Skip to comments.Bad budget news for Jerry Brown
Posted on 02/19/2012 12:49:08 PM PST by Mark Landsbaum
The state's independent Legislative Analyst's Office warns that Gov. Jerry Brown relies on too much money from cap-and-trade taxes to shore up the state's beleaguered budget.
In his 2012-13 budget, the governor overestimates how much relief he can expect from businesses forced to buy "credits" beginning in August to permit greenhouse gas emissions. The 2011-12 budget fell billions short of Mr. Brown's projected revenue, despite his boast last year that it was balanced....
(Excerpt) Read more at ocregister.com ...
Hopefully Jerry will succeed in driving ALL industry out of California, then the entire population can go back to hunting (without firearms of course) and gathering to eak out a miserable existence. But then he and the eco-freaks can claim glorious victory for ending all sources of pollution in the state. And mourn the loss of taxes and watch the state collapse.
I'm sure the state of California is even worse. Watch what Bill Whittle has to say. Great summary of the deficit. Remember, his two pies are always equal in size, because:
Tax revenues + borrowed debt = govt spending + entitlement costs
Good luck collecting from all those businesses that flee to Texas and Nevada.
California is doomed. I can’t wait to retire and leave.
“California is doomed. I cant wait to retire and leave.”
As a California Native, I hate the thought of finally abandoning such a beautiful state, but it’s time.
It’s been destroyed by the left, who think that a healthy economy and robust businesses are somehow evil. And to top that off, our cost to support programs for illegal immigrants is almost exactly the same as the budget deficit, but NOT ONE politician has the guts to address this political third rail.
Where will they get the money for their utopian nightmare when all the productive citizens and employers finally leave?
Governor Brown is counting his CO2 before it emits.
The vid says it all.
I was stationed in CA for a couple of years. Your “State Board of Equalization,” is beyond vicious. I haven’t tangled with the Federal IRS, but suspect it is less bad than your gestapo CA agency.
They don’t have the money to fund the “nightmare” to date. That is why we have a structural $20 billion annual budget deficit. They have been addressing it in one way or another since 2003, and it is still an annual $20 billion deficit.
I mean, when Arnold first came in and tried, he passed a very real $13 billion bond issue to close the gap. So yes, we are broke now and it is getting worse and will continue to accelerate with, as you said, “Where will they get the money for their utopian nightmare when all the productive citizens and employers finally leave?”
Not all productive people will leave. Some of the die-hard lobotomized liberals make good money and pay through the nose in state taxes and property taxes and sales taxes. But yes, businesses will continue to leave in a flood, revenue will continue to plunge and at some point, the natives will get very restless.
California is basically following the script for Detroit, Michigan so it will be a long, slow slide. Not a sudden event. It will become a continual struggle for the people working and paying nose-bleed taxes, as the bums and slackers get increasingly violent because they are getting less and less freebies.
California Country Club Democrats -
“Damnit! I saw a middle class riff-raff today! Next thing you know, they’ll be on our beach! Haven’t we rid ourselves of these working class trash yet? Where’s Heather? Is she out slumming with that middle class boy again? I hope she doesn’t get “Suburb Fever” and bring home a middle class brat!”
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