Skip to comments.Yikes! The state is running out of money. Again.
Posted on 01/31/2012 12:00:05 PM PST by landsbaum
State Controller John Chiang has announced that California will run out of cash by early March.
Yawn. Havent we heard this before?
So, whats Chiangs 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.
Lets see, what got the state into this mess? . . .
(Excerpt) Read more at orangepunch.ocregister.com ...
So, the state can get out of debt by borrowing? Brilliant, just brilliant.
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...
Maybe they could just raise the debt limit: http://www.youtube.com/watch?v=Li0no7O9zmE
If Zeno was right, then we'll never quite fall off the cliff.
I hope Zeno is right.
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
Seriously, though, I'd like to help. In fact, I'll give them $150 for Golden Gate Park.
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.
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.
They will raise taxes again and revenues will go down soon after.
Right. There is no real possibility that any high-speed rail will ever break even, much less be productive for the state.
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.
“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.
Cap & Trade should do the trick, except it doesnt start till August.
Good thing you get the photo. They grow up so fast!
This is the picture of "your" tree they won't send you:
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