Home › Forums › Financial Markets/Economics › Will the next “bad event” happen in the gov sector ?
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equalizer.
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December 3, 2009 at 11:13 AM #16754December 3, 2009 at 12:22 PM #489876
svelteParticipantOh, it’ll be okay.
I’ve been morally bankrupt for years.
December 3, 2009 at 12:22 PM #490513svelteParticipantOh, it’ll be okay.
I’ve been morally bankrupt for years.
December 3, 2009 at 12:22 PM #490425svelteParticipantOh, it’ll be okay.
I’ve been morally bankrupt for years.
December 3, 2009 at 12:22 PM #490744svelteParticipantOh, it’ll be okay.
I’ve been morally bankrupt for years.
December 3, 2009 at 12:22 PM #490042svelteParticipantOh, it’ll be okay.
I’ve been morally bankrupt for years.
December 3, 2009 at 7:55 PM #490127bubba99
ParticipantI think it is already a given that California is/will be bankrupt.
Numbers from the cal budget summary
http://www.ebudget.ca.gov/pdf/BudgetSummary/SummaryCharts.pdf
The “budget” they put together is a joke. If they cut everything but education, prisons, welfare, and medi-cal – they still could not balance the budget.
Health and human Services 31.1 billion
Corrections 10.3 billion
K-12 education 41.0 billion
Higher Education 12.0 billionTotal of above 94.4 billion
Total state rev 90.0 billionThis excludes congress, DOT, Highway Patrol, the Courts, EPA et. al.
For the 2008-2009 year, California expects to spend 104 billion with 90 billion in income – -14 billion.
For the 2009-2010 year, California expects to spend 111 billion with 86 billion in income and a deficit of 14 billion from the prior year.
All tolled a 41 billion deficit. That’s 41 billion deficit on total revenue of 86 billion.
Sooner or later, the state will officially be bankrupt.
December 3, 2009 at 7:55 PM #490829ParticipantI think it is already a given that California is/will be bankrupt.
Numbers from the cal budget summary
http://www.ebudget.ca.gov/pdf/BudgetSummary/SummaryCharts.pdf
The “budget” they put together is a joke. If they cut everything but education, prisons, welfare, and medi-cal – they still could not balance the budget.
Health and human Services 31.1 billion
Corrections 10.3 billion
K-12 education 41.0 billion
Higher Education 12.0 billionTotal of above 94.4 billion
Total state rev 90.0 billionThis excludes congress, DOT, Highway Patrol, the Courts, EPA et. al.
For the 2008-2009 year, California expects to spend 104 billion with 90 billion in income – -14 billion.
For the 2009-2010 year, California expects to spend 111 billion with 86 billion in income and a deficit of 14 billion from the prior year.
All tolled a 41 billion deficit. That’s 41 billion deficit on total revenue of 86 billion.
Sooner or later, the state will officially be bankrupt.
December 3, 2009 at 7:55 PM #489961ParticipantI think it is already a given that California is/will be bankrupt.
Numbers from the cal budget summary
http://www.ebudget.ca.gov/pdf/BudgetSummary/SummaryCharts.pdf
The “budget” they put together is a joke. If they cut everything but education, prisons, welfare, and medi-cal – they still could not balance the budget.
Health and human Services 31.1 billion
Corrections 10.3 billion
K-12 education 41.0 billion
Higher Education 12.0 billionTotal of above 94.4 billion
Total state rev 90.0 billionThis excludes congress, DOT, Highway Patrol, the Courts, EPA et. al.
For the 2008-2009 year, California expects to spend 104 billion with 90 billion in income – -14 billion.
For the 2009-2010 year, California expects to spend 111 billion with 86 billion in income and a deficit of 14 billion from the prior year.
All tolled a 41 billion deficit. That’s 41 billion deficit on total revenue of 86 billion.
Sooner or later, the state will officially be bankrupt.
December 3, 2009 at 7:55 PM #490598ParticipantI think it is already a given that California is/will be bankrupt.
Numbers from the cal budget summary
http://www.ebudget.ca.gov/pdf/BudgetSummary/SummaryCharts.pdf
The “budget” they put together is a joke. If they cut everything but education, prisons, welfare, and medi-cal – they still could not balance the budget.
Health and human Services 31.1 billion
Corrections 10.3 billion
K-12 education 41.0 billion
Higher Education 12.0 billionTotal of above 94.4 billion
Total state rev 90.0 billionThis excludes congress, DOT, Highway Patrol, the Courts, EPA et. al.
For the 2008-2009 year, California expects to spend 104 billion with 90 billion in income – -14 billion.
For the 2009-2010 year, California expects to spend 111 billion with 86 billion in income and a deficit of 14 billion from the prior year.
All tolled a 41 billion deficit. That’s 41 billion deficit on total revenue of 86 billion.
Sooner or later, the state will officially be bankrupt.
December 3, 2009 at 7:55 PM #490510ParticipantI think it is already a given that California is/will be bankrupt.
Numbers from the cal budget summary
http://www.ebudget.ca.gov/pdf/BudgetSummary/SummaryCharts.pdf
The “budget” they put together is a joke. If they cut everything but education, prisons, welfare, and medi-cal – they still could not balance the budget.
Health and human Services 31.1 billion
Corrections 10.3 billion
K-12 education 41.0 billion
Higher Education 12.0 billionTotal of above 94.4 billion
Total state rev 90.0 billionThis excludes congress, DOT, Highway Patrol, the Courts, EPA et. al.
For the 2008-2009 year, California expects to spend 104 billion with 90 billion in income – -14 billion.
For the 2009-2010 year, California expects to spend 111 billion with 86 billion in income and a deficit of 14 billion from the prior year.
All tolled a 41 billion deficit. That’s 41 billion deficit on total revenue of 86 billion.
Sooner or later, the state will officially be bankrupt.
December 3, 2009 at 10:47 PM #490859CA renter
ParticipantAbsolutely. There is a very LARGE crisis looming in municipal/state governments. IMHO, this is much, much bigger than lower housing prices (which are a good thing) or commercial RE failures (pretty bad, but we could get through it).
Shhhhh…maybe if we don’t talk about it, the problem will go away. You know, “green shoots” and all. 😉
December 3, 2009 at 10:47 PM #490157ParticipantAbsolutely. There is a very LARGE crisis looming in municipal/state governments. IMHO, this is much, much bigger than lower housing prices (which are a good thing) or commercial RE failures (pretty bad, but we could get through it).
Shhhhh…maybe if we don’t talk about it, the problem will go away. You know, “green shoots” and all. 😉
December 3, 2009 at 10:47 PM #489991ParticipantAbsolutely. There is a very LARGE crisis looming in municipal/state governments. IMHO, this is much, much bigger than lower housing prices (which are a good thing) or commercial RE failures (pretty bad, but we could get through it).
Shhhhh…maybe if we don’t talk about it, the problem will go away. You know, “green shoots” and all. 😉
December 3, 2009 at 10:47 PM #490628ParticipantAbsolutely. There is a very LARGE crisis looming in municipal/state governments. IMHO, this is much, much bigger than lower housing prices (which are a good thing) or commercial RE failures (pretty bad, but we could get through it).
Shhhhh…maybe if we don’t talk about it, the problem will go away. You know, “green shoots” and all. 😉
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