Skip to comments.Jerry Brown: California's deficit is gone
Posted on 01/11/2013 10:09:09 PM PST by chessplayer
For the first time in five years, California is not facing a deficit as Gov. Jerry Brown and lawmakers work to put together a spending plan for the next fiscal year.
(Excerpt) Read more at sfgate.com ...
What..........did they borrow a printing press from Turbo Tax cheat Tim Geithner?
Maybe they minted a trillion dollar coin
Wow! Problem solved.
Nah, he just got one of those platinum coins. You know, the ones worth a trillion.
Jerry is under going chemo for prostate cancer. This load of chemicals in addition to prior use has really cooked his brain. BS is the only way to describe what Moon Beam is saying!
Did they mint a little gold coin worth $28 Billion?
Maybe he has his own personal definition of what debt is.
Gov Brown represents the other way of dealing with deficits. Raise taxes and cut spending. The greatest feature of the US is the state system which allows all 50 states to experiment. NJ tried both, Florio tax increase and Whitman tax cuts. Both increased revenues, but NJ could not control spending. Budget problems stem from inability to control spending. Problem with the article proclaiming CA solved their deficit via the liberal “balanced” approach (higher taxes and moderate spending cuts)the cuts have not occur yet. Until the Dem legislators agree to Brown’s cuts, CA still has a deficit. If the CA gov has not moderated state worker raises and benefits, CA will face deficits within several years from now.
California has what, 3-4 times the population and is running a surplus?
Where did all this fresh cash come from, when they were drowning in a ginormous deficit a few months ago? What spending cuts have they made? Did a few dozen billionaires recently move there? Have they reduced their welfare recipient population?
>> For the first time in five years, California is not facing a deficit
Overblown projections. A lot of the recent revenue was from investors
selling stock before the ‘cliff hit the fan’.
I believe the claim pertains to next year's budget, not all of CA's substantial liabilites.
Of course Mexifornia is not facing a deficit.. They’ve turned their back to it.
Well that's just peachy. Just like how Clinton left office with a "surplus", yet the National Debt kept growing exponentially.
It's like paying off one small credit card balance this year, while ignoring your other 17 outstanding cards that are maxed out.
And a balanced budget in California even for ONE year?
With Jerry Brown and a 100% liberal legislature?
Never going to happen. Not now, not ever.
My guess is the CA deficit will "unexpectedly" be astronomical in 2013. You can raise taxes all you want, but until the $ is actually in hand, you have jack squat.
Ask Californians if they believe this crap coming from Brown.
I live in “The land of Free Republic” (hope to move out of Kalifornia in the next couple of years), and I predict a 5 to $6 billion “shortfall” by June 30, 2013.
Another “smoke & mirrors” budget that had to look “balanced” after Brown rammed thru the (by blackmail) Prop. 30 tax increases.
I don’t beleive it and I live in California.
If Cali is so flush with cash why is the LA city council
asking for a pothole tax to be paid for by property owners
$35.00 for each 100K of your property value - a 3 billion dollar bond measure. I think if Jerry is rolling in the dough then he should pay for it. All of the politican are f****** liars.