OT: Estimated state budget deficit reaches $25.4 billion

[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.

[EconProf]

Brian, that is up to you. If you are on welfare you should stay here. If you are a state or local government employee, you surely want to stay here. On the other hand, if you want a job, move to North Dakota or Texas, where the unemployment rates are 3.7% and 8.1%, respectively.

[EconProf]

Brian, that is up to you. If you are on welfare you should stay here. If you are a state or local government employee, you surely want to stay here. On the other hand, if you want a job, move to North Dakota or Texas, where the unemployment rates are 3.7% and 8.1%, respectively.

[EconProf]

Brian, that is up to you. If you are on welfare you should stay here. If you are a state or local government employee, you surely want to stay here. On the other hand, if you want a job, move to North Dakota or Texas, where the unemployment rates are 3.7% and 8.1%, respectively.

[EconProf]

Brian, that is up to you. If you are on welfare you should stay here. If you are a state or local government employee, you surely want to stay here. On the other hand, if you want a job, move to North Dakota or Texas, where the unemployment rates are 3.7% and 8.1%, respectively.

[EconProf]

Brian, that is up to you. If you are on welfare you should stay here. If you are a state or local government employee, you surely want to stay here. On the other hand, if you want a job, move to North Dakota or Texas, where the unemployment rates are 3.7% and 8.1%, respectively.

[briansd1]

If I’m on welfare, how do I afford to buy a house in California? Isn’t there a 5 year lifetime limit on welfare?

[briansd1]

If I’m on welfare, how do I afford to buy a house in California? Isn’t there a 5 year lifetime limit on welfare?

[briansd1]

If I’m on welfare, how do I afford to buy a house in California? Isn’t there a 5 year lifetime limit on welfare?

[briansd1]

If I’m on welfare, how do I afford to buy a house in California? Isn’t there a 5 year lifetime limit on welfare?

[briansd1]

If I’m on welfare, how do I afford to buy a house in California? Isn’t there a 5 year lifetime limit on welfare?

[CA renter]

[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]

You DO realize that the “financial crisis” (including the “pension crisis”) was caused by the financial industrty, and not public unions, right?

While there were plenty of Democrats with blood on their hands WRT financial deregulation and the encouraging of financial speculation at all levels, it seems to me that most of the financial “gods” who caused this mess lean fairly right. Am I missing something?

[CA renter]

[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]

You DO realize that the “financial crisis” (including the “pension crisis”) was caused by the financial industrty, and not public unions, right?

While there were plenty of Democrats with blood on their hands WRT financial deregulation and the encouraging of financial speculation at all levels, it seems to me that most of the financial “gods” who caused this mess lean fairly right. Am I missing something?

[CA renter]

[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]

You DO realize that the “financial crisis” (including the “pension crisis”) was caused by the financial industrty, and not public unions, right?

While there were plenty of Democrats with blood on their hands WRT financial deregulation and the encouraging of financial speculation at all levels, it seems to me that most of the financial “gods” who caused this mess lean fairly right. Am I missing something?

[CA renter]

[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]

You DO realize that the “financial crisis” (including the “pension crisis”) was caused by the financial industrty, and not public unions, right?

While there were plenty of Democrats with blood on their hands WRT financial deregulation and the encouraging of financial speculation at all levels, it seems to me that most of the financial “gods” who caused this mess lean fairly right. Am I missing something?

[Author]

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