Home › Forums › Financial Markets/Economics › california Budget deal, Kicking the can at counties and down the road
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XBoxBoy.
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July 21, 2009 at 2:42 PM #435457July 21, 2009 at 3:16 PM #435462
patb
Participant[quote=XBoxBoy][quote=Arraya]That can is quickly coming to the end of the road, on many different levels..[/quote]
I wouldn’t be so sure. In 2004 I thought we were in a bad housing bubble, and that the wheels were going to come off that wagon with a crash. I thought within 6 months everything would collapse. Hah! was I wrong! Now I’ve learned just how slow these things unfold.
I suspect the government can keep this can kicking going on for at least another five to ten years. It will be just a long slow decline.
XBoxBoy[/quote]
What’s Arnold going to do next year? Real estate will be down another 5%,
sales tax at best will be flat, income tax at best will be flat, and there is no room for gimmicks.In an election year, what can they do ? Maybe allow some more drilling?
But, how do they make up another 20 billion in deficit?July 21, 2009 at 3:16 PM #434698patb
Participant[quote=XBoxBoy][quote=Arraya]That can is quickly coming to the end of the road, on many different levels..[/quote]
I wouldn’t be so sure. In 2004 I thought we were in a bad housing bubble, and that the wheels were going to come off that wagon with a crash. I thought within 6 months everything would collapse. Hah! was I wrong! Now I’ve learned just how slow these things unfold.
I suspect the government can keep this can kicking going on for at least another five to ten years. It will be just a long slow decline.
XBoxBoy[/quote]
What’s Arnold going to do next year? Real estate will be down another 5%,
sales tax at best will be flat, income tax at best will be flat, and there is no room for gimmicks.In an election year, what can they do ? Maybe allow some more drilling?
But, how do they make up another 20 billion in deficit?July 21, 2009 at 3:16 PM #435294patb
Participant[quote=XBoxBoy][quote=Arraya]That can is quickly coming to the end of the road, on many different levels..[/quote]
I wouldn’t be so sure. In 2004 I thought we were in a bad housing bubble, and that the wheels were going to come off that wagon with a crash. I thought within 6 months everything would collapse. Hah! was I wrong! Now I’ve learned just how slow these things unfold.
I suspect the government can keep this can kicking going on for at least another five to ten years. It will be just a long slow decline.
XBoxBoy[/quote]
What’s Arnold going to do next year? Real estate will be down another 5%,
sales tax at best will be flat, income tax at best will be flat, and there is no room for gimmicks.In an election year, what can they do ? Maybe allow some more drilling?
But, how do they make up another 20 billion in deficit?July 21, 2009 at 3:16 PM #435220patb
Participant[quote=XBoxBoy][quote=Arraya]That can is quickly coming to the end of the road, on many different levels..[/quote]
I wouldn’t be so sure. In 2004 I thought we were in a bad housing bubble, and that the wheels were going to come off that wagon with a crash. I thought within 6 months everything would collapse. Hah! was I wrong! Now I’ve learned just how slow these things unfold.
I suspect the government can keep this can kicking going on for at least another five to ten years. It will be just a long slow decline.
XBoxBoy[/quote]
What’s Arnold going to do next year? Real estate will be down another 5%,
sales tax at best will be flat, income tax at best will be flat, and there is no room for gimmicks.In an election year, what can they do ? Maybe allow some more drilling?
But, how do they make up another 20 billion in deficit?July 21, 2009 at 3:16 PM #434903patb
Participant[quote=XBoxBoy][quote=Arraya]That can is quickly coming to the end of the road, on many different levels..[/quote]
I wouldn’t be so sure. In 2004 I thought we were in a bad housing bubble, and that the wheels were going to come off that wagon with a crash. I thought within 6 months everything would collapse. Hah! was I wrong! Now I’ve learned just how slow these things unfold.
I suspect the government can keep this can kicking going on for at least another five to ten years. It will be just a long slow decline.
XBoxBoy[/quote]
What’s Arnold going to do next year? Real estate will be down another 5%,
sales tax at best will be flat, income tax at best will be flat, and there is no room for gimmicks.In an election year, what can they do ? Maybe allow some more drilling?
But, how do they make up another 20 billion in deficit?July 21, 2009 at 4:17 PM #4352505yearwaiter
Participant[quote=patb][quote=XBoxBoy][quote=Arraya]What’s Arnold going to do next year? Real estate will be down another 5%,
sales tax at best will be flat, income tax at best will be flat, and there is no room for gimmicks.In an election year, what can they do ? Maybe allow some more drilling?
But, how do they make up another 20 billion in deficit?[/quote]Let Arnold start act in films again – and catch that revenue for this state. His slogan was he is rich he doesn’t have to worry about money – let him donate a bit to (t)his state.
July 21, 2009 at 4:17 PM #4349335yearwaiter
Participant[quote=patb][quote=XBoxBoy][quote=Arraya]What’s Arnold going to do next year? Real estate will be down another 5%,
sales tax at best will be flat, income tax at best will be flat, and there is no room for gimmicks.In an election year, what can they do ? Maybe allow some more drilling?
But, how do they make up another 20 billion in deficit?[/quote]Let Arnold start act in films again – and catch that revenue for this state. His slogan was he is rich he doesn’t have to worry about money – let him donate a bit to (t)his state.
July 21, 2009 at 4:17 PM #4353245yearwaiter
Participant[quote=patb][quote=XBoxBoy][quote=Arraya]What’s Arnold going to do next year? Real estate will be down another 5%,
sales tax at best will be flat, income tax at best will be flat, and there is no room for gimmicks.In an election year, what can they do ? Maybe allow some more drilling?
But, how do they make up another 20 billion in deficit?[/quote]Let Arnold start act in films again – and catch that revenue for this state. His slogan was he is rich he doesn’t have to worry about money – let him donate a bit to (t)his state.
July 21, 2009 at 4:17 PM #4347285yearwaiter
Participant[quote=patb][quote=XBoxBoy][quote=Arraya]What’s Arnold going to do next year? Real estate will be down another 5%,
sales tax at best will be flat, income tax at best will be flat, and there is no room for gimmicks.In an election year, what can they do ? Maybe allow some more drilling?
But, how do they make up another 20 billion in deficit?[/quote]Let Arnold start act in films again – and catch that revenue for this state. His slogan was he is rich he doesn’t have to worry about money – let him donate a bit to (t)his state.
July 21, 2009 at 4:17 PM #4354925yearwaiter
Participant[quote=patb][quote=XBoxBoy][quote=Arraya]What’s Arnold going to do next year? Real estate will be down another 5%,
sales tax at best will be flat, income tax at best will be flat, and there is no room for gimmicks.In an election year, what can they do ? Maybe allow some more drilling?
But, how do they make up another 20 billion in deficit?[/quote]Let Arnold start act in films again – and catch that revenue for this state. His slogan was he is rich he doesn’t have to worry about money – let him donate a bit to (t)his state.
July 21, 2009 at 5:36 PM #435305Arraya
Participant[quote=XBoxBoy][quote=Arraya]That can is quickly coming to the end of the road, on many different levels..[/quote]
I wouldn’t be so sure. In 2004 I thought we were in a bad housing bubble, and that the wheels were going to come off that wagon with a crash. I thought within 6 months everything would collapse. Hah! was I wrong! Now I’ve learned just how slow these things unfold.
I suspect the government can keep this can kicking going on for at least another five to ten years. It will be just a long slow decline.
XBoxBoy[/quote]
That kind of can kicking would take coordinated responses from entities with differing interests and varying abilities. Juxtaposed to the back drop of futher deterioration of economic conditions which underlying drivers are still there and not even really addressed.
July 21, 2009 at 5:36 PM #435379Arraya
Participant[quote=XBoxBoy][quote=Arraya]That can is quickly coming to the end of the road, on many different levels..[/quote]
I wouldn’t be so sure. In 2004 I thought we were in a bad housing bubble, and that the wheels were going to come off that wagon with a crash. I thought within 6 months everything would collapse. Hah! was I wrong! Now I’ve learned just how slow these things unfold.
I suspect the government can keep this can kicking going on for at least another five to ten years. It will be just a long slow decline.
XBoxBoy[/quote]
That kind of can kicking would take coordinated responses from entities with differing interests and varying abilities. Juxtaposed to the back drop of futher deterioration of economic conditions which underlying drivers are still there and not even really addressed.
July 21, 2009 at 5:36 PM #434783Arraya
Participant[quote=XBoxBoy][quote=Arraya]That can is quickly coming to the end of the road, on many different levels..[/quote]
I wouldn’t be so sure. In 2004 I thought we were in a bad housing bubble, and that the wheels were going to come off that wagon with a crash. I thought within 6 months everything would collapse. Hah! was I wrong! Now I’ve learned just how slow these things unfold.
I suspect the government can keep this can kicking going on for at least another five to ten years. It will be just a long slow decline.
XBoxBoy[/quote]
That kind of can kicking would take coordinated responses from entities with differing interests and varying abilities. Juxtaposed to the back drop of futher deterioration of economic conditions which underlying drivers are still there and not even really addressed.
July 21, 2009 at 5:36 PM #435548Arraya
Participant[quote=XBoxBoy][quote=Arraya]That can is quickly coming to the end of the road, on many different levels..[/quote]
I wouldn’t be so sure. In 2004 I thought we were in a bad housing bubble, and that the wheels were going to come off that wagon with a crash. I thought within 6 months everything would collapse. Hah! was I wrong! Now I’ve learned just how slow these things unfold.
I suspect the government can keep this can kicking going on for at least another five to ten years. It will be just a long slow decline.
XBoxBoy[/quote]
That kind of can kicking would take coordinated responses from entities with differing interests and varying abilities. Juxtaposed to the back drop of futher deterioration of economic conditions which underlying drivers are still there and not even really addressed.
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