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no_such_reality
Participant[quote=Oni Koroshi]
Not everything is so black and white. It’s about stopping the bleeding at this point and trying to stabilize things after these huge budget cuts to all programs. [/quote]http://www.dof.ca.gov/budgeting/budget_faqs/documents/CHART-B.pdf
Please look at the table and identify where the total decrease is…
I find the column title EXPENDITURE TOTALS INCLUDING
FEDERAL FUNDS to be nice as it clearly shows were are spending $30 Billion more than in 2008.The general fund has taken a small hit, but it is more than made up for with Special Funds and Bonds.
November 7, 2012 at 1:27 PM in reply to: Post Election Blues: Dow -176pts, Nasdaq -39, S&P500 -21 #754031Participant[quote=livinincali]
That’s the problem right. $15/hr sounds like a good plan until you realize that all the costs in the system will go up. What you could buy with $8/hr is the same amount of stuff you can buy with $15/hr once the system adjusts to it. [/quote]That’s assuming the top end moves proportionately. The problem is $8/hr is really externalizing the real costs of the products that are provided with $8/hr labor.
It’s exactly the same problem with legal labor and 99 cents/lb grapes.
The grapes aren’t really 99 cents, and the illegal labor isn’t really $5/hour.
The grapes are 99 cents plus $20,000 periodic and random ER bills and $14 Billion in school bonds.
And the labor is $5/hr plus the same $20,000 periodic ER bill and $14 billion in school bonds.
November 7, 2012 at 11:13 AM in reply to: Post Election Blues: Dow -176pts, Nasdaq -39, S&P500 -21 #754012Participant[quote=The-Shoveler]More lower wage Jobs is not the answer,
And we need to kick minimum wage to 15 an hour IMO.( I know I am alone in that one)[/quote]
No you’re not. The living wage argument would do wonders to slow the sprawl of menial service jobs.
And frankly, we don’t need $1 Big Macs or a Starbux shlepping $4 ‘coffees’ on every corner.
November 7, 2012 at 11:11 AM in reply to: Post Election Blues: Dow -176pts, Nasdaq -39, S&P500 -21 #754010Participant[quote=flu]
Well then, I guess we’ll just have to give these jobs to people who want them…Such as undocumented workers… Oh wait, we can’t do that too…[/quote]Or pay enough to make it worthwhile, or make the job worthwhile, i.e value-add.
If he can’t get the skills/loyalty he wants, then he needs to pay more.
and frankly, he should consider himself lucky for dodging the bullet as obviously his interviewing wasn’t good enough to figure out the fickle view work she had.
Participant[quote=ucodegen][quote=Oni Koroshi]Aside from the small sales tax increase, this won’t affect the income for most of us yet public education will benefit greatly which does affect all of us.[/quote]Problem is that throwing money at it does not mean you get quality. We have too many mixed agendas here.[/quote]
No we don’t.
Most of the props and local measures all had one clear agenda. The trough is already lined up. It’s about the gravy, not the schools.
That billion dollar tax loophole, Prop 39? Yea, that’s about gravy too, it was bankrolled by the green energy hedgefund guy, and well, the tax revenue from it for the next two years are ear marked for ‘green energy’.
the death penalty prop, $100 million gravy for the police departments.
prop 30, gravy central…
November 7, 2012 at 10:56 AM in reply to: Post Election Blues: Dow -176pts, Nasdaq -39, S&P500 -21 #754003Participant[quote=flu]
But that’s the issue… If the person was working before, how would that have been different if she had to work at a FT job and had child care issues, versus now that she is unemployed. At her previous job, she would still have the same challenges to juggle a schedule as you know other people who work do… Seems like two separate issues…[/quote]The issue remains.
The marginal benefit is reduced.
Working for $16/hr with that issue is different than working for $10/hr with that issue and is different than not working for $8/hr with that issue…
And some under the table income from Craigslist, Ebay, whatever and she’s ahead by staying ‘behind’. Even realized savings from the excess time if put to good use may make up the difference.
Or maybe the job is just a job of convenience and not necessity.
November 7, 2012 at 10:17 AM in reply to: Post Election Blues: Dow -176pts, Nasdaq -39, S&P500 -21 #753991ParticipantIt may be a perfectly rational decision.
If you had any child care issues, etc. Even having children in school, frankly, a no brainer.
It’s a fundamental problem California has, too many, make too little.
The differences between legal work, under the table work and non-work are so marginal, that riding the system is rational.
November 7, 2012 at 10:06 AM in reply to: Post Election Blues: Dow -176pts, Nasdaq -39, S&P500 -21 #753988ParticipantThat’s because you make bank.
The office helper, well, she/he doesn’t make bank.
If she had been at a prior job a while, she probably was making $14-$16/hour. As a new hire, maybe part time, she’s going to make $10-$12/hour.
So UE benefits are about $320/week.
Or work 40 hours for $480, of which “taxes” likely withhold $120 leaving you with $360. From that you need gas money, etc.
Participant[quote=XBoxBoy]You ain’t seen nothing yet. Democrats will have super-majorities in both houses of the California legislature after this election. Let the taxing and spending begin!!![/quote]
No what happened last time we did that?
We got prop 13…
Participant[quote=flu][quote=no_such_reality][quote=flu]whoohooo… Stock futures are positive again…
Let’s see where this goes… Man the volatility indexes are going to go nuts…
Also, big day today… Qualcomm AH today…[/quote]
Well, across our State, San Diego looks like an anomaly.
It appears that along with Prop 30, most local Bond measures passed. $100 Million School Bonds are common.
$350 Million for Cerritos College district.
$93 million for Lynwood
$63 million for Lancaster
$63 million for Redondo Beach
$159 Million for Rowland
$128 million for Temple City
$55 million for Whittier
$79 million for Bellflower
$129 million for Covina
$220 million for Palmdale Elementary
$18 million for Little Lake School District (doesn’t sound like much but it was a total of less 8000 votes)
$385 million Santa Monica/Malibu
$90 million for InglewoodOC looks much the same[/quote]
I’m for local bond initiatives actually. I don’t have a problem with them…Well, except for the poway fiasco[/quote]
Yea, at least the money is local. But, look at that Government spending coming to the trough. I know our local SD had $135 million for ‘technology’ approved, it’s $5000 for every student in the system.
Sadly, this dumb money is too late to get part of that gravy boat. Think about it, one local school district is going to be spending $135 million. And the next ‘town’ over spending another $90 million.
Statewide, it is $14.8 Billion in School bonds.
Participant[quote=flu]whoohooo… Stock futures are positive again…
Let’s see where this goes… Man the volatility indexes are going to go nuts…
Also, big day today… Qualcomm AH today…[/quote]
Well, across our State, San Diego looks like an anomaly.
It appears that along with Prop 30, most local Bond measures passed. $100 Million School Bonds are common.
$350 Million for Cerritos College district.
$93 million for Lynwood
$63 million for Lancaster
$63 million for Redondo Beach
$159 Million for Rowland
$128 million for Temple City
$55 million for Whittier
$79 million for Bellflower
$129 million for Covina
$220 million for Palmdale Elementary
$18 million for Little Lake School District (doesn’t sound like much but it was a total of less 8000 votes)
$385 million Santa Monica/Malibu
$90 million for InglewoodOC looks much the same
November 7, 2012 at 9:12 AM in reply to: Post Election Blues: Dow -176pts, Nasdaq -39, S&P500 -21 #753959Participant[quote=spdrun]Oh please. Have you actually seen how the average family on welfare lives?
Really the only thing that’s changing is that the playing field for health insurance is being leveled between the self-employed, small businesses, and large conglomerates. This is a good thing for capitalism and free-enterprise, since people will be more free to walk off and start their own businesses – immobility of labor due to insurance or other considerations is a bad thing.[/quote]
Yep, even as I RINO, I could see that imperfect as it is, Obamacare will free people from being shackled to employers. And that is good for the economy.
As for welfare living… I’ve see a wide range of reports, from the percentage of them with cable premium channels and big screen LCD TVs and smartphones to those standing in line at the grocery store desperately trying to figure out how to get milk AND cereal…
Interestingly, my Spanish still isn’t good enough to keep up with the excited talking of the work crew at the McDonalds. I have a affliction for a morning McMuffin. Today is the first time in over a year that I’ve seen excitement on the parts of the work crew. The few words I did catch were clear. Prop 32, prop 30, Obama…
So in the end, one positive is that at least the people I see working regularly, are still hopeful. I just hope they know what they’re getting
November 7, 2012 at 8:59 AM in reply to: Post Election Blues: Dow -176pts, Nasdaq -39, S&P500 -21 #753951Participant[quote=spdrun]
Please buy spdrun. The more the better. Might want to buy on margin too.
I’ll wait till this little lemmingfest is over, then I shall. Obama’s just a president, not a demigod or demon. Unless he starts dropping H-bombs, the world won’t end.
In fact, the world and environment is probably better off for not having Romney for US President. Obama is more likely to address climate issues rather than sacrificing them on the altar of the economy.[/quote]
Actually, at a national level, we still have the same paralysis as before.
ParticipantSo flu, you have two choices:
1. make less money
2. make more moneyIf you make 10% more, you’ll have a percent or two more after tax money to spend.
If you make less, you’ll have less.
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