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November 12, 2010 at 8:11 PM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #630487November 12, 2010 at 8:11 PM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #631060
EconProf
ParticipantCA 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.November 12, 2010 at 8:11 PM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #631188EconProf
ParticipantCA 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.November 12, 2010 at 8:11 PM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #631508EconProf
ParticipantCA 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.November 12, 2010 at 2:22 PM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #630235EconProf
ParticipantBrian, 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.
November 12, 2010 at 2:22 PM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #630312EconProf
ParticipantBrian, 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.
November 12, 2010 at 2:22 PM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #630887EconProf
ParticipantBrian, 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.
November 12, 2010 at 2:22 PM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #631014EconProf
ParticipantBrian, 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.
November 12, 2010 at 2:22 PM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #631332EconProf
ParticipantBrian, 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.
November 12, 2010 at 10:28 AM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #630035EconProf
ParticipantSchwarzenegger may have been elected as a Republican, but he governed as a Democrat, which would change your numbers somewhat. Equally important is who controls the legislature–which has been in Democrat hands for 40 years, excepting 1995 and 1996.
You are correct, San Diego Republican mayors don’t exactly act conservative, especially Dick Murphy who caved to municipal unions a decade ago and gave away outrageous pension benefits now starting to hit the fan. Likewise our current “Republican” mayor Sanders who recently pushed for a sales tax hike and more recently put off budget cutting until next summer. Some conservative.
So…more important than party labels is whether liberals or real conservatives are in power, and the sentiment of the electorate in the state. On that score, liberals in California should be very happy. Not only did they increase their power here while getting shellacked in the rest of the country, they apparently hold the sympathies of the electorate. The demographic trends point to a more and more left-leaning population, as we drive middle-class taxpayers out and attract tax users. With 12% of the nation’s population and 32% of the welfare recipients, our electoral trend is clear. We will continue to tax a smaller and smaller share of the population, which will continue to flee to friendlier business climates, worsening our state budget deficit, increasing calls for more revenue, etc.
With the nation’s third worst unemployment rate and seemingly no clue as to what caused it, our state officeholders, now uniformly Democrat, get the full reins of power. Add to that the power to pass a budget with only 50% instead of two-thirds, the clout of public employee unions, most of the media in the state, a swell anti-global warming program, an increased grip on the senate and assembly, and above all an increasingly liberal electorate and the liberals have to be very pleased. Future comparisons of California versus other states promise to get even more interesting.November 12, 2010 at 10:28 AM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #630112EconProf
ParticipantSchwarzenegger may have been elected as a Republican, but he governed as a Democrat, which would change your numbers somewhat. Equally important is who controls the legislature–which has been in Democrat hands for 40 years, excepting 1995 and 1996.
You are correct, San Diego Republican mayors don’t exactly act conservative, especially Dick Murphy who caved to municipal unions a decade ago and gave away outrageous pension benefits now starting to hit the fan. Likewise our current “Republican” mayor Sanders who recently pushed for a sales tax hike and more recently put off budget cutting until next summer. Some conservative.
So…more important than party labels is whether liberals or real conservatives are in power, and the sentiment of the electorate in the state. On that score, liberals in California should be very happy. Not only did they increase their power here while getting shellacked in the rest of the country, they apparently hold the sympathies of the electorate. The demographic trends point to a more and more left-leaning population, as we drive middle-class taxpayers out and attract tax users. With 12% of the nation’s population and 32% of the welfare recipients, our electoral trend is clear. We will continue to tax a smaller and smaller share of the population, which will continue to flee to friendlier business climates, worsening our state budget deficit, increasing calls for more revenue, etc.
With the nation’s third worst unemployment rate and seemingly no clue as to what caused it, our state officeholders, now uniformly Democrat, get the full reins of power. Add to that the power to pass a budget with only 50% instead of two-thirds, the clout of public employee unions, most of the media in the state, a swell anti-global warming program, an increased grip on the senate and assembly, and above all an increasingly liberal electorate and the liberals have to be very pleased. Future comparisons of California versus other states promise to get even more interesting.November 12, 2010 at 10:28 AM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #630686EconProf
ParticipantSchwarzenegger may have been elected as a Republican, but he governed as a Democrat, which would change your numbers somewhat. Equally important is who controls the legislature–which has been in Democrat hands for 40 years, excepting 1995 and 1996.
You are correct, San Diego Republican mayors don’t exactly act conservative, especially Dick Murphy who caved to municipal unions a decade ago and gave away outrageous pension benefits now starting to hit the fan. Likewise our current “Republican” mayor Sanders who recently pushed for a sales tax hike and more recently put off budget cutting until next summer. Some conservative.
So…more important than party labels is whether liberals or real conservatives are in power, and the sentiment of the electorate in the state. On that score, liberals in California should be very happy. Not only did they increase their power here while getting shellacked in the rest of the country, they apparently hold the sympathies of the electorate. The demographic trends point to a more and more left-leaning population, as we drive middle-class taxpayers out and attract tax users. With 12% of the nation’s population and 32% of the welfare recipients, our electoral trend is clear. We will continue to tax a smaller and smaller share of the population, which will continue to flee to friendlier business climates, worsening our state budget deficit, increasing calls for more revenue, etc.
With the nation’s third worst unemployment rate and seemingly no clue as to what caused it, our state officeholders, now uniformly Democrat, get the full reins of power. Add to that the power to pass a budget with only 50% instead of two-thirds, the clout of public employee unions, most of the media in the state, a swell anti-global warming program, an increased grip on the senate and assembly, and above all an increasingly liberal electorate and the liberals have to be very pleased. Future comparisons of California versus other states promise to get even more interesting.November 12, 2010 at 10:28 AM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #630814EconProf
ParticipantSchwarzenegger may have been elected as a Republican, but he governed as a Democrat, which would change your numbers somewhat. Equally important is who controls the legislature–which has been in Democrat hands for 40 years, excepting 1995 and 1996.
You are correct, San Diego Republican mayors don’t exactly act conservative, especially Dick Murphy who caved to municipal unions a decade ago and gave away outrageous pension benefits now starting to hit the fan. Likewise our current “Republican” mayor Sanders who recently pushed for a sales tax hike and more recently put off budget cutting until next summer. Some conservative.
So…more important than party labels is whether liberals or real conservatives are in power, and the sentiment of the electorate in the state. On that score, liberals in California should be very happy. Not only did they increase their power here while getting shellacked in the rest of the country, they apparently hold the sympathies of the electorate. The demographic trends point to a more and more left-leaning population, as we drive middle-class taxpayers out and attract tax users. With 12% of the nation’s population and 32% of the welfare recipients, our electoral trend is clear. We will continue to tax a smaller and smaller share of the population, which will continue to flee to friendlier business climates, worsening our state budget deficit, increasing calls for more revenue, etc.
With the nation’s third worst unemployment rate and seemingly no clue as to what caused it, our state officeholders, now uniformly Democrat, get the full reins of power. Add to that the power to pass a budget with only 50% instead of two-thirds, the clout of public employee unions, most of the media in the state, a swell anti-global warming program, an increased grip on the senate and assembly, and above all an increasingly liberal electorate and the liberals have to be very pleased. Future comparisons of California versus other states promise to get even more interesting.November 12, 2010 at 10:28 AM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #631132EconProf
ParticipantSchwarzenegger may have been elected as a Republican, but he governed as a Democrat, which would change your numbers somewhat. Equally important is who controls the legislature–which has been in Democrat hands for 40 years, excepting 1995 and 1996.
You are correct, San Diego Republican mayors don’t exactly act conservative, especially Dick Murphy who caved to municipal unions a decade ago and gave away outrageous pension benefits now starting to hit the fan. Likewise our current “Republican” mayor Sanders who recently pushed for a sales tax hike and more recently put off budget cutting until next summer. Some conservative.
So…more important than party labels is whether liberals or real conservatives are in power, and the sentiment of the electorate in the state. On that score, liberals in California should be very happy. Not only did they increase their power here while getting shellacked in the rest of the country, they apparently hold the sympathies of the electorate. The demographic trends point to a more and more left-leaning population, as we drive middle-class taxpayers out and attract tax users. With 12% of the nation’s population and 32% of the welfare recipients, our electoral trend is clear. We will continue to tax a smaller and smaller share of the population, which will continue to flee to friendlier business climates, worsening our state budget deficit, increasing calls for more revenue, etc.
With the nation’s third worst unemployment rate and seemingly no clue as to what caused it, our state officeholders, now uniformly Democrat, get the full reins of power. Add to that the power to pass a budget with only 50% instead of two-thirds, the clout of public employee unions, most of the media in the state, a swell anti-global warming program, an increased grip on the senate and assembly, and above all an increasingly liberal electorate and the liberals have to be very pleased. Future comparisons of California versus other states promise to get even more interesting.November 12, 2010 at 6:33 AM in reply to: OT: Estimated state budget deficit reaches $25.4 billion #630596EconProf
ParticipantMy point was that while the rest of the nation comes to its senses about government spending and big government, CA moves to the left in electing its local, state, and federal politicians. Boxer is the most prominent example.
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