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Jerry Brown: California's deficit is gone
SFGate ^

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 ...


TOPICS: News/Current Events
KEYWORDS: pingforlaterchecking

1 posted on 01/11/2013 10:09:19 PM PST by chessplayer
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To: chessplayer

What..........did they borrow a printing press from Turbo Tax cheat Tim Geithner?


2 posted on 01/11/2013 10:15:05 PM PST by entropy12 (The republic is doomed when people figure out they can get free stuff by voting democrats)
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To: entropy12

Maybe they minted a trillion dollar coin


3 posted on 01/11/2013 10:20:15 PM PST by NEWwoman (God Bless America)
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To: chessplayer

Wow! Problem solved.


4 posted on 01/11/2013 10:20:26 PM PST by FormerACLUmember
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To: entropy12

Nah, he just got one of those platinum coins. You know, the ones worth a trillion.


5 posted on 01/11/2013 10:21:00 PM PST by onona (KCCO, and mind the gap)
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To: chessplayer

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!


6 posted on 01/11/2013 10:21:24 PM PST by TaMoDee ( Lassez les bons temps rouler dans les 2012! Geaux, Pack, Geaux!)
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To: chessplayer

Did they mint a little gold coin worth $28 Billion?


7 posted on 01/11/2013 10:21:42 PM PST by txrefugee
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To: entropy12

Maybe he has his own personal definition of what debt is.


8 posted on 01/11/2013 10:31:54 PM PST by chessplayer
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To: chessplayer

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.


9 posted on 01/11/2013 10:34:41 PM PST by Fee
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To: chessplayer
Wait, Illinois has a public employee pension deficit alone of 98 billion dollars, and it has 12 million people.

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?

10 posted on 01/11/2013 10:38:16 PM PST by boop ("You don't look so bad, here's another")
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>> For the first time in five years, California is not facing a deficit

Bullshit.


11 posted on 01/11/2013 11:01:05 PM PST by Gene Eric (Demoralization is a weapon of the enemy. Don't get it, don't spread it!)
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To: chessplayer

Overblown projections. A lot of the recent revenue was from investors
selling stock before the ‘cliff hit the fan’.


12 posted on 01/11/2013 11:02:08 PM PST by rfp1234 (Arguing with a liberal is like playing chess with a pigeon.)
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To: rfp1234
So projected revenue exceeds projected expenses. Let's see what the actual numbers come out to be. Color me skeptical.
13 posted on 01/11/2013 11:10:32 PM PST by Bob
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To: boop
Wait, Illinois has a public employee pension deficit alone of 98 billion dollars, and it has 12 million people. California has what, 3-4 times the population and is running a surplus?

I believe the claim pertains to next year's budget, not all of CA's substantial liabilites.

14 posted on 01/11/2013 11:10:32 PM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: chessplayer

Of course Mexifornia is not facing a deficit.. They’ve turned their back to it.


15 posted on 01/11/2013 11:18:01 PM PST by Obama_Is_Sabotaging_America (IMPEACH OBAMA)
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To: chessplayer

BS


16 posted on 01/11/2013 11:18:11 PM PST by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: chessplayer

Poof!
LMBO!!


17 posted on 01/11/2013 11:19:07 PM PST by Lancey Howard
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To: Moonman62
"I believe the claim pertains to next year's budget, not all of CA's substantial liabilites."

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.

18 posted on 01/11/2013 11:49:29 PM PST by boop ("You don't look so bad, here's another")
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To: boop

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.


19 posted on 01/12/2013 12:12:55 AM PST by Drago
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To: boop

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.


20 posted on 01/12/2013 12:17:11 AM PST by funfan
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To: chessplayer

Did Gov. Moonbeam mention something about a “momentary high”?

The leftist Ahole has been “high” since the 70’s. Unfortunately his IQ has not.


21 posted on 01/12/2013 12:36:46 AM PST by MadMax, the Grinning Reaper
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To: TaMoDee

His irradiation treatment is over. No one uses chemo for the Prostrate.


22 posted on 01/12/2013 12:44:26 AM PST by Domangart
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To: chessplayer

The state calculator broke so we did it the old fashion way and lo and behold we are no longer in the red. Shell game learned from the ubango regime.


23 posted on 01/12/2013 3:34:50 AM PST by ronnie raygun (Being Breitbart, Lexington / Concord, America's first gun grab attempt)
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To: chessplayer

And so is any semblance of the governor’s coherence and grasp on reality. Nutty statement.


24 posted on 01/12/2013 4:44:39 AM PST by SueRae (It isn't over. In God We Trust.)
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To: 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.

Be careful, Californians, this declaration is a prelude for another round of raises for government employees and new programs.

25 posted on 01/12/2013 5:26:30 AM PST by Uncle Chip
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To: chessplayer

Governor Moonbeam is making the assumption that raising taxes will cause a proportional increase in revenue. No wonder he got the Moonbeam moniker.


26 posted on 01/12/2013 5:48:22 AM PST by norwaypinesavage (Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
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To: Domangart

“No one uses chemo for the Prostrate.”

Jerry Brown’s problem is not with his PROSTATE gland.

His problem is that he is prostRate to the gods of Liberalism.

“Definition of PROSTRATE - stretched out with face on the ground in adoration or submission;”


27 posted on 01/12/2013 6:05:00 AM PST by BwanaNdege ("To learn who rules over you simply find out who you are not allowed to criticize"- Voltaire)
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To: chessplayer
Even without a shortfall, California still has significant debt from accounting gimmicks used over the past decade. Brown estimated that what he calls the "wall of debt" would shrink from its current $27.8 billion to $4.3 billion over the next four years under his plan.

So each of the next four years California will run a surplus of six billion dollars to erase the $23.5 billion "wall of debt" ?

LOL...Moonbean must be smoking some serious weed...

He has no idea what will happen to the California economy for the next four years since every year they are losing jobs, business, legal tax paying populations and still have a huge illegals probelm

28 posted on 01/12/2013 6:25:08 AM PST by Popman
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To: Gene Eric
This is one of those dynamic stories (fairy tales) that shift and dodge about much like a quarterback on a busted pass play. Just another Hail Mary toss from Jerry....
29 posted on 01/12/2013 6:55:23 AM PST by ptsal (E)
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To: chessplayer

What is Brown smoking?

He can play with numbers all he wants, but you can bet his revenue projections are not going to be realized as the stampede from the once-Golden State continues.

In NJ, the revenue projection for the current year that ends on June 30th is off by over $ 700 million, including a very small impact from Sandy.

Five months to make up over $ 700 million? Not going to happen, even with Gov. Blimpie at the helm.

Brown;s debacle will be even worse.

Of the Dems in CA will solve the problem by raising taxes.

In thirty years they have managed to turn CA into a cesspool.

Democrats are the enemies of freedom.


30 posted on 01/12/2013 7:12:00 AM PST by exit82 ("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
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To: Gene Eric
This is one of those dynamic stories (fairy tales) that shift and dodge about much like a quarterback on a busted pass play. Just another Hail Mary toss from Jerry....
31 posted on 01/12/2013 7:40:25 AM PST by ptsal (E)
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To: chessplayer

Did you look at his projections?

“In April, the Venusians will land at Sacramento and give the the Governor twenty billion dollars.”

My Grandma can “project” to fix anything. Doing it is another story. And there’s the real story. Why does the press just report this baloney without questioning it? Propaganda.


32 posted on 01/12/2013 8:49:08 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: Domangart

Thanks for the correction, Doc. Maybe they “nuc’d” Jerry’s brain since he has his head up his butt most of the time anyways.


33 posted on 01/12/2013 10:00:19 AM PST by TaMoDee ( Lassez les bons temps rouler dans les 2012! Geaux, Pack, Geaux!)
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