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Yikes! The state is running out of money. Again.
The Orange County Register blog Orange Punch ^ | 1-31-2012 | Mark Landsbaum

Posted on 01/31/2012 12:00:05 PM PST by landsbaum

FLASH!

BULLETIN!!

NEWS ALERT!!!

State Controller John Chiang has announced that California will run out of cash by early March.

Yawn. Haven’t we heard this before?

So, what’s Chiang’s best advice?

The state will have to take swift action to find $3.3 billion through payment delays and borrowing, he writes in a letter to state lawmakers today.

Yawn.

Let’s see, what got the state into this mess? . . .

(Excerpt) Read more at orangepunch.ocregister.com ...


TOPICS: Business/Economy; Education; Government; Politics
KEYWORDS: deficits; govjerrybrown; govmoonbeam; highspeedrail

1 posted on 01/31/2012 12:00:08 PM PST by landsbaum
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To: landsbaum

So, the state can get out of debt by borrowing? Brilliant, just brilliant.


2 posted on 01/31/2012 12:02:05 PM PST by Mr. Lucky
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To: landsbaum

Every time they kick the can down the road it goes half as far as the last time. They are about to stub their toe on it. The day of reckoning is just about here. The man is at the door, and all that...


3 posted on 01/31/2012 12:04:16 PM PST by cuban leaf (Were doomed! Details at eleven.)
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To: All
NO MONEY but Moonbeam say lets spend 90 Billon on a high speed train that no one will ride.
4 posted on 01/31/2012 12:05:13 PM PST by troy McClure
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To: Mr. Lucky

Maybe they could just raise the debt limit: http://www.youtube.com/watch?v=Li0no7O9zmE


5 posted on 01/31/2012 12:05:13 PM PST by cuban leaf (Were doomed! Details at eleven.)
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To: All
NO MONEY but Moonbeam say lets spend 90 Billion on a high speed train that no one will ride.
6 posted on 01/31/2012 12:05:25 PM PST by troy McClure
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To: All
NO MONEY but Moonbeam say lets spend 90 Billion on a high speed train that no one will ride.
7 posted on 01/31/2012 12:05:31 PM PST by troy McClure
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To: cuban leaf
"Every time they kick the can down the road it goes half as far as the last time."

If Zeno was right, then we'll never quite fall off the cliff.

I hope Zeno is right.

8 posted on 01/31/2012 12:06:37 PM PST by who_would_fardels_bear
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To: troy McClure

Have you not heard that the high speed rail will create jobs? Jerry Brown says so. He is smarter than you and I. Everything will be OK. Trust Jerry. /s


9 posted on 01/31/2012 12:11:11 PM PST by forgotten man (forgotten man)
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To: landsbaum
State Controller John Chiang has announced that California will run out of cash by early March.

Okay.

Seriously, though, I'd like to help. In fact, I'll give them $150 for Golden Gate Park.

10 posted on 01/31/2012 12:11:53 PM PST by WayneS (Comments now include 25% MORE sarcasm for no additional charge...)
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To: landsbaum

That is at least in part because hard working people like me (6 figure income) quit the state (born and raised in L.A. area, mind you) since we are tired of being told we are evil for working so hard.

Add to that the number of idiotic things that happen at the State (debates in Spanish) and City (encouraging the OWS) levels, besides just handing my money to illegals, and you will end up where I think California is now: more people in the wagon than pulling it.

If all y’all are smart you’ll join me here in Texas, where the weather may not always be great but God always smiles on us Lone Star folk.


11 posted on 01/31/2012 12:16:36 PM PST by freedumb2003 (Spoiler Alert! The secret to Terra Nova: THEY ARE ALL DEAD!!!)
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To: troy McClure
Please let me correct you -

Governor Brown wants to spend at least 90 billion dollars on a concept demonstration project. This project, like most concept demonstrations, will generate no income.

Then after billions more to correct the problems identified in the concept demonstration Governor Brown's successors will ask for trillions to build the actual high speed rail route.

And please remember, my estimates are optimist ones.

12 posted on 01/31/2012 12:27:21 PM PST by Nip (TANSTAAFL and BOHICA)
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To: landsbaum

They will raise taxes again and revenues will go down soon after.


13 posted on 01/31/2012 12:50:04 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: Nip

Right. There is no real possibility that any high-speed rail will ever break even, much less be productive for the state.


14 posted on 01/31/2012 12:53:12 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: freedumb2003
Photobucket
15 posted on 01/31/2012 12:57:05 PM PST by mdel747
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To: landsbaum

Let’s not forget that California has in law its own version of “Cap And Trade”. I bet businesses just love that. Also California has so much money they can afford to help illegals go through college thanks once again to Brown. The state is a mess and will remain so because of the over whelming number of dimoKKKRATS.


16 posted on 01/31/2012 12:59:28 PM PST by Parley Baer
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To: WayneS

“Seriously, though, I’d like to help. In fact, I’ll give them $150 for Golden Gate Park.”

I am sponsoring a Redwood for 15 bucks a month. Every year they send me a picture of the tree and what it has been doing for the previous 12 months.

They said it was important because without my money, the tree can die from forest fires.


17 posted on 01/31/2012 1:02:34 PM PST by EQAndyBuzz (Most Conservative in the Primary, the Republican Nominee in the General.)
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To: landsbaum

Cap & Trade should do the trick, except it doesn’t start till August.


18 posted on 01/31/2012 1:03:56 PM PST by twistedwrench
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To: EQAndyBuzz
Every year they send me a picture of the tree

Good thing you get the photo. They grow up so fast!

19 posted on 01/31/2012 1:08:01 PM PST by 11Bush
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To: EQAndyBuzz
I am sponsoring a Redwood for 15 bucks a month. Every year they send me a picture of the tree and what it has been doing for the previous 12 months.

This is the picture of "your" tree they won't send you:

;)

20 posted on 01/31/2012 1:08:40 PM PST by freedumb2003 (Spoiler Alert! The secret to Terra Nova: THEY ARE ALL DEAD!!!)
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To: Parley Baer

In-home health services are being cut to raise money for illegal aliens to receive in-state tuition. Priorities don’t ya’ know. (Screw the elderly folk who pulled the wagon in Kalifornia for so many years).


21 posted on 01/31/2012 1:20:32 PM PST by CPO retired
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To: freedumb2003

HOLY CRAP! RUDY!!! NOOOOOOOOOOOOOOOOOOO.


22 posted on 01/31/2012 1:26:47 PM PST by EQAndyBuzz (Most Conservative in the Primary, the Republican Nominee in the General.)
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To: who_would_fardels_bear
I hope Zeno is right.

Zeno was bad at calculus. Not everything in math has an intuitive and correct answer.

Infinite processes remained theoretically troublesome in mathematics until the late 19th century. The epsilon-delta version of Weierstrass and Cauchy developed a rigorous formulation of the logic and calculus involved. These works resolved the mathematics involving infinite processes. (link)

23 posted on 01/31/2012 2:11:46 PM PST by Greysard
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To: GeronL
Right. There is no real possibility that any high-speed rail will ever break even, much less be productive for the state.

Don't let the late great Willie Green hear you say that.

24 posted on 01/31/2012 2:20:12 PM PST by dearolddad
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To: troy McClure
NO MONEY but Moonbeam say lets spend 90 Billion on a high speed train that no one will ride.

I heard someone refer to Gov. Moonbeam's the CA high speed rail system as the Brown Streak.

25 posted on 01/31/2012 2:26:38 PM PST by dearolddad
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To: Greysard

Zeno might not have known his calculus, but the idiots in Sacramento can’t even manage basic arithmetic.


26 posted on 01/31/2012 2:51:25 PM PST by who_would_fardels_bear
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To: landsbaum

Gee. I hope this doesn’t affect the high speed rail project. /s


27 posted on 01/31/2012 4:29:41 PM PST by Joan Kerrey
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