- This topic has 166 replies, 19 voices, and was last updated 16 years, 3 months ago by
Ricechex.
-
AuthorPosts
-
January 12, 2008 at 8:57 AM #135086January 12, 2008 at 8:57 AM #135129
kewp
ParticipantI LAUGH at anyone who claims CA gov workers are as hard working as private sector. I do more work in my typical twelve-hour day than they do in a week.
It must be grueling work, “stockstradr”!!!
Btw, the various CA pension funds are all rotten with toxic debt these days, thanks to you industrious private sector folk!
January 12, 2008 at 10:09 AM #134855no_such_reality
ParticipantSchwarzenegger Discipline Shattered by Subprime Slump
What discipline?
The revenues the Government has today compared to 2004 when he took office is up more than 30%. Spending has increased even more.
Bonds make expenses, expenses make deficits. Discipline isn’t proposing a new credit card for programs that don’t fit in the budget. When you do, you end up with a $14 Billion deficit when the payments are due.
The 2003 California State Budget was $98.9 Billion dollars.
The 2007 California State Budget was $143.4 Billion dollars.
That’s a 10% a compound annual growth rate.
January 12, 2008 at 10:09 AM #135050ParticipantSchwarzenegger Discipline Shattered by Subprime Slump
What discipline?
The revenues the Government has today compared to 2004 when he took office is up more than 30%. Spending has increased even more.
Bonds make expenses, expenses make deficits. Discipline isn’t proposing a new credit card for programs that don’t fit in the budget. When you do, you end up with a $14 Billion deficit when the payments are due.
The 2003 California State Budget was $98.9 Billion dollars.
The 2007 California State Budget was $143.4 Billion dollars.
That’s a 10% a compound annual growth rate.
January 12, 2008 at 10:09 AM #135057ParticipantSchwarzenegger Discipline Shattered by Subprime Slump
What discipline?
The revenues the Government has today compared to 2004 when he took office is up more than 30%. Spending has increased even more.
Bonds make expenses, expenses make deficits. Discipline isn’t proposing a new credit card for programs that don’t fit in the budget. When you do, you end up with a $14 Billion deficit when the payments are due.
The 2003 California State Budget was $98.9 Billion dollars.
The 2007 California State Budget was $143.4 Billion dollars.
That’s a 10% a compound annual growth rate.
January 12, 2008 at 10:09 AM #135111ParticipantSchwarzenegger Discipline Shattered by Subprime Slump
What discipline?
The revenues the Government has today compared to 2004 when he took office is up more than 30%. Spending has increased even more.
Bonds make expenses, expenses make deficits. Discipline isn’t proposing a new credit card for programs that don’t fit in the budget. When you do, you end up with a $14 Billion deficit when the payments are due.
The 2003 California State Budget was $98.9 Billion dollars.
The 2007 California State Budget was $143.4 Billion dollars.
That’s a 10% a compound annual growth rate.
January 12, 2008 at 10:09 AM #135154ParticipantSchwarzenegger Discipline Shattered by Subprime Slump
What discipline?
The revenues the Government has today compared to 2004 when he took office is up more than 30%. Spending has increased even more.
Bonds make expenses, expenses make deficits. Discipline isn’t proposing a new credit card for programs that don’t fit in the budget. When you do, you end up with a $14 Billion deficit when the payments are due.
The 2003 California State Budget was $98.9 Billion dollars.
The 2007 California State Budget was $143.4 Billion dollars.
That’s a 10% a compound annual growth rate.
January 12, 2008 at 10:32 AM #134865jennyo
ParticipantNSR, you are correct in pointing out the ridiculousness of the notion that the current governor has exercised any kind of fiscal discipline. But the budget totals you are citing are not an apples-to-apples comparison. You are using the 2003 General Fund total, and the 2007 “all funds” total. The 2007 GF total is closer to $101 billion. There is always around $45 or so billion in special fund spending that is counted in the overall state budget, but does not come from the General Fund and your income, sales and corporation taxes. Instead it is funding from fees like the Motor Vehicle Account (supports DMV and CHP), professional licensing fees for doctors, nurses, and hair stylists, and transportation funds that come from the gas tax and other separate revenue sources that have restricted uses.
January 12, 2008 at 10:32 AM #135060ParticipantNSR, you are correct in pointing out the ridiculousness of the notion that the current governor has exercised any kind of fiscal discipline. But the budget totals you are citing are not an apples-to-apples comparison. You are using the 2003 General Fund total, and the 2007 “all funds” total. The 2007 GF total is closer to $101 billion. There is always around $45 or so billion in special fund spending that is counted in the overall state budget, but does not come from the General Fund and your income, sales and corporation taxes. Instead it is funding from fees like the Motor Vehicle Account (supports DMV and CHP), professional licensing fees for doctors, nurses, and hair stylists, and transportation funds that come from the gas tax and other separate revenue sources that have restricted uses.
January 12, 2008 at 10:32 AM #135067ParticipantNSR, you are correct in pointing out the ridiculousness of the notion that the current governor has exercised any kind of fiscal discipline. But the budget totals you are citing are not an apples-to-apples comparison. You are using the 2003 General Fund total, and the 2007 “all funds” total. The 2007 GF total is closer to $101 billion. There is always around $45 or so billion in special fund spending that is counted in the overall state budget, but does not come from the General Fund and your income, sales and corporation taxes. Instead it is funding from fees like the Motor Vehicle Account (supports DMV and CHP), professional licensing fees for doctors, nurses, and hair stylists, and transportation funds that come from the gas tax and other separate revenue sources that have restricted uses.
January 12, 2008 at 10:32 AM #135121ParticipantNSR, you are correct in pointing out the ridiculousness of the notion that the current governor has exercised any kind of fiscal discipline. But the budget totals you are citing are not an apples-to-apples comparison. You are using the 2003 General Fund total, and the 2007 “all funds” total. The 2007 GF total is closer to $101 billion. There is always around $45 or so billion in special fund spending that is counted in the overall state budget, but does not come from the General Fund and your income, sales and corporation taxes. Instead it is funding from fees like the Motor Vehicle Account (supports DMV and CHP), professional licensing fees for doctors, nurses, and hair stylists, and transportation funds that come from the gas tax and other separate revenue sources that have restricted uses.
January 12, 2008 at 10:32 AM #135164ParticipantNSR, you are correct in pointing out the ridiculousness of the notion that the current governor has exercised any kind of fiscal discipline. But the budget totals you are citing are not an apples-to-apples comparison. You are using the 2003 General Fund total, and the 2007 “all funds” total. The 2007 GF total is closer to $101 billion. There is always around $45 or so billion in special fund spending that is counted in the overall state budget, but does not come from the General Fund and your income, sales and corporation taxes. Instead it is funding from fees like the Motor Vehicle Account (supports DMV and CHP), professional licensing fees for doctors, nurses, and hair stylists, and transportation funds that come from the gas tax and other separate revenue sources that have restricted uses.
January 12, 2008 at 1:47 PM #134916ParticipantJennyo, that’s not correct. The 2007 General Fund is $145B. It is apples to apples.
Here’s the links to the 2003/2004 budget and 07/08 budget. I’m comparing the same budget line items.
Look at page 5, Budget total.
2007 Budget $145B.
2003 Budget $99B.
January 12, 2008 at 1:47 PM #135110ParticipantJennyo, that’s not correct. The 2007 General Fund is $145B. It is apples to apples.
Here’s the links to the 2003/2004 budget and 07/08 budget. I’m comparing the same budget line items.
Look at page 5, Budget total.
2007 Budget $145B.
2003 Budget $99B.
January 12, 2008 at 1:47 PM #135116ParticipantJennyo, that’s not correct. The 2007 General Fund is $145B. It is apples to apples.
Here’s the links to the 2003/2004 budget and 07/08 budget. I’m comparing the same budget line items.
Look at page 5, Budget total.
2007 Budget $145B.
2003 Budget $99B.
-
AuthorPosts
- You must be logged in to reply to this topic.