OT: Estimated state budget deficit reaches $25.4 billion

[air_ogi]

It is a complete myth that conservatives are somehow more financially responsible. They like to spend other people’s money, just on different things.

Just look at California’s budget. During last 5 years, spending on corrections increased 36%, while pretty much everything else was reduced by double digits. That’s what happens when you pass laws that imprison everyone that doesn’t fit in your view of perfect society.

Same thing with federal budget. As much of credit as Obama gets for the budget deficit, Medicare prescription coverage (elderly vote overwhelmingly Republican) and more than doubling of defense spending contributed to the majority of spending increases in the last decade.

[faterikcartman]

That’s nothing! Now the Democrat state legislators will only need a bare majority to pass a budget thanks to clueless California voters. The next five years should reveal even more dramatic deficits.

[faterikcartman]

That’s nothing! Now the Democrat state legislators will only need a bare majority to pass a budget thanks to clueless California voters. The next five years should reveal even more dramatic deficits.

[faterikcartman]

That’s nothing! Now the Democrat state legislators will only need a bare majority to pass a budget thanks to clueless California voters. The next five years should reveal even more dramatic deficits.

[faterikcartman]

That’s nothing! Now the Democrat state legislators will only need a bare majority to pass a budget thanks to clueless California voters. The next five years should reveal even more dramatic deficits.

[faterikcartman]

That’s nothing! Now the Democrat state legislators will only need a bare majority to pass a budget thanks to clueless California voters. The next five years should reveal even more dramatic deficits.

[briansd1]

[quote=EconProf]We in California have done this to ourselves. The leftward lurch in this state that has lavished pay and benefits on state and local workers was just reinforced by the recent election. While the rest of the nation wakes up to the folly of big government, CA sends dimwits like Boxer back to the senate while other states boot her type out.
There is little hope for change, since our demographic trends are to repel our middle class taxpayers and attract the tax users from other states and countries. We are doomed.[/quote]

Does that mean that we should sell our real estate and move to the Red States where the opportunities are greater?

[briansd1]

[quote=EconProf]We in California have done this to ourselves. The leftward lurch in this state that has lavished pay and benefits on state and local workers was just reinforced by the recent election. While the rest of the nation wakes up to the folly of big government, CA sends dimwits like Boxer back to the senate while other states boot her type out.
There is little hope for change, since our demographic trends are to repel our middle class taxpayers and attract the tax users from other states and countries. We are doomed.[/quote]

Does that mean that we should sell our real estate and move to the Red States where the opportunities are greater?

[briansd1]

[quote=EconProf]We in California have done this to ourselves. The leftward lurch in this state that has lavished pay and benefits on state and local workers was just reinforced by the recent election. While the rest of the nation wakes up to the folly of big government, CA sends dimwits like Boxer back to the senate while other states boot her type out.
There is little hope for change, since our demographic trends are to repel our middle class taxpayers and attract the tax users from other states and countries. We are doomed.[/quote]

Does that mean that we should sell our real estate and move to the Red States where the opportunities are greater?

[briansd1]

[quote=EconProf]We in California have done this to ourselves. The leftward lurch in this state that has lavished pay and benefits on state and local workers was just reinforced by the recent election. While the rest of the nation wakes up to the folly of big government, CA sends dimwits like Boxer back to the senate while other states boot her type out.
There is little hope for change, since our demographic trends are to repel our middle class taxpayers and attract the tax users from other states and countries. We are doomed.[/quote]

Does that mean that we should sell our real estate and move to the Red States where the opportunities are greater?

[briansd1]

[quote=EconProf]We in California have done this to ourselves. The leftward lurch in this state that has lavished pay and benefits on state and local workers was just reinforced by the recent election. While the rest of the nation wakes up to the folly of big government, CA sends dimwits like Boxer back to the senate while other states boot her type out.
There is little hope for change, since our demographic trends are to repel our middle class taxpayers and attract the tax users from other states and countries. We are doomed.[/quote]

Does that mean that we should sell our real estate and move to the Red States where the opportunities are greater?

[Anonymous]

[quote=EconProf]Equally important is who controls the legislature–which has been in Democrat hands for 40 years, excepting 1995 and 1996.[/quote]

And how has California’s economy done in those past 40 years?

It was the center of the biggest economic expansion the world has seen since the industrial revolution.

So all those liberal taxes didn’t seem to stop Silicon Valley from creating an entire generation of multimillionaires, but now suddenly business are going to start leaving CA in droves because the “right” party is not in control?

[quote]With the nation’s third worst unemployment rate and seemingly no clue as to what caused it […][/quote]

Here’s a clue: It was caused by the bursting of the housing bubble. I seem to remember a website about this somewhere…

The frustrating part of these discussions is that we actually agree on may things. I’m in favor of huge social services cuts – I even think unemployment benefits have been far too generous. But the solution that so many “conservatives” advocate is total BS: Put the Republicans in charge and we’ll get the fiscal discipline we need. That is complete nonsense, and anyone who has been paying attention should know better.

[Anonymous]

[quote=EconProf]Equally important is who controls the legislature–which has been in Democrat hands for 40 years, excepting 1995 and 1996.[/quote]

And how has California’s economy done in those past 40 years?

It was the center of the biggest economic expansion the world has seen since the industrial revolution.

So all those liberal taxes didn’t seem to stop Silicon Valley from creating an entire generation of multimillionaires, but now suddenly business are going to start leaving CA in droves because the “right” party is not in control?

[quote]With the nation’s third worst unemployment rate and seemingly no clue as to what caused it […][/quote]

Here’s a clue: It was caused by the bursting of the housing bubble. I seem to remember a website about this somewhere…

The frustrating part of these discussions is that we actually agree on may things. I’m in favor of huge social services cuts – I even think unemployment benefits have been far too generous. But the solution that so many “conservatives” advocate is total BS: Put the Republicans in charge and we’ll get the fiscal discipline we need. That is complete nonsense, and anyone who has been paying attention should know better.

[Anonymous]

[quote=EconProf]Equally important is who controls the legislature–which has been in Democrat hands for 40 years, excepting 1995 and 1996.[/quote]

And how has California’s economy done in those past 40 years?

It was the center of the biggest economic expansion the world has seen since the industrial revolution.

So all those liberal taxes didn’t seem to stop Silicon Valley from creating an entire generation of multimillionaires, but now suddenly business are going to start leaving CA in droves because the “right” party is not in control?

[quote]With the nation’s third worst unemployment rate and seemingly no clue as to what caused it […][/quote]

Here’s a clue: It was caused by the bursting of the housing bubble. I seem to remember a website about this somewhere…

The frustrating part of these discussions is that we actually agree on may things. I’m in favor of huge social services cuts – I even think unemployment benefits have been far too generous. But the solution that so many “conservatives” advocate is total BS: Put the Republicans in charge and we’ll get the fiscal discipline we need. That is complete nonsense, and anyone who has been paying attention should know better.

[Anonymous]

[quote=EconProf]Equally important is who controls the legislature–which has been in Democrat hands for 40 years, excepting 1995 and 1996.[/quote]

And how has California’s economy done in those past 40 years?

It was the center of the biggest economic expansion the world has seen since the industrial revolution.

So all those liberal taxes didn’t seem to stop Silicon Valley from creating an entire generation of multimillionaires, but now suddenly business are going to start leaving CA in droves because the “right” party is not in control?

[quote]With the nation’s third worst unemployment rate and seemingly no clue as to what caused it […][/quote]

Here’s a clue: It was caused by the bursting of the housing bubble. I seem to remember a website about this somewhere…

The frustrating part of these discussions is that we actually agree on may things. I’m in favor of huge social services cuts – I even think unemployment benefits have been far too generous. But the solution that so many “conservatives” advocate is total BS: Put the Republicans in charge and we’ll get the fiscal discipline we need. That is complete nonsense, and anyone who has been paying attention should know better.

[Author]

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