evanston , Wyoming
, a move the company's owner called "very successful . . . . It felt good and
I’ve never looked back."


Buck Knives after 62 years in San Diego moved to Post Falls , Idaho .
CalPortland Cement has announced in late 2009 closure of its Riverside County
plant because of new environmental regulations from a state law (AB 32). The
company's CEO wrote, "A cement plant cannot be picked up and moved, but the next
new plant probably won’t be built in California meaning more good, high paying
manufacturing jobs will be lost to Nevada or China or somewhere."
California Casualty Group left San Mateo for Colorado , cutting operating costs
to remain competitive.


CalStar Products Inc., headquartered in Newark , Calif. , in the San Francisco
Bay Area, in January 2010 was awarded $2.44 million in federal clean energy tax
credits. The company said in the future it expects to build additional plants in
the Mississippi Valley and the East Coast. In late 2009 CalStar opened a plant
in Caledonia , Wisconsin .


Checks To-Go moved to Utah where workers' comp rates helped make the troubled
company healthier.


Chivaroli & Associates, a healthcare-related insurance service based in Westlake
Village , Calif. , moved a regional office to Spokane , Washington .
CoreSite, A Carlyle Company, is delaying a Santa Clara project while it expands
its data center in Reston , Virginia .


Creators Syndicate may flee L.A. because it operates like a "banana republic."
Creel Printing Left Costa Mesa for Las Vegas and So Cal loses 60 more jobs.
Dassault Falcon looked at building an aircraft services facility in Riverside
County but instead located in Reno .


DaVita Inc. moved its HQ from Los Angeles to Denver ; expects to see millions of
dollars in savings over time.


Denny’s Corp. – the large restaurant chain – once had its headquarters in La
Mirada , later in Irvine , Calif , and then moved to Spartanburg , South
Carolina . In fairness, I note the move occurred in the early 1990's. However
it's noteworthy because the company was founded in California and its growth
over time created HQ jobs in another state.


Digital Domain, the Academy-Award-winning visual effects studio based in Venice
, Calif , placed new studios in Vancouver , British Columbia , and Port St.
Lucie , Florida , which combined will have about 500 employees. The facilities
will allow the company to reduce costs while continuing to deliver cutting-edge
work.
Ditech, headquartered in Costa Mesa , announced in January 2010 a 269-job cut
and is moving most activities to the GMAC Financial Services (parent company)
headquarters in Fort Washington , Pennsylvania . In 2007, Ditech relocated some
workers from Costa Mesa to Phoenix . A once robust Costa Mesa facility employing
hundreds will be down to 20 or 30 workers.


DuPont Fabros Technology suspended a $270 million Santa Clara data center
project in favor of one in Ashburn , Virginia .


eBay, based in San Jose , will create 450 jobs in Draper, Utah , in a new $334
million operations, customer support and data center.


EDMO Distributors, Inc., a world-wide wholesaler of aircraft avionics, test
equipment, and pilot supplies, moved its HQ from Valencia , Calif. , to Spokane
Valley , Wash. Since, it has built a larger headquarters in the city's Mirabeau
Point community complex.


Edwards Lifesciences based in Irvine will expand with 1,000 employees not in
California but in Draper, Utah .


EMRISE Corp. completed its HQ move from Rancho Cucamonga to Eatontown , NJ , in
May 2009. The company said the move "will result in additional annualized cost
savings of approximately $1 million and facilitate improvements in operating
efficiency. . . . The cost savings associated with relocating our corporate
headquarters will start immediately. . . The aggregate total of these expense
reductions will increase our profitability and cash flow in this and succeeding
years and, over time, substantially improve our ability to further reduce our
long term debt."


Facebook, based in Palo Alto , will expand in a major way in Oregon by locating
a custom data center in Prineville. It will be a 147,000-square-foot facility
costing $180 million and will employ 200 workers during construction and another
35 full-time once operating in 2011.


FallLine Corporation Left Huntington Beach, where they were being "hammered"
with multiple governmental regulatory fees, for Reno , Nevada .


Fidelity National Financial left Santa Barbara for Florida , spurred by
California 's "oppressive" business environment.


First American Corp., based in Santa Ana , will open a call center in March 2010
not in California but in Phoenix , where it expects to employ about 400 people
within two years.


Fluor Corp. moved its global headquarters from Aliso Viejo to Irving , Texas ,
with about 100 employees asked to relocate while the company planned to hire the
same number there. In 2006, when Fluor moved into its new headquarters building,
a company statement said: "The official dedication had a decidedly Texas theme"
as a horseshoe was raised on the building, a time-honored Texas tradition.


Foxconn Electronics, a large contract electronics maker, moved some of its
Fullerton operations to Dallas .


Fuel System Solutions moved its headquarters from Santa Ana to New York .
Gregg Industries, owned by Neenah Enterprises Inc. in Wisconsin , closed a
300-employee foundry in El Monte foundry under pressure from the South Coast Air
Quality Management District to make $5 million in upgrades. The company didn’t
want to make the investment in the difficult economic climate so it decided
instead to leave the state.


Helix Wind Inc. may move its research and development, engineering, and testing
departments from San Diego to "more supportive" Oregon .


Hewlett-Packard, HQ'd in Palo Alto , at various times has moved jobs to
Tennessee and Texas .


Hilton Hotels Corp. in 2009 is moving from its longtime corporate H.Q. in
Beverly Hills to a new office in Tysons Corner , Virginia .


Hino Motor Manufacturing USA moved from California to Williamstown , West
Virginia , in 2007, where it now employs about 100 workers. The company has
growth plans to "Raise Hino’s presence from medium-/heavy /heavy-duty trucks to
all ranges of trucks" and an aggressive program to improve fuel economy and
emissions. The company builds trucks under its own brand and also manufactures
Toyota-branded vehicles.


Intel Corporation, HQ’d in Santa Clara, has chosen to expand operations in
neighboring states


Intuit of Mountain View created a customer support office (110 people) not in
California but in Colorado because of lower operating costs.


Intuit placed a data center near Quincy , Washington .


Intuit also located Innovative Merchant Solutions LLC in Las Vegas as part of a
$1.8 million investment in Nevada .


J.C. Penney closed it Sacramento call center and moved the work to five
out-of-state centers.


Kimmie Candy Co., a manufacturer that was started in 1999, moved from Sacramento
to Nevada in 2005. "I really don't have a lot of regrets about moving up to Reno
," said owner Joe Dutra.


Klaussner Home Furnishings in closing its La Mirada manufacturing plant will
maintain its NC and Iowa operations.


Knight Protective Industries moved to Oregon "where 4-day work weeks were
permitted by the state" and wanted by the employees.


Kulicke & Soffa Industries Inc. announced in February 2010 that it is closing
its Irvine plant, laying off 56 people, and will shift the work to Malaysia and
Singapore . The facility had been owned by Orthodyne Electronics Corp., which
Kulicke & Soffa bought in 2008.


LCF Enterprises, which makes specialized high-end amplifiers used by
researchers, medical professionals and others, moved from Camarillo, Calif., to
Post Falls, Idaho.


Lennox Hearth Products Inc. in Orange , Calif. , will lay off 71 workers and by
March 2010 will transfer the jobs to Nashville and Union City , Tennessee , "to
reduce costs and increase operating efficiencies."


Lyn-Tron, Inc., a supplier of electronic hardware, moved from Los Angeles to
Spokane , Wash. Their website has a rather California(ish) statement: "Our
commitment is to maintain a manufacturing environment that is progressive and
safe, where our employees are able to achieve their personal objectives, thereby
adding to their quality of life and to the community in which they live."


Mariah Power, a "green" manufacturer of small wind turbines, moved from
California to Nevada and in 2009 teamed up with another company to begin
production in Manistee , Michigan .


Maxwell America, a boating equipment maker, in February 2010 closed its Santa
Ana offices and moved them to Hanover , Md. One reason given was the indirect
impact of California environmental regulations. A company official said over the
years many California boat builders relocated to the Midwest and East where they
don't face the same restrictions.


MiaSolé, based in the Silicon Valley, was reported in January 2010 to be
planning a 500,000-square-foot plant, which could be one of the largest solar
factories in the United States . The location is not near its in Santa Clara
headquarters but in the Atlanta , Georgia , area where its workforce eventually
could exceed 1,000. The news came one week after MiaSolé received $101.8 million
in federal tax credits.


MotorVac Technologies announced in February 2010 that it's leaving Santa Ana for
Ontario , Canada . MotorVac's CEO said he "really fought hard to keep MotorVac
here, but unfortunately the numbers didn’t support it." The move cuts costs
because it's new owner, UView, has its own plant with excess capacity in Canada
. "And the general cost of doing business in California is much more expensive."


Nissan North America moved its Los Angeles headquarters to Nashville , Tenn.
Northrop Grumman by 2011 will relocate its Los Angeles H.Q. to the Washington ,
DC metro area. It's the last major aerospace company to leave Southern
California , the birthplace of the aerospace industry.
One2Believe, a specialty religious-toy maker, left California for East Aurora ,
New York .


Patmont Motor Werks, Inc. (GoPed manufacturer), after being hit by California
regulators for hundreds of thousands of dollars in small fines even though his
company has a stellar safety record, moved to Nevada.
Paragon Relocation Resources moved from Rancho Santa Margarita to Irving , Texas
.


Pixel Magic, headquartered in Toluca Lake , Calif. , ( Los Angeles metro area),
is locating a studio in Lafayette , Louisiana , where it will create 40 new jobs
between 2010 and 2013. The company, which provides digital effects for motion
pictures and television, said the Louisiana people they were in contact with
have an immediate understanding of technology and data handling.


Plastic Model Engineering, Inc., a custom plastic injection molder and mold
manufacturer, moved from Sylmar , Calif. to the "Inland Northwest," notably Post
Falls , Idaho .


Precor will stop manufacturing fitness machines in California and re-open in
North Carolina .


Premier Inc., the largest healthcare alliance in the nation, will move its HQ
from San Diego to Charlotte , involving an investment of $17.7 million and
adding 300 jobs in North Carolina . The announcement was made Oct. 14, 2009.


Pro Cal of South Gate, in Los Angeles County , a unit of Myers Industries,
expanded its Sparks , Nev. , operations to become the company’s primary West
Coast production and distribution facility. Pro Cal is a plastics manufacturer
of nursery containers and a big recycler.


Race Track Chaplaincy of America started 2010 by shifting its headquarters from
Los Angeles to Lexington , Kentucky . The non-profit group said it had wanted to
relocate from the Hollywood Park Race Track for several reasons, one of which is
the significant cost of doing business on the West Coast.


Red Truck Fire & Safety Company left Fresno for Minden , Nevada in 2007 because
of California ’s myriad fees and regulations that meant "death by thousand
cuts."


SAIC will move its headquarters east, from San Diego to McLean, Virgina, which
the Washington Post called "Another Coup for Area." The announcement was made
Sept. 24, 2009; it is unclear how many employees will move east in 2009 and
2010.


Scale Computing, a data-storage developer and manufacturer, is leaving Silicon
Valley for Indiana .


Schott Solar Inc. will close its sales and customer service office in Roseville
and will relocate the office to Albuquerque , NM .


SimpleTech transferred its manufacturing work from Santa Ana to Asia more than a
year ago.


Smiley Industries, an aerospace manufacturer, moved to Phoenix , where
productivity improved.


Solaicx, based in the Silicon Valley, said in early 2010 that it will expand its
manufacturing plant in Portland , Oregon . Solaicx received $18.2 million in
federal tax credits as part of Washington 's efforts to advance green energy.
SolarWorld, a maker of solar technology founded in Camarillo , consolidated
manufacturing in Oregon after that state offered property tax abatement and
business energy tax credits. The company will employ about 1,000 in Oregon by
2011


Special Devices Inc. brought 250 jobs to Mesa , Arizona , from Moorpark , Calif.
StarKist headquarters is leaving San Francisco for Pittsburgh , Pa.
Stasis Engineering moved from Sonoma County to West Virginia , a "friendlier
business climate."


Stata Corp., which specializes in data analysis and statistical software, moved
from Santa Monica , California to College Station , Texas .
Tapmatic, a metalworking firm whose owners were "fed up with the onerous
business environment," moved from Orange County , California to Post Falls in
northern Idaho .


Teledesic moved to Washington state in anticipation of better capital gains.
Telmar Network Technology Inc. moved from Irvine to Plano , Texas ,
consolidating some 150 workers there.


Terremark postponed a Santa Clara project earlier this year to invest $50
million in a Culpeper, Va. project.


Terumo Cardiovascular Systems is moving R&D from OC to Ann Arbor , Michigan ,
involving 65 jobs and $3.5 million in investments.


Toyota will stop making cars in Fremont , will idle 4,700 workers, and move work
to Canada and San Antonio , Texas .


True Games Interactive Inc. will its H.Q. from Irvine to Austin , Texas , where
it expects to have about 60 workers by the middle of 2010.


TTM Technologies will leave L.A. & Hayward and move to other states and China to
achieve big cost savings.


Twentieth Century Props of L.A. has gone out of business as film-making has
moved to lower-cost states


Understand.com moved from the San Francisco Bay Area to Reno, a loss for
California in that the company is a leader in web-based patient education
content and shows strong growth. The company was named 2007 Innovator of the
Year by a Northern publication and the company's founder and received a media
and Reno-Tahoe Young Professionals Network "20 Under 40" award and was selected
as a 20/20 Business Visionary by Nevada Business Magazine.


US Airways is realigning operations and California is no longer considered part
of its "core." The airline is closing its John Wayne Airport maintenance station
and in early 2010 will redistribute the mechanics across its system.


US Press shifted work from Los Angeles and San Diego to Portland , "where union
rules were almost rational."


USAA Insurance closed its 625-person Sacramento campus in favor of other states.


Yahoo opened a data center in Quincy , Washington , a community that now hopes
to land high-tech manufacturing.


The list will grow as Sacramento considers more measures that will increase
corporate taxes, increase workers' comp costs, increase regulatory reporting
requirements (along with higher fines for minor infractions), increase gasoline
and diesel-fuel taxes, increase water rates, increase electric-power rates, and
increase assorted fees that will cause services to become more expensive

[can't sit still]

Well, the Govenator dodged the bullet. He will be out of office soon. THEY agreed to borrow $ 10 billion to meet the budget. THEY haven't begun to address the real problems. Since calif is rated as big a credit rick as Slovakia, the $ 10 billion will come with a LOT of interest. Munis look set to blow. Ca may not even be able to borrow.
http://globaleconomicanalysis.blogspot. ... e-and.html

[can't sit still]

1 + 1 = 2 2 + 2 = 4,,,,,,,,,,,,,,,,,,,,,,,, and so forth.
"• By around 2012 or 2013, the three major state pensions’ obligations will be more than five times as large as total state tax revenue."
http://www.economicpolicyjournal.com/20 ... l-off.html
Ca has already started selling off RE and then renting it back. I'm absolutely sure that the wonks in Sacramento know exactly what they're doing,,, Right !
The wonks in Illinois seem to be having a bit of a problem too;
http://globaleconomicanalysis.blogspot. ... ts-to.html
To cover the outstanding liabilities, each household in Chicago would have to pay $41,966

[can't sit still]

Well, things are predictably repetitious in California.
"California faces a $25.4-billion deficit — far larger than state officials were projecting only days ago"
http://articles.latimes.com/2010/nov/11 ... t-20101111
"The report shows $20-billion annual shortfalls in future years as well."
Hmm, $ 20 billion annually.
Ca routinely borrowed 10 billion a year MORE than it took in. Now, that it has been judged to NOT be credit-worthy, the reductions will be draconian !!!!!!!!!!!!!!!!!

[can't sit still]

4-4 = 0
Ca. can pay a PART of
.Bond service
.State payroll
.Pension payments
.Unemployment benefits
.Revenue sharing with counties and cities
.Highway and public building maintainance
They can't make full payment of any of the above.
They've already borrowed almost $ 9 billion for unemployment.

So, who is going to get stiffed?
.Current workers
.Past workers
.Bond holders
.Welfare recipients
.The unemployed
.Vendors
.ALL OF THE ABOVE
Predictably, tax payers will be "encouraged" to pony-up everything they own.
History and intense study prove that there is a shrinkage of GDP by 3$ for every $1 of increased taxes.
Here is a graph of the future of Ca;
http://www.hussmanfunds.com/wmc/wmc101115.htm
The FEDs are doing interest-relief on bond sales for Ca. but, it's just too little,,, too late.
Cuando la ultima persona sale del estado, apague las luces

[can't sit still]

Here's a VID on the California budget. The senator mentions that the last time that Ca raised taxes to get more revenue, it backfired. The got less. There is a discussion about a bailout by obama. It doesn't look very likely. The general idea of the interview is that huge spending cuts will be made.
http://video.foxbusiness.com/v/4466303/ ... t_id=87185

At the heart of Ca. problems is a subtraction problem. Ca. must subtract the cost of it's non-producers from the productivity of it's producers. The general consensus is that TOO much has been promised to it's retired non-producers. While it's true that they did produce in their day, their retirement package is just too much for the producers to pay. They realistically should have saved for their retirement. As it turns out, neither they NOR GOV saved for retirement.
"Retiree Health Care to Cost San Francisco $4.4 Billion, City Sets Aside $9.7 Million to Cover Costs"
http://globaleconomicanalysis.blogspot. ... t-san.html
$ 4.400,000,000
- $ 9,700,000
--------------------
$3,390,300, 000
I don't know all the details but, the summary doesn't look good.

[can't sit still]

This is a letter from someone who departed the golden state;

A little long, but, oh so true.

Sent to me by an ex-California state attorney---happy to be relocated in a southern state !!

I Don't Feel Sorry for Californians Anymore. I used to feel sorry for Californians, myself included. I felt sorry for them because, with the exception of a couple of years in the early eighties, our beautiful state had been hijacked by the brain-dead Democrats who had been running things in Sacramento for more than four decades. These otherwise unemployables have been uniformly choosing the wrong tax and spend and governance and regulatory policies for even longer than I've lived here (34 years).

They have taken the best public educational system and trashed it. From what was on a par with any university education in America just a generation ago, we have to now feel lucky there's a Louisiana, a Mississippi, and an Alabama or California would rank last out of the 50 states.

Every survey of business leaders over the past several years ranks California in the bottom two or three states in terms of friendliness to business formation and operation. Maybe that's why so few choose to now relocate or open branch operations here.

Our income taxes are the third-highest in America. Our sales taxes are fourth highest in the nation. Public employee and cop and fire unions are so gargantuan they're strangling our cities and our state with an unfunded pension bomb that's ready to explode in our collective faces. It's to the point that we now work for them, not the other way around. How was that allowed to happen?

Our roads and bridges infrastructure is decaying before our very eyes. Our once-vaunted Central Valley agriculture, which has produced more than 10% of all fruits and veggies in the nation for decades, is now a depression-era dustbowl because some commie pinko weenie in a black robe shut off their water in favor of the Delta Smelt. What's that, you ask? It's a little Anchovy-sized fish that this judge preferred over suffering, drought-stricken, jobless people. So it lives, and the people die.

San Francisco won't let the ROTC into its schools, prohibits the military from filming commercials inside county limits and won't stop aggressive panhandling, but it will prevent its citizens from buying pets because they might abandon them. And now, San Fran has just passed legislation to prevent McDonald's from selling Happy Meals because they're deemed by the calorie police to be unhealthful. Amazing.

And these same liberal policies have turned Los Angeles into a third world-caliber toilet inhabited by illegal aliens and fourth-generation welfare recipients, sucking up our tax dollars like a Hoover vacuum cleaner on steroids.

So why do I no longer feel sorry for Californians? Because they absolutely refuse to change it. The election just concluded gave Golden Staters one more chance to fix some of our problems and prevent a few others And what did you do, California? You blew it, big time. You reelected Jerry Brown, a guy who earned the moniker "Moonbeam" when he was the Guv in the seventies. He appointed Rose Bird as Chief Justice of the state Supreme Court. She overturned 62 death penalty cases, every single one that came before her, including the Manson Family killers. He signed the legislation that permitted collective bargaining for public employee unions, which now threatens our State's very economic existence. He vehemently opposed Proposition 13 until it passed, at which time he decided to support it. Flip-Flopper? You decide. After he termed out he ran for and was elected Mayor of Oakland. He was so successful in this job the state was forced to take over their school system. And, he managed to also double their murder rate (one could argue he might have been even more successful if he'd have tripled it!)

Then, as our illustrious Attorney General, he refused to defend Proposition 8 in the courts even though he was obligated by law and his oath to do so. And I don't care what you think about gay marriages. Prop. 8 made it illegal and good old 'Jer had a duty to defend us, the citizens of California against it, despite his personal views on the subject. The Attorney General, nor any sworn official, does not have the right to pick and choose the laws they wish to support. A pox on his house. And now, Jerry Brown will now likely live out his life without ever having had a private-sector job .

Imagine. You get kicked out of the Jesuit seminary and then feed at the public trough for the rest of your liberal little, otherwise unprepossessing life. Astounding.

Then there's Barbara Boxer. You reelected her, too. After three terms in Washington, during which she earned the lowest possible rankings as to effectiveness, you sent her back for another six years. She's never had a real job either. Never met a payroll. Never signed a check on its face. Knows nothing about job creation. What she does know is that partial birth abortion is the preferred method of birth control. Oh, and she knows how to spend our money. She voted for tax increases 258 times during her ho-hum tenure. Even her home-town newspaper refused to endorse her, saying she was an ineffective and ineffectual senator and should be put out to pasture. And you decided to send her back.

Either of Jerry's or Bab's opponents would have been preferable to these preening elite losers, but you decided differently.

Now let's talk the measures. You failed to pass Prop.19, the pot legalization measure. That was surprising to me, because I assumed everyone here had to be high on weed to have voted the way they did.

You voted down Prop. 23, our last and best hope to derail AB32, the Global Warming Solutions Act, which Schwarzenwhoozits signed into law in 2006. That's the one whereby California decided to fix the world's climate problem all by itself, by rolling back greenhouse gas emissions to 1990 levels by 2020, representing a 40% reduction. Of course, the experts say doing that would be impossible without taking every single car and truck off the road, but hey, nothing appears impossible to those nice folks in Sacto. And maybe the commute will get shorter once all the cars and trucks are gone. So, AB32 kicks in on January 1, 2011, and the next sound you'll hear will be the doors slamming shut on U-Haul trucks as businesses prepare to vacate Caleeeforneea. And they'll take at least 1,000,000 jobs with them.

And your electric bill will double or triple after they go. The only ones left will be Starbucks baristas selling lattes to sign twirlers. I've said before and I say again, if you believe that carbon dioxide, that stuff plants breathe and you exhale, is a greenhouse gas, please stop exhaling.

And Prop. 25? Yep, it passed. That's the one that lets those Sacto lifers pass a budget with a vote of 50% plus one. No more 2/3rds supermajority needed. So the Dems can now pass a budget without a single Republican vote. You think taxes may go up? I do. And often. Why, I ask, do we even need a Republican party anymore? Truth is, we don't. That single-party parliamentary-style deal has worked so well in other countries, we should now formalize it for California. You know, like Cuba, and North Korea, and China, and Russia. We're well on our way.

So, California, I no longer feel sorry for you. You did it to yourselves. You have turned our California into Greece, and now you've wasted your last, best chance to correct it before our Ship of State hits the rocks. We've finally reached the tipping point. That's where the statist, big government-loving weenies and the hand-out welfare crowd are able to vote themselves stuff at the expense of those few remaining folks who actually produce in our society. I still feel sorry for myself, for my family and for my friends. But I don't feel sorry for the rest of you who made this sorry likelihood possible. I hope you're happy with yourselves.

By the way, if you take a look at the red-blue map after it was updated following the election, which shows a sliver of blue along each coast and most of the remainder of our country in a bright, bright, all-American victory red, you'll have to ask; maybe it's the salt air that causes all this liberal craziness?

Written by: Just another observant California resident telling you the truth about your election.=============

http://cafr1.com/QualifyTheMotive.html

[can't sit still]

Well, tomorrow is the big day [reportedly]. "Brown, 72, a Democrat who served two terms as governor from 1975 to 1983, has pledged an austerity budget, due Jan. 10"
“Please sit down if you’re reading the stories on the budget on Jan. 10,â€

[geekster]

According to state senator Mark Leno (Dumbass- San Francisco), they knew they needed these budget cuts all along but just couldn't agree to them because the governor was a Republican and that just wouldn't be politically correct. But now that we have a Democrat governor who proposes essentially the same cuts, its all good:

http://www.sfgate.com/cgi-bin/article.c ... e=politics

What a jackass. He is admitting to wasting millions of taxpayer dollars over politics. He deserves to be driven out on a greased rail.

[ygmir]

yeah, aint it interesting, how dems. can do stuff like that, and no public outcry.........turn those tables, and see what happens.

well, I hope they do something, better late, than never.

As much as I don't like Moonbeam, I wish him the best, and hope he can get it together. If, he can do that, I may change my attitude towards him.

[can't sit still]

Geekster,,, I LOVE it. Here's a couple of quotes from your page.
"That's something Schwarzenegger refused to consider after voters rejected an extension of temporary tax increases in a May 2009"
AND
"Brown will propose a special election for this year with ballot measures that would raise taxes"
Let's see; We have the same voters,,, now with less money. A Dem is going to exhort these pauperized voters to cough up MORE money.
Meanwhile, we have to service $ 82 billion in bonds AND cut $ 26 billion. I suspect that any tax increase would only be used to shore up our credit rating,, to borrow more money.

[Elderberry]

Geekster, are you sure you are commenting on the same article for which you have provided the link? If so, your comments are a gross distortion of both the tone and content.

JK

[Elderberry]

This is a letter from someone who departed the golden state;

A little long, but, oh so true.

Sent to me by an ex-California state attorney---happy to be relocated in a southern state !!

THAT certainly is a matter of opinion. And feeling the way he does, I'm sure he'll be much happier in a bright red southern state. My feeling...Good riddance, he should have gotten out of CA years ago.

JK

[can't sit still]

This is a very interesting paper on money, debt and California.
"California has a budget deficit of ~$20 billion. The combined investments of CAFRs for the state of CA, Los Angeles County, and the City of Los Angeles is over $450 billion; over 22 times the amount of the budget shortfall (documentation page numbers below).

http://www.examiner.com/la-county-nonpa ... ur-dollars
There are a lot of claims that GOV taxes the crap out of us and squirrels away the money. Then, they come crying for more.

[can't sit still]

As I mentioned before, GOV works hard to be inefficient. That means that they need more money and can hire more people. Rinse and repeat. From the DR.
"Back in 1903, government spending in the US, expressed as a percentage of total GDP (leaving aside for a moment the spurious nature of that measurement), weighed in at a paltry 6.8%, or $25.9 billion dollars. Although the state's "mission creep" tended steadily higher over the next couple of decades (with an conspicuous spike circa WWI), that percentage remained in or around the low teens until the Great Depression, when the combined efforts of President Hoover and FDR's New Deal effectively doubled state involvement. By 1940, government spending accounted for one-fifth (20.14%, or just over $100 billion) of the nation's GDP. Fast-forward to 2010 and spending by the state had rocketed to over 43% of the nation's total economic output."

GOV loves paper shufflers and bureaucrats. Here are some numbers from a trade magazine Fleet Owner.The article is by Sean Kilcarr.
According to the "Reason Foundation, New Jersey spends $ 1.1 million-per-mile for state roads. California spends $ 545,000 per mile. California spends $ 93,464 per-mile just for administrative costs.
South Carolina spends just $ 34,000 per mile for total costs.

[can't sit still]

This seems strange. Arizona is worse off then California,, percentage-wise;
http://www.thepelicanpost.org/2011/01/1 ... z1AkGyHWqH

[can't sit still]

This is another list from the California "hall of shame"
http://www.rense.com/general92/22.htm

[can't sit still]

More on California comparing it to japan;
"This is an interesting chart. We have the same number of workers on nonfarm payrolls as we did in 1998 yet our population has increased by over 4 million during this time."
http://www.doctorhousingbubble.com/cali ... al-estate/
So, our population is increasing at the same time that business is leaving the state. Our tax base is shrinking. The demands on the safety net are climbing.
Sacramento,,,, we have a problem.

[can't sit still]

California is a happening place. Forbes released their "misery index" and Stockton is NUMBER ONE.
"And when they crunched the numbers, cities in California occupied a staggering four of the bottom five (and eight of the bottom 20) places on their misery list. "

http://www.independent.co.uk/news/world ... 11185.html
A pretty sad story.

[can't sit still]

This is from the Daily Reckoning.
California;

Population: 37.5 million.
Unemployed: 2.2 million.
Food stamp recipients: 3.7 million.
Total debt: $367 billion.
Debt/GDP ratio: 18.80%...

And, finally...

Total state debt per man, woman and child - working or not: $9,835!"
The $ 367 billion is a new one to me.

[Simon of the Playa]

your math and your opinions are shit.


go away.


you can whine all you want to the mods, css, it doesnt mean jack to me.


Relentless...Unstoppable...you have met your match times ten and i will see you say your goodbyes from this forum unless you change your hateful ways.

Selah.