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AP Exclusive: State Budgets Slide
Associated Press ^ | dec 18, 2007 | ANDREW WELSH-HUGGINS

Posted on 12/18/2007 7:37:03 AM PST by george76

For the third time in a month, an analysis of state finances is warning that budget deficits and spending cuts are on the way.

Thirteen states say they could face shortfalls for the fiscal year that begins July 1 in most states, including large states like California and New York.

The deficits could reach at least $23 billion, according to an analysis by the Center on Budget and Policy Priorities released Tuesday.

The report says another 11 states expect problems with their budgets over the next two years, suggesting a return to the bleak economic outlook states faced at the beginning of the decade.

"We're really teetering on the edge," said Iris Lav, the center's deputy director. "With the deficits this large already before there's actual evidence we're in a recession, that seems quite serious."

The report mirrors findings earlier this month in two other surveys, one by the National Conference of State Legislatures and the other from the country's governors and state budget officers.

California is addressing a deficit that could range from $10 billion to $14 billion, while New York budget officials are projecting about a $4 billion deficit...

"Our problem is we've just been spending too much," California Senate Republican leader Dick Ackerman said in an interview. "Our income has gone up every year, but the rate of spending has gone up greater than the income."

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Government; News/Current Events; US: California; US: Florida; US: New Jersey; US: New York
KEYWORDS: calbudget; corruption; spending; statefinances; taxes

1 posted on 12/18/2007 7:37:04 AM PST by george76
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To: PGalt; SunkenCiv

2 posted on 12/18/2007 7:38:29 AM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76

“Our problem is we’ve just been spending too much,” California Senate Republican leader Dick Ackerman said in an interview. “Our income has gone up every year, but the rate of spending has gone up greater than the income.”


3 posted on 12/18/2007 7:42:15 AM PST by Grampa Dave ("Ron Paul and his flaming antiwar spam monkeys can Kiss my Ass!!"- Jim Robinson, Sept, 30, 2007)
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To: george76

And most of those states are ruled by............?

Associated Pravda doesn’t note that.


4 posted on 12/18/2007 7:42:33 AM PST by The South Texan (The Drive By Media is America's worst enemy and American people don't know it.)
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To: george76
"Our problem is we've just been spending too much," California Senate Republican leader Dick Ackerman said in an interview. "Our income has gone up every year, but the rate of spending has gone up greater than the income."

I'm sorry sir, you make far too much sense. If you wish to keep your government job you'll have to have at least half of your brain removed.

5 posted on 12/18/2007 7:43:58 AM PST by KarlInOhio (Government is the hired help - not the boss. When politicians forget that they must be fired.)
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To: george76; AdmSmith; Berosus; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; ...
"Our problem is we've just been spending too much," California Senate Republican leader Dick Ackerman said in an interview. "Our income has gone up every year, but the rate of spending has gone up greater than the income."
Well, that calls for big raises and tax increases! Thanks george76.
6 posted on 12/18/2007 7:45:37 AM PST by SunkenCiv (Profile updated Monday, December 10, 2007____________________https://secure.freerepublic.com/donate/)
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To: Grampa Dave

“Our problem is we’ve just been spending too much,” California Senate Republican leader Dick Ackerman said in an interview. “Our income has gone up every year, but the rate of spending has gone up greater than the income.”

Our current failed governor Arnold promised not to let this happen. Someone must have given him a new script.

On the positive side, his fund raising is much better then Davis and Arnold has millions. What office will he run for?


7 posted on 12/18/2007 7:46:24 AM PST by edcoil (Reality doesn't say much - doesn't need too)
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To: george76

Cal: a $14 mill deficit and $10 bill in services to illegals.


8 posted on 12/18/2007 7:50:08 AM PST by purpleraine
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To: edcoil; SierraWasp; tubebender; Shermy; RonDog

“On the positive side, his fund raising is much better then Davis and Arnold has millions. What office will he run for?”

Probably DiFi’s office. If she left due to a health problem, he would probably appoint himself.

Arnold has given the teacher’s union a credit card with no limits. Talk to any teacher still working and ask about their pay raises the past few years and their incredible retirement plans.

Our education taxes keep increasing with the mandated taxes before Arnold. He has done nothing to wake up the public and get the law changed re the % so called education gets.

Arnold is poing the pure Greens. He will veto a Green bill that would cause large unemployment or economic losses to many to satisfy a few radical greens.

Greens, who make money on tax supported shams like ethanol, solar and wind power, love Arnold. The money they can make has been and can be enormous with these green energy scams using our tax $’s.


9 posted on 12/18/2007 7:57:20 AM PST by Grampa Dave ("Ron Paul and his flaming antiwar spam monkeys can Kiss my Ass!!"- Jim Robinson, Sept, 30, 2007)
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To: george76

Prior to Mitch Daniels, under Democrat control, we went from a $2B surplus to a $600M Deficit.

Under Mitch Daniels, in what has been described as the “worst economy since Herbert Hoover”, in 3 years has turned that back into a $1B surplus.

And partly by leasing the Toll Road, all of our major Highway projects are fully funded for the next 10 years.


10 posted on 12/18/2007 8:02:03 AM PST by digger48
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To: Grampa Dave; calcowgirl
SOS... the good ship USS California has been torpedoed by a Austrian stealth U-Bloat...
11 posted on 12/18/2007 8:06:12 AM PST by tubebender (Lost another one to the Tag Line bandit...)
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To: tubebender

The ship USS CALIFORNIA had been torpedoed by Grayout Davis, and now Arnold is strafing the lifeboats holding the taxpayers.


12 posted on 12/18/2007 8:13:32 AM PST by Grampa Dave ("Ron Paul and his flaming antiwar spam monkeys can Kiss my Ass!!"- Jim Robinson, Sept, 30, 2007)
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To: The South Texan
And most of those states are ruled by............?

"Most" by a very small margin. In fact, of the twenty states listed as having or heading towards a fiscal crisis, the Republicans control two of the three bodies that control spending (either both houses of the legislature or one house and the governorship), and in three states, the Republicans control both houses of the legislature and the governorship.

13 posted on 12/18/2007 8:15:23 AM PST by Labyrinthos
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To: george76
A couple week ago the state budget gap was estimated at $10 billion, then last week it went up to $14 billion and this week it could be $23 billion. Who knows where it will be next week. All we know for sure is that spending is out of control.
14 posted on 12/18/2007 8:28:58 AM PST by Uncle Hal
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To: george76

Here in Florida they are experiencing massive revenue shortfalls because of a decline (by up to 50%) in housing prices. Thanks to the whacked out system called Homesteading that treats people who have lived in their homes for a long time as 1st class citizens and taxes them less than us 2nd or 3rd class citizens, the newcomers are drying up faster than a camel fart in the middle of the desert. When your economy is based largely on growth, that is a very bad thing...


15 posted on 12/18/2007 9:45:51 AM PST by stefanbatory
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To: Uncle Hal; tubebender; Grampa Dave; george76; SierraWasp; ElkGroveDan; Amerigomag
A couple week ago the state budget gap was estimated at $10 billion, then last week it went up to $14 billion and this week it could be $23 billion.

This is just where the budget games begin. If we assume the gap is somewhere in the $15 billion range, it is to their advantage to now call it $25 billion. Then they can claim that their actions (which will be a bunch of mumbo jumbo) cut $10 billion and they will only have to raise taxes to cover the $15 billion! Then we can all applaud at how they solved the crisis with their great fiscal management!

16 posted on 12/18/2007 10:51:36 AM PST by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
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To: Grampa Dave
"Arnold is poing the pure Greens. He will veto a Green bill that would cause large unemployment or economic losses to many to satisfy a few radical greens."

I'm have a little trouble following, or understanding those two sentences. Can you clarify a little?

As to Arnold ever taking a position in the Senate, I heard some talking head whose name I cannot "recall," articulate very clearly and strongly why Arnold will NEVER seek to join a club of 100 politicians where he is the junior member for even two years!!! His mental make-up just would not, no, cannot stand such a confining and demeaning come-down from his lofty executive perch. It simply doesn't suit him and Arnold does NOT do ANYTHING that doesn't suit his personal interest... EVER!!!

Therefore, both Boxer and Feinstein's "seats" are completely safe as Arnold won't touch 'em!!! (and neither would you or I if you think about it)

I see Arnold more intested in the UN in that top executive position.

17 posted on 12/18/2007 10:51:48 AM PST by SierraWasp (Too many NIE contributors are ruthless, rogue resistance agents in our own CIA & State Dep!!!)
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To: calcowgirl
it is to their advantage to now call it $25 billion. Then they can claim that their actions (which will be a bunch of mumbo jumbo) cut $10 billion and they will only have to raise taxes to cover the $15

He's also looking over his shoulder for a recall. If he claims a $25 billion deficit, that'll pretty much do it.

18 posted on 12/18/2007 11:47:47 AM PST by ElkGroveDan (If Rudy's an influential conservative, then I'm an award winning concert pianist.)
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To: calcowgirl
Have you read George Skelton's op-ed this week? The MSM is already setting it up that the budget cannot be cut and its time to raise taxes.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

19 posted on 12/18/2007 11:50:43 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: SierraWasp
I don't see him running for the Senate. He wants to be President but eligibility for that office is limited, thankfully to the native-born.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

20 posted on 12/18/2007 11:52:45 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: goldstategop; ElkGroveDan; tubebender; SierraWasp
The MSM is already setting it up that the budget cannot be cut and its time to raise taxes.

IMO, that is the same budget game Arnold started playing a month ago by asking his administration to go figure out "how to cut 10%" of the spending.

It shouldn't be too long now before we start hearing the stories about how the disabled will be without assistance, the elderly will be put on the streets, and children will die--if they cut spending. Not to mention the roads being crumbled, the people being without water, and anarchy in the streets. Hark--I hear the violins now!

The MSM will push for tax increases. BUT--Arnold will push for Public Private Partnerships for every feasible state government operation around. He will try to sell it as "not raising taxes." Beware--these will all be very lucrative deals for Arnold's campaign donors and ones that will leave the state with a chunk of cash in the short term but disaster in the long run (when every revenue stream is committed to a private enterprise). One could muse that Arnold's deliberate path to fiscal destruction was actually his objective all along--leaving the PPP option as one that would be palatable to voters who don't want a tax increase.

Yeah... I know. I'm a distrustful cynic. (and/or, very observant!)

21 posted on 12/18/2007 1:21:31 PM PST by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
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To: SierraWasp
I see Arnold more intested in the UN in that top executive position.

I think you're right-on about the Senate--Arnold would never want to be just one of 100 (nor a "junior" anything!) Can't ya just see him travelling the world in photo-ops with GHWB and WJC? There must be some high-fallutin' post associated with Gorebull Warming from which he can reign. Or... President of Austria is another possibility.

22 posted on 12/18/2007 1:25:15 PM PST by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
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To: calcowgirl
Skelton actually said its impossible to cut anything. Raising taxes won't fly in the Legislature either. So PPP's look like an option. It allows the politicians to claim they're streamlining government without cutting back spending or having to raise taxes.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

23 posted on 12/18/2007 1:28:33 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: calcowgirl
It shouldn't be too long now before we start hearing the stories about how the disabled will be without assistance, the elderly will be put on the streets, and children will die--if they cut spending.

Yep. It's really sad on budget hearing days they wheel the mentally handicapped and disabled in wheelchairs and even on gurneys into the hallways of the capitol as props, where they sit around looking scared and confused. Liberals have no shame.

24 posted on 12/18/2007 1:28:55 PM PST by ElkGroveDan (I'm sick and tired of being sick and tired of leftists.)
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To: ElkGroveDan
Republicans are not going to ask for those kind of spending cuts. And who is going to cross the teachers' unions or the powerful state corrections' officers union? Some spending is politically untouchable because powerful groups that give politicians a lot of money during campaign time have a vested interest in keeping the money sluice open.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

25 posted on 12/18/2007 1:32:18 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: ElkGroveDan
It's really sad on budget hearing days they wheel the mentally handicapped and disabled in wheelchairs and even on gurneys into the hallways of the capitol as props, where they sit around looking scared and confused.

Oh, that is sooooo pathetic!

Liberals have no shame.

Understatement.

26 posted on 12/18/2007 1:33:53 PM PST by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
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To: calcowgirl; goldstategop; ElkGroveDan; Carry_Okie; tubebender; Grampa Dave
I personally don't think ANY woman and danged few men, if ANY, should EVER trust Mr. Schwartzensocialist EVER again!!!

This Californian is deeply OFFENDED by his sickening sophistry!!! (but I guess that's what I get for caring)

27 posted on 12/18/2007 1:34:38 PM PST by SierraWasp (Too much religion mixed with politics just leads the participants into too much hate & discontent!!!)
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New tagline notice!!!


28 posted on 12/18/2007 1:35:31 PM PST by SierraWasp (Too much religion mixed with politics just leads the participants into too much hate & discontent!!!)
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To: SierraWasp
He should really become a Democrat. He agrees with them on everything. Why he remains a Republican is a mystery no one understands.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

29 posted on 12/18/2007 1:37:07 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: calcowgirl

“It shouldn’t be too long now before we start hearing the stories about how the disabled will be without assistance, the elderly will be put on the streets, and children will die—if they cut spending. Not to mention the roads being crumbled, the people being without water, and anarchy in the streets. Hark—I hear the violins now!”

Our local rag had a pre mature eruption re these sad stories in late summer and early fall. They backed off.


30 posted on 12/18/2007 1:55:58 PM PST by Grampa Dave ("Ron Paul and his flaming antiwar spam monkeys can Kiss my Ass!!"- Jim Robinson, Sept, 30, 2007)
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To: Grampa Dave
They backed off.

They're just on Siesta. ;-)

31 posted on 12/18/2007 1:59:50 PM PST by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
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To: SierraWasp
"Arnold is poing the pure Greens. He will veto a Green bill that would cause large unemployment or economic losses to many to satisfy a few radical greens."

Try this for clarification:

"Arnold is poing the pure Greens. He will veto a Green bill that would cause large unemployment or economic losses to many voters to satisfy a few radical greens."

32 posted on 12/18/2007 2:01:11 PM PST by Grampa Dave ("Ron Paul and his flaming antiwar spam monkeys can Kiss my Ass!!"- Jim Robinson, Sept, 30, 2007)
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To: calcowgirl

Apparently several of us sent the same message to the editor/publisher to back off the so called bad news for the oppressed so called minorities, or they will be buying your fishwrap and ads.


33 posted on 12/18/2007 2:06:41 PM PST by Grampa Dave ("Ron Paul and his flaming antiwar spam monkeys can Kiss my Ass!!"- Jim Robinson, Sept, 30, 2007)
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To: george76

Alaska is flush, but this may not continue more than another year or two.


34 posted on 12/18/2007 2:08:59 PM PST by RightWhale (Dean Koonz is good, but my favorite authors are Dun and Bradstreet)
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To: calcowgirl
"They're just on Siesta."

Si!

35 posted on 12/18/2007 3:50:04 PM PST by SierraWasp (Too much religion mixed with politics just leads the participants into too much hate & discontent!!!)
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To: george76
""Our income has gone up every year, "

Because of overprice real estate and sales tax revenues from people using their home ATM.

36 posted on 12/18/2007 3:52:29 PM PST by Fitzcarraldo
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To: SierraWasp
New tagline notice!!!

ditto

37 posted on 12/18/2007 4:28:09 PM PST by ElkGroveDan (I'm sick and tired of being sick and tired of leftists.)
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To: george76

Thanks for the ping. Very interesting.


38 posted on 12/18/2007 5:18:43 PM PST by PGalt
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To: RightWhale

Same in Colorado with our socialist Governor and worse...


39 posted on 12/19/2007 7:48:24 AM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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