OT: Estimated state budget deficit reaches $25.4 billion

[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?

[EconProf]

CA renter, there is plenty of blame to go around, and in hindsight both Democrats and Republicans made plenty of mistakes.
But we have to get beyond Republican and Democrat labels, as I have tried to point out. Some responses to me don’t get that and cite instances of Republican spending excesses which actually makes my case. True conservatives want to limit government power, expand personal freedom, and allow businesses and individuals to create and prosper or fail according to their own merits. Allowing Fannie and the big banks to leverage 30 to 1 with the assurance that any downturn would be bailed out by the government is not what a conservative could stomach. But it became the prevailing view during the bubble years.
Now let’s get back to the original subject of this thread: CA’s ballooning deficit and our political environment. I haven’t seen anything in your response or that of others to counter the points I made about California’s likely economic and political future.

[EconProf]

CA renter, there is plenty of blame to go around, and in hindsight both Democrats and Republicans made plenty of mistakes.
But we have to get beyond Republican and Democrat labels, as I have tried to point out. Some responses to me don’t get that and cite instances of Republican spending excesses which actually makes my case. True conservatives want to limit government power, expand personal freedom, and allow businesses and individuals to create and prosper or fail according to their own merits. Allowing Fannie and the big banks to leverage 30 to 1 with the assurance that any downturn would be bailed out by the government is not what a conservative could stomach. But it became the prevailing view during the bubble years.
Now let’s get back to the original subject of this thread: CA’s ballooning deficit and our political environment. I haven’t seen anything in your response or that of others to counter the points I made about California’s likely economic and political future.

[EconProf]

CA renter, there is plenty of blame to go around, and in hindsight both Democrats and Republicans made plenty of mistakes.
But we have to get beyond Republican and Democrat labels, as I have tried to point out. Some responses to me don’t get that and cite instances of Republican spending excesses which actually makes my case. True conservatives want to limit government power, expand personal freedom, and allow businesses and individuals to create and prosper or fail according to their own merits. Allowing Fannie and the big banks to leverage 30 to 1 with the assurance that any downturn would be bailed out by the government is not what a conservative could stomach. But it became the prevailing view during the bubble years.
Now let’s get back to the original subject of this thread: CA’s ballooning deficit and our political environment. I haven’t seen anything in your response or that of others to counter the points I made about California’s likely economic and political future.

[EconProf]

CA renter, there is plenty of blame to go around, and in hindsight both Democrats and Republicans made plenty of mistakes.
But we have to get beyond Republican and Democrat labels, as I have tried to point out. Some responses to me don’t get that and cite instances of Republican spending excesses which actually makes my case. True conservatives want to limit government power, expand personal freedom, and allow businesses and individuals to create and prosper or fail according to their own merits. Allowing Fannie and the big banks to leverage 30 to 1 with the assurance that any downturn would be bailed out by the government is not what a conservative could stomach. But it became the prevailing view during the bubble years.
Now let’s get back to the original subject of this thread: CA’s ballooning deficit and our political environment. I haven’t seen anything in your response or that of others to counter the points I made about California’s likely economic and political future.

[EconProf]

CA renter, there is plenty of blame to go around, and in hindsight both Democrats and Republicans made plenty of mistakes.
But we have to get beyond Republican and Democrat labels, as I have tried to point out. Some responses to me don’t get that and cite instances of Republican spending excesses which actually makes my case. True conservatives want to limit government power, expand personal freedom, and allow businesses and individuals to create and prosper or fail according to their own merits. Allowing Fannie and the big banks to leverage 30 to 1 with the assurance that any downturn would be bailed out by the government is not what a conservative could stomach. But it became the prevailing view during the bubble years.
Now let’s get back to the original subject of this thread: CA’s ballooning deficit and our political environment. I haven’t seen anything in your response or that of others to counter the points I made about California’s likely economic and political future.

[sdrealtor]

Yes and true conservatives love all the unborn babies in the world. That is until they are born. Then they hate the welfare dependent resource draining babies. The world is full of hypocrits on both sides of the coin be they liberal or conservative, democrat or republican. Ultimately, Its all about the benjamin’s particularly those that are in or soon to be in their pockets.

[sdrealtor]

Yes and true conservatives love all the unborn babies in the world. That is until they are born. Then they hate the welfare dependent resource draining babies. The world is full of hypocrits on both sides of the coin be they liberal or conservative, democrat or republican. Ultimately, Its all about the benjamin’s particularly those that are in or soon to be in their pockets.

[sdrealtor]

Yes and true conservatives love all the unborn babies in the world. That is until they are born. Then they hate the welfare dependent resource draining babies. The world is full of hypocrits on both sides of the coin be they liberal or conservative, democrat or republican. Ultimately, Its all about the benjamin’s particularly those that are in or soon to be in their pockets.

[sdrealtor]

Yes and true conservatives love all the unborn babies in the world. That is until they are born. Then they hate the welfare dependent resource draining babies. The world is full of hypocrits on both sides of the coin be they liberal or conservative, democrat or republican. Ultimately, Its all about the benjamin’s particularly those that are in or soon to be in their pockets.

[sdrealtor]

Yes and true conservatives love all the unborn babies in the world. That is until they are born. Then they hate the welfare dependent resource draining babies. The world is full of hypocrits on both sides of the coin be they liberal or conservative, democrat or republican. Ultimately, Its all about the benjamin’s particularly those that are in or soon to be in their pockets.

[Anonymous]

[quote=EconProf]True conservatives want to limit government power, expand personal freedom, and allow businesses and individuals to create and prosper or fail according to their own merits.[/quote]

More useless rhetoric.

Have you ever heard anyone, left or right, say that they want to increase government power, reduce personal freedom, or eliminate merit as a component of success?

Motherhood and Apple Pie.

But when it comes to actual policy, conservatives do plenty to increase government power (massive military, prison system, …), reduce personal freedom (Patriot Act, War on Drugs, ….), and eliminate merit as a component of success (farm subsidies, “too big to fail”, …)

But the pot won’t stop screaming that the kettle is black.

[quote]I haven’t seen anything in your response or that of others to counter the points I made about California’s likely economic and political future.[/quote]

All you’ve said so far is that we are doomed because liberals are running the state. And then you pointed out that liberals have been running the state for 40 years.

California’s had a helluva run in the past 40 years, so your points are already countered by the glaring reality of history. No further responses are necessary.

(And BTW, economic comparisons between California and North Dakota are ridiculous. More evidence that you don’t have any credibility.)

[Anonymous]

[quote=EconProf]True conservatives want to limit government power, expand personal freedom, and allow businesses and individuals to create and prosper or fail according to their own merits.[/quote]

More useless rhetoric.

Have you ever heard anyone, left or right, say that they want to increase government power, reduce personal freedom, or eliminate merit as a component of success?

Motherhood and Apple Pie.

But when it comes to actual policy, conservatives do plenty to increase government power (massive military, prison system, …), reduce personal freedom (Patriot Act, War on Drugs, ….), and eliminate merit as a component of success (farm subsidies, “too big to fail”, …)

But the pot won’t stop screaming that the kettle is black.

[quote]I haven’t seen anything in your response or that of others to counter the points I made about California’s likely economic and political future.[/quote]

All you’ve said so far is that we are doomed because liberals are running the state. And then you pointed out that liberals have been running the state for 40 years.

California’s had a helluva run in the past 40 years, so your points are already countered by the glaring reality of history. No further responses are necessary.

(And BTW, economic comparisons between California and North Dakota are ridiculous. More evidence that you don’t have any credibility.)

[Anonymous]

[quote=EconProf]True conservatives want to limit government power, expand personal freedom, and allow businesses and individuals to create and prosper or fail according to their own merits.[/quote]

More useless rhetoric.

Have you ever heard anyone, left or right, say that they want to increase government power, reduce personal freedom, or eliminate merit as a component of success?

Motherhood and Apple Pie.

But when it comes to actual policy, conservatives do plenty to increase government power (massive military, prison system, …), reduce personal freedom (Patriot Act, War on Drugs, ….), and eliminate merit as a component of success (farm subsidies, “too big to fail”, …)

But the pot won’t stop screaming that the kettle is black.

[quote]I haven’t seen anything in your response or that of others to counter the points I made about California’s likely economic and political future.[/quote]

All you’ve said so far is that we are doomed because liberals are running the state. And then you pointed out that liberals have been running the state for 40 years.

California’s had a helluva run in the past 40 years, so your points are already countered by the glaring reality of history. No further responses are necessary.

(And BTW, economic comparisons between California and North Dakota are ridiculous. More evidence that you don’t have any credibility.)

[Anonymous]

[quote=EconProf]True conservatives want to limit government power, expand personal freedom, and allow businesses and individuals to create and prosper or fail according to their own merits.[/quote]

More useless rhetoric.

Have you ever heard anyone, left or right, say that they want to increase government power, reduce personal freedom, or eliminate merit as a component of success?

Motherhood and Apple Pie.

But when it comes to actual policy, conservatives do plenty to increase government power (massive military, prison system, …), reduce personal freedom (Patriot Act, War on Drugs, ….), and eliminate merit as a component of success (farm subsidies, “too big to fail”, …)

But the pot won’t stop screaming that the kettle is black.

[quote]I haven’t seen anything in your response or that of others to counter the points I made about California’s likely economic and political future.[/quote]

All you’ve said so far is that we are doomed because liberals are running the state. And then you pointed out that liberals have been running the state for 40 years.

California’s had a helluva run in the past 40 years, so your points are already countered by the glaring reality of history. No further responses are necessary.

(And BTW, economic comparisons between California and North Dakota are ridiculous. More evidence that you don’t have any credibility.)

[Author]

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