Posted on 05/13/2012 7:47:57 AM PDT by SeekAndFind
SACRAMENTO, Calif. Californias budget deficit has swelled to a projected $16 billion much larger than had been predicted just months ago and will force severe cuts to schools and public safety if voters fail to approve tax increases in November, Gov. Jerry Brown said Saturday.
The Democratic governor said the shortfall grew from $9.2 billion in January in part because tax collections have not come in as high as expected and the economy isnt growing as fast as hoped for. The deficit has also risen because lawsuits and federal requirements have blocked billions of dollars in state cuts.
This means we will have to go much farther and make cuts far greater than I asked for at the beginning of the year, Brown said in an online video. But we cant fill this hole with cuts alone without doing severe damage to our schools. Thats why Im bypassing the gridlock and asking you, the people of California, to approve a plan that avoids cuts to schools and public safety.
Brown did not release details of the newly calculated deficit Saturday, but he is expected to lay out a revised spending plan Monday. The new plan for the fiscal year that starts July 1 hinges in large part on voters approving higher taxes.
The governor has said those tax increases are needed to help pull the state out of a crippling decade shaped by the collapse of the housing market and recession. Without them, he warned, public schools and colleges, and public safety, will suffer deeper cuts.
Democrats, who control the Legislature, have resisted Browns proposed cuts so far this year. Republican lawmakers criticized the majority party for building in overly optimistic tax revenues.
(Excerpt) Read more at washingtonpost.com ...
Hey Jerry! Choke on it! You dips deserve it.
they need to learn to live within their income.
So stop spending and up the taxes, you socialist clowns.
“The new plan for the fiscal year that starts July 1 hinges in large part on voters approving higher taxes.”
Well , if the voters vote to approve higher taxes, let’s take it to court and get it overturned , just like Prop 8.
Sounds like a plan, moonbeam.
At least it will be tied up in court for possibly years.
The curious thing is if voters (say 51-to-49 percent) vote against the tax hike....then what?
I would anticipate a five percent hike on tuition in the fall. I would also anticipate counties and cities getting less state revenue....so fewer services. If you were a small business man with an operation that could be relocated to Nevada or Arizona....I’d now is the time to find a site and prepare for the move. California has got a minimum of two decades of problems ahead of it.
They want to pay their fair share so let Hollywood bail them out.
“Higher than expected”
It is to laugh.
RE: Higher than expected
It is to laugh.
________________
Yes it is. These liberals are CLUELESS.
Any true conservative can predict the consequences of Jerry Brown and the California legislature’s TAX, SPEND and REGULATE policies.
Businesses don’t start or Establish businesses go elsewhere, unemployment rises resulting in less tax payers, the tax base crashes, in the meantime you still need to fulfill the overgenerous obligations you promise government employees. Of course the deficit will rise.
Yet, as you read the article, what does Gov. Moonbeam propose — MORE TAXES !!
This is the definition of insanity — Doing the same thing over and over again hoping for a different result.
Who was it who said : “Liberalism is a mental disorder”?
This comes as a surprise to this jackass? He’s stupider than I thought! (And that’s saying plenty!)
“Gov. Jerry Brown says California facing higher-than-expected $16 billion budget shortfall”
Better headline:
California government illegally overspent 16 Billion dollars and expect taxpayers to foot the bill.
Yes indeed, "unexpected" once again. Who knew? Certainly not liberal "experts." Not only are there "higher than expected" deficits due to increased taxes, increased spending, union boot licking & corruption, and unrestricted welcoming & handing out of money to legions of illegal & legal parasites alike, but there are no rainbows and unicorns either. Could we at least have gotten some rainbows & unicorns? That's unexpected as well I guess.
DEFICIT = $16 Billion
... the deficit is the short-fall for just this year
... then next year it’s another 16-20 billion ... and more the year after that ... and so, and so on. California has a serious problem with simply saying “no” because its politicians are gutless
It’s extremely expensive to educate, medicate, and incarcerate Mexico’s citizens, but CA will go bankrupt trying.
Oh, I agree and understood that. It makes one just want to go out and buy some Kallie Municipal Bonds and wait and see how long it takes to get stiffed like the premium bond holders with GM were. They are going to pay a high price for their ‘caring’. Much of the rest of this country could care less what happens there.
i guess deporting a few thousand illegal aliens is out of the question..
Yahoo is running this - 14,200+ comments so far, mostly negative. The people get it, the pols don't. Tell me that this is still a Republic.
Symptomatic of Brown's hypocrisy and California's problem is this 2011 article: Brown Deal Lifts Vacation Cap For California Prison Guards
Of course..
what was i thinking???
I wonder how much more (taxable) economic activity would have occurred in the State had Uncle Jerry not spent the last year threatening to raise taxes on California’s wealth producers. Businesses and those who start new businesses are fleeing the State out of fear of his new taxes. Each one that leaves takes jobs to some other State. California thus looses taxes that would have been paid by the businesses themselves and the income taxes that would have been paid by their workers.
By the time the state air board, the county board and the “neighborhood” board got done with us, we built the thing in Reno.
: )
IF you send it, they will spend it - and keep coming back for more!
Jerry good buddy, the well has run dry. Can’t get blood out of a turnip. Why don’t you ask Senor Calderon down south of the border to send a donation? After all, most working age Mexicans are already here!
Honestly, the Statehouse in Sacramento is a giant toilet bowl in serious need of a FLUSH!
“the shortfall grew from $9.2 billion in January in part because tax collections have not come in as high as expected and the economy isnt growing as fast as hoped for.”
Hard to understand why. But they can just fix that with a $16 billion tax increase. No sweat.
Democrats, who control the Legislature cause companies and people to leave the state due to taxes and regulations and the state goes broke.
Make plan B and never vote democrat.
Man, “punishing” Evil California businesses by taxing the hell out of them, and forcing them to comply with feel-good environmental legislation, and passing labor laws to please the Unions until Evil California businesses say “screw you” and move to more business-friendly states seem to cut into the tax revenue they need to pay for insanely generous social programs and Big Government! Who knew?
A company near my old California location, moved out of renting a group of small units, into a nearby larger building that they bought. The California regulators would not allow them to use one of their old machines in the new building. So what they did, was have the inspectors look at the building without that machinery. Then afterward, they moved that machinery into the building. That is the only way to do business in California. In the long run, it has led to the creation of numerous small regional mafias. I kid you not. Was in a restaurant recently that allowed smoking in the greater Los Angeles area. Run by an ethnic mob. State cannot touch them.
Some reality checks here folks:
1. Tax payers have an upper limit of what they are willing to pay for “effective” government. Notice I didn't say “good” or “bad”. Effective governments accomplishes most of what the tax payers want accomplished.
2. Tax payers know that granting any goverenemtn more funds does not make more “effective’. In fact, the more money a government gets the more likely it is to be ineffective.
3. Given any chance at all a tax payer will take active measures to reduce his tax burden. That's why businesses are leaving California.
4. Given any chance at all a tax payer will take passive measures to reduce his tax burden. That's why businesses aren't expanding in California any more.
5. And finally, tax payers are becoming aware that government officials, elected and otherwise, no longer work for the tax payers. They now work for the organizations that give them larger blocks of money for their elections and reelections. This has been a “hidden” rule in politics at all levels dating back to the late 19th Century. How else did the mobs gain control of so many government entities in the 1920’s and drug runners in the 1980’s? What was a hidden rule has become blatant and the tax payers are saying enough is enough.
Problem: California has a $16 billion budget shortfall. (Note to Rio Linda: This means the state spent $16 billion more than it took in.)
Solution from Gov. Moonbeam and Donkey legislators: Raise taxes by $16 billion. Problem solved. Next problem.
But the DNC is still adding new entitlement programs , read vote buys.
Jerry just added a new program called the dream act, a few months ago.
He said we had the Monet for it.
Some one had posted a year by year of the California State budget.
Does any one have this?
Now, can anybody take a wild crazy guess when California began having a structural $20 billion annual budget deficit? Anybody? Bhueller?
Hint: Governor Gray Davis was recalled in 2003.
As you view that chart, note the California budget was $40 billion in 1995.
So from 1995 to 2007 (12 years) the California budget went from $40 billion to $146 billion.
Nobody should be surprised when California goes insolvent.
Correction: $50 billion in 1995 not $40 billion. Point still stands.
Thank you Freedom_Is_Not_Free.
“they need to learn to live within their income.”
History teaches us that vote buying with other peoples money never ends until the reset button is hit.
The others laughing note this:
EVERYTHING and I mean EVERYTHING that happens in California rolls through your state in less than 10 years.
We saw the coming immigration problem and it ramifications in 1997 , as the others all laughed at the Fed overturning our SOS prop 187 try.
More lies from Jerry Brown. First, the $16B is a lie - the real deficit is $25B or more if you count the $$ California owes to the USG. Second, the term “temporary tax hike” is an oxymoron - we all know these will become permanent. Third, and speaking of permanent, the only cuts that make sense are the ones Brown is too chicken to propose: 20% across-the-board reduction in funding and staff for every state agency. Get rid of furlough days and pay the remaining employees properly and tell them to do more with less just as the private sector does.
Years ago my Grandpa gave me a bumper sticker: “If it’s Brown, flush it.” Some wisdom is timeless.
More lies from Jerry Brown. First, the $16B is a lie - the real deficit is $25B or more if you count the $$ California owes to the USG. Second, the term “temporary tax hike” is an oxymoron - we all know these will become permanent. Third, and speaking of permanent, the only cuts that make sense are the ones Brown is too chicken to propose: 20% across-the-board reduction in funding and staff for every state agency. Get rid of furlough days and pay the remaining employees properly and tell them to do more with less just as the private sector does.
Years ago my Grandpa gave me a bumper sticker: “If it’s Brown, flush it.” Some wisdom is timeless.
More lies from Jerry Brown. First, the $16B is a lie - the real deficit is $25B or more if you count the $$ California owes to the USG. Second, the term “temporary tax hike” is an oxymoron - we all know these will become permanent. Third, and speaking of permanent, the only cuts that make sense are the ones Brown is too chicken to propose: 20% across-the-board reduction in funding and staff for every state agency. Get rid of furlough days and pay the remaining employees properly and tell them to do more with less just as the private sector does.
Years ago my Grandpa gave me a bumper sticker: “If it’s Brown, flush it.” Some wisdom is timeless.
You are welcome
Why should all of this be NEWS? These voters elected liberals, socialists and communists in their state government, would they expect any thing differently? This state have been anti-business, whether large or small businesses or small businesses. And they have done a marvelous job in chasing as many of these businesses away from California for the last two years, and because they have no other cure for their state of economy, more and more businesses will leave California. By the time election time comes around, if anyone in this state still vote for these people, they deserve the kind of government they get.
Why should all of this be NEWS? These voters elected liberals, socialists and communists in their state government, would they expect any thing differently? This state have been anti-business, whether large or small businesses or small businesses. And they have done a marvelous job in chasing as many of these businesses away from California for the last two years, and because they have no other cure for their state of economy, more and more businesses will leave California. By the time election time comes around, if anyone in this state still vote for these people, they deserve the kind of government they get.
Why should all of this be NEWS? These voters elected liberals, socialists and communists in their state government, would they expect any thing differently? This state have been anti-business, whether large or small businesses or small businesses. And they have done a marvelous job in chasing as many of these businesses away from California for the last two years, and because they have no other cure for their state of economy, more and more businesses will leave California. By the time election time comes around, if anyone in this state still vote for these people, they deserve the kind of government they get.
Quit buying the votes of government unions and other schlubs on the state dole with our tax dollars!
Sincerely,
Rockitz
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