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DoJC
ParticipantA few thoughts on this subject:
1. CA spends more money per student than any other state in the US. Washington DC spends more, but obviously they’re not a state.
2. CA was ranked, last I checked, 49 out of 50 with respect to test scores. I think the only state CA can poke fun as is Alabama.
3. The state lottery was supposed to help pay for schools and school related issues.
4. Prop 13 caps tax increases to 2% per year IIRC. My in-laws own a home in San Clemente which they bought new in 1965 for $45,000. It went up to about $1.5M, yet their property tax bill this year was, wait for it…… just under $900.
This cap in Prop 13 was bypassed by passing the Mello-Roos bill which adds a special bond that you pay for for the rest of your life! It can go up whenever necessary, and was meant as nothing more than a way to bypass Prop 13.
CA is a state where the government is so caught up in spending every single penny they can leach out of its people, and then spends another $10B on top of that. We should have been setting 1-2% aside each year so that in the lean years we’d have something to tide us over. Now we’re gonna be something like $20B short of our budget needs this year, the bureaucrats in Sac are wringing their hands about trimming $5M here, and $25M there, and when it’s all said and done they’re gonna recommend a tripling of the car tax and many other increases in taxes. Instead of any semblance of fiscal responsibility we got clowns pretending to understand budgets and how to not spend more money than they get!
– Doug
(Quickly becoming the newest soapbox preacher.)ParticipantA few thoughts on this subject:
1. CA spends more money per student than any other state in the US. Washington DC spends more, but obviously they’re not a state.
2. CA was ranked, last I checked, 49 out of 50 with respect to test scores. I think the only state CA can poke fun as is Alabama.
3. The state lottery was supposed to help pay for schools and school related issues.
4. Prop 13 caps tax increases to 2% per year IIRC. My in-laws own a home in San Clemente which they bought new in 1965 for $45,000. It went up to about $1.5M, yet their property tax bill this year was, wait for it…… just under $900.
This cap in Prop 13 was bypassed by passing the Mello-Roos bill which adds a special bond that you pay for for the rest of your life! It can go up whenever necessary, and was meant as nothing more than a way to bypass Prop 13.
CA is a state where the government is so caught up in spending every single penny they can leach out of its people, and then spends another $10B on top of that. We should have been setting 1-2% aside each year so that in the lean years we’d have something to tide us over. Now we’re gonna be something like $20B short of our budget needs this year, the bureaucrats in Sac are wringing their hands about trimming $5M here, and $25M there, and when it’s all said and done they’re gonna recommend a tripling of the car tax and many other increases in taxes. Instead of any semblance of fiscal responsibility we got clowns pretending to understand budgets and how to not spend more money than they get!
– Doug
(Quickly becoming the newest soapbox preacher.)ParticipantA few thoughts on this subject:
1. CA spends more money per student than any other state in the US. Washington DC spends more, but obviously they’re not a state.
2. CA was ranked, last I checked, 49 out of 50 with respect to test scores. I think the only state CA can poke fun as is Alabama.
3. The state lottery was supposed to help pay for schools and school related issues.
4. Prop 13 caps tax increases to 2% per year IIRC. My in-laws own a home in San Clemente which they bought new in 1965 for $45,000. It went up to about $1.5M, yet their property tax bill this year was, wait for it…… just under $900.
This cap in Prop 13 was bypassed by passing the Mello-Roos bill which adds a special bond that you pay for for the rest of your life! It can go up whenever necessary, and was meant as nothing more than a way to bypass Prop 13.
CA is a state where the government is so caught up in spending every single penny they can leach out of its people, and then spends another $10B on top of that. We should have been setting 1-2% aside each year so that in the lean years we’d have something to tide us over. Now we’re gonna be something like $20B short of our budget needs this year, the bureaucrats in Sac are wringing their hands about trimming $5M here, and $25M there, and when it’s all said and done they’re gonna recommend a tripling of the car tax and many other increases in taxes. Instead of any semblance of fiscal responsibility we got clowns pretending to understand budgets and how to not spend more money than they get!
– Doug
(Quickly becoming the newest soapbox preacher.)ParticipantA few thoughts on this subject:
1. CA spends more money per student than any other state in the US. Washington DC spends more, but obviously they’re not a state.
2. CA was ranked, last I checked, 49 out of 50 with respect to test scores. I think the only state CA can poke fun as is Alabama.
3. The state lottery was supposed to help pay for schools and school related issues.
4. Prop 13 caps tax increases to 2% per year IIRC. My in-laws own a home in San Clemente which they bought new in 1965 for $45,000. It went up to about $1.5M, yet their property tax bill this year was, wait for it…… just under $900.
This cap in Prop 13 was bypassed by passing the Mello-Roos bill which adds a special bond that you pay for for the rest of your life! It can go up whenever necessary, and was meant as nothing more than a way to bypass Prop 13.
CA is a state where the government is so caught up in spending every single penny they can leach out of its people, and then spends another $10B on top of that. We should have been setting 1-2% aside each year so that in the lean years we’d have something to tide us over. Now we’re gonna be something like $20B short of our budget needs this year, the bureaucrats in Sac are wringing their hands about trimming $5M here, and $25M there, and when it’s all said and done they’re gonna recommend a tripling of the car tax and many other increases in taxes. Instead of any semblance of fiscal responsibility we got clowns pretending to understand budgets and how to not spend more money than they get!
– Doug
(Quickly becoming the newest soapbox preacher.)ParticipantThese politicians trying to get elected say the dumbest things. Putting a moratorium on foreclosures, giving 30-day reprieves, etc. – all completely miss the point. People are losing their jobs, have massive credit card debt, the money they have is losing its buying power when corn, soybeans, cocoa, gold, platinum, petroleum, and other goods are hitting or flirting with record high prices. The foreclosure on a home is a SYMPTOM of our current problems, not the root cause!
Let’s get real and deal with what’s causing these problems, not talk about retribution on banks for the loads of folks who never even glanced at the terms of the mortgage loans. Why not talk about this for a change? At least in the “House of Cards” on 60-Minutes when they interviewed the second couple the guy was open and frank enough to admit he never read the terms of his contract. And, even if he did read them, he didn’t seem to care – he wanted something better for his family, and gambled his family’s well being on a chance that property values would continue on the hyper-increasing trend.
Don’t confuse me with saying it’s all the borrower’s fault, cause I’m not. I’m saying everyone played the game to come out ahead with lots of money, and when people start losing value on their homes they cry foul – and that’s not right. You gamble, you lose, you pay.
I sympathize completely with those who are losing their homes due to reasons beyond their control. But, the rest are not entitled to receive my tax dollars to bail them out of a gambling debt.
– Doug (getting off his soapbox…for now!)
ParticipantThese politicians trying to get elected say the dumbest things. Putting a moratorium on foreclosures, giving 30-day reprieves, etc. – all completely miss the point. People are losing their jobs, have massive credit card debt, the money they have is losing its buying power when corn, soybeans, cocoa, gold, platinum, petroleum, and other goods are hitting or flirting with record high prices. The foreclosure on a home is a SYMPTOM of our current problems, not the root cause!
Let’s get real and deal with what’s causing these problems, not talk about retribution on banks for the loads of folks who never even glanced at the terms of the mortgage loans. Why not talk about this for a change? At least in the “House of Cards” on 60-Minutes when they interviewed the second couple the guy was open and frank enough to admit he never read the terms of his contract. And, even if he did read them, he didn’t seem to care – he wanted something better for his family, and gambled his family’s well being on a chance that property values would continue on the hyper-increasing trend.
Don’t confuse me with saying it’s all the borrower’s fault, cause I’m not. I’m saying everyone played the game to come out ahead with lots of money, and when people start losing value on their homes they cry foul – and that’s not right. You gamble, you lose, you pay.
I sympathize completely with those who are losing their homes due to reasons beyond their control. But, the rest are not entitled to receive my tax dollars to bail them out of a gambling debt.
– Doug (getting off his soapbox…for now!)
ParticipantThese politicians trying to get elected say the dumbest things. Putting a moratorium on foreclosures, giving 30-day reprieves, etc. – all completely miss the point. People are losing their jobs, have massive credit card debt, the money they have is losing its buying power when corn, soybeans, cocoa, gold, platinum, petroleum, and other goods are hitting or flirting with record high prices. The foreclosure on a home is a SYMPTOM of our current problems, not the root cause!
Let’s get real and deal with what’s causing these problems, not talk about retribution on banks for the loads of folks who never even glanced at the terms of the mortgage loans. Why not talk about this for a change? At least in the “House of Cards” on 60-Minutes when they interviewed the second couple the guy was open and frank enough to admit he never read the terms of his contract. And, even if he did read them, he didn’t seem to care – he wanted something better for his family, and gambled his family’s well being on a chance that property values would continue on the hyper-increasing trend.
Don’t confuse me with saying it’s all the borrower’s fault, cause I’m not. I’m saying everyone played the game to come out ahead with lots of money, and when people start losing value on their homes they cry foul – and that’s not right. You gamble, you lose, you pay.
I sympathize completely with those who are losing their homes due to reasons beyond their control. But, the rest are not entitled to receive my tax dollars to bail them out of a gambling debt.
– Doug (getting off his soapbox…for now!)
ParticipantThese politicians trying to get elected say the dumbest things. Putting a moratorium on foreclosures, giving 30-day reprieves, etc. – all completely miss the point. People are losing their jobs, have massive credit card debt, the money they have is losing its buying power when corn, soybeans, cocoa, gold, platinum, petroleum, and other goods are hitting or flirting with record high prices. The foreclosure on a home is a SYMPTOM of our current problems, not the root cause!
Let’s get real and deal with what’s causing these problems, not talk about retribution on banks for the loads of folks who never even glanced at the terms of the mortgage loans. Why not talk about this for a change? At least in the “House of Cards” on 60-Minutes when they interviewed the second couple the guy was open and frank enough to admit he never read the terms of his contract. And, even if he did read them, he didn’t seem to care – he wanted something better for his family, and gambled his family’s well being on a chance that property values would continue on the hyper-increasing trend.
Don’t confuse me with saying it’s all the borrower’s fault, cause I’m not. I’m saying everyone played the game to come out ahead with lots of money, and when people start losing value on their homes they cry foul – and that’s not right. You gamble, you lose, you pay.
I sympathize completely with those who are losing their homes due to reasons beyond their control. But, the rest are not entitled to receive my tax dollars to bail them out of a gambling debt.
– Doug (getting off his soapbox…for now!)
ParticipantThese politicians trying to get elected say the dumbest things. Putting a moratorium on foreclosures, giving 30-day reprieves, etc. – all completely miss the point. People are losing their jobs, have massive credit card debt, the money they have is losing its buying power when corn, soybeans, cocoa, gold, platinum, petroleum, and other goods are hitting or flirting with record high prices. The foreclosure on a home is a SYMPTOM of our current problems, not the root cause!
Let’s get real and deal with what’s causing these problems, not talk about retribution on banks for the loads of folks who never even glanced at the terms of the mortgage loans. Why not talk about this for a change? At least in the “House of Cards” on 60-Minutes when they interviewed the second couple the guy was open and frank enough to admit he never read the terms of his contract. And, even if he did read them, he didn’t seem to care – he wanted something better for his family, and gambled his family’s well being on a chance that property values would continue on the hyper-increasing trend.
Don’t confuse me with saying it’s all the borrower’s fault, cause I’m not. I’m saying everyone played the game to come out ahead with lots of money, and when people start losing value on their homes they cry foul – and that’s not right. You gamble, you lose, you pay.
I sympathize completely with those who are losing their homes due to reasons beyond their control. But, the rest are not entitled to receive my tax dollars to bail them out of a gambling debt.
– Doug (getting off his soapbox…for now!)
ParticipantWhat’s next – gamblers in Las Vegas who lose money are going to get government funds to pay off their debts? Sheesh, who would have ever thought that we’d come to a place where anyone would expect the government to step in and not only fix everything, but also foot the bill!
Seems to me that the people who were involved in making this crisis occur should be able to figure out a way out of it. The banks, lenders, realtors, and bond folks all got really creative in finding a way to make money before, why not force them to fix what they created without passing the losses onto the rest of us who were responsible and didn’t cause this mess!!!!!!!!!!!!!!!! AAAAAAAAAAARRRRRRRRRRRRRRGGGGGGGGGGHHHHHHHHHHHHHHHH
– Doug
ParticipantWhat’s next – gamblers in Las Vegas who lose money are going to get government funds to pay off their debts? Sheesh, who would have ever thought that we’d come to a place where anyone would expect the government to step in and not only fix everything, but also foot the bill!
Seems to me that the people who were involved in making this crisis occur should be able to figure out a way out of it. The banks, lenders, realtors, and bond folks all got really creative in finding a way to make money before, why not force them to fix what they created without passing the losses onto the rest of us who were responsible and didn’t cause this mess!!!!!!!!!!!!!!!! AAAAAAAAAAARRRRRRRRRRRRRRGGGGGGGGGGHHHHHHHHHHHHHHHH
– Doug
ParticipantWhat’s next – gamblers in Las Vegas who lose money are going to get government funds to pay off their debts? Sheesh, who would have ever thought that we’d come to a place where anyone would expect the government to step in and not only fix everything, but also foot the bill!
Seems to me that the people who were involved in making this crisis occur should be able to figure out a way out of it. The banks, lenders, realtors, and bond folks all got really creative in finding a way to make money before, why not force them to fix what they created without passing the losses onto the rest of us who were responsible and didn’t cause this mess!!!!!!!!!!!!!!!! AAAAAAAAAAARRRRRRRRRRRRRRGGGGGGGGGGHHHHHHHHHHHHHHHH
– Doug
ParticipantWhat’s next – gamblers in Las Vegas who lose money are going to get government funds to pay off their debts? Sheesh, who would have ever thought that we’d come to a place where anyone would expect the government to step in and not only fix everything, but also foot the bill!
Seems to me that the people who were involved in making this crisis occur should be able to figure out a way out of it. The banks, lenders, realtors, and bond folks all got really creative in finding a way to make money before, why not force them to fix what they created without passing the losses onto the rest of us who were responsible and didn’t cause this mess!!!!!!!!!!!!!!!! AAAAAAAAAAARRRRRRRRRRRRRRGGGGGGGGGGHHHHHHHHHHHHHHHH
– Doug
ParticipantWhat’s next – gamblers in Las Vegas who lose money are going to get government funds to pay off their debts? Sheesh, who would have ever thought that we’d come to a place where anyone would expect the government to step in and not only fix everything, but also foot the bill!
Seems to me that the people who were involved in making this crisis occur should be able to figure out a way out of it. The banks, lenders, realtors, and bond folks all got really creative in finding a way to make money before, why not force them to fix what they created without passing the losses onto the rest of us who were responsible and didn’t cause this mess!!!!!!!!!!!!!!!! AAAAAAAAAAARRRRRRRRRRRRRRGGGGGGGGGGHHHHHHHHHHHHHHHH
– Doug
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