Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

California heading towards collapse, auditor warns (could run out of money as soon as July 2009 )
Hotair ^ | 5/11/2009 | Ed Morrissey

Posted on 05/11/2009 5:17:29 PM PDT by SeekAndFind

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-84 next last
To: SeekAndFind

This is why 0bama wants to move expenses like health care onto the federal level. That will free up the public unions to wreak more havoc on the state level budgets.


41 posted on 05/11/2009 5:45:36 PM PDT by lodi90
[ Post Reply | Private Reply | To 1 | View Replies]

To: porter_knorr
Voting NO straight down the ballot next week.

Same here. Funny thing is, I saw some lefty political propaganda the other day and it advocated "no" votes on all of the propositions too. Once I go over being nervous I had to laugh. Nobody trusts the clowns running this State, neither right nor left.

42 posted on 05/11/2009 5:45:51 PM PDT by rogue yam
[ Post Reply | Private Reply | To 13 | View Replies]

To: SeekAndFind
Politicians (Federal and State) when faced with a budget cut eliminate muscle and bone not fat. That way they get the public to squeal and there are no cuts made - just taxes raised.

I believe it used to be called the Washington Monument syndrome. If the Park Service closes the Washington Monument every tourist complains to their congressperson. And so it will go in California and New Your. The taxpayer will dutifully bend over and grasp his ankles and let the politicians work their will on him or her.

43 posted on 05/11/2009 5:48:21 PM PDT by Citizen Tom Paine
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Declare independence and go begging to the IMF.


44 posted on 05/11/2009 5:54:13 PM PDT by Lee N. Field (Come, behold the works of the LORD, how he has brought desolations on the earth.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

This is what we get for electing a liberal Republican for governor. There is a crazy assumption that liberal Republicans will not waste their time on trivial social issues and will focus on fiscal restraint and thoughtful reforms.

Fooled again! Lacking a moral anchor, RINOS seek socialist paradise on earth just like Democrats. Look at big-spending liberals like Schwartzenegger, Bloomberg, Snowe and Collins.


45 posted on 05/11/2009 5:59:20 PM PDT by heye2monn
[ Post Reply | Private Reply | To 1 | View Replies]

To: wolf24

“We can all laugh all we want, but if anyone thinks that the Federal government isn’t going to step in and bail out California using the money of the citizens of the other 49 states, I think they’d be wrong.
California is too big to fail, afterall, and we are all going to be on the hook for their idiocy.

Par for the course in Obama’s America”

////////////

Well, I think so too, but there will be permanent strings attached. The Fed will own California, or at least hold a controlling interest. Maybe they can declare California a non-state property, like a huge National Park. After all, if we-the-people are going to bail out the Left Coast, there ought to be something in it for us. They could make Bezerkely an amusement park.


46 posted on 05/11/2009 6:00:04 PM PDT by perchprism
[ Post Reply | Private Reply | To 37 | View Replies]

To: reefdiver; SeekAndFind

California has been subsidizing other states for many years.

Using the 2005 data, for every $1 Californians send to the Feds, we got back only 80 cents. Contrast that with...

Mississippi 2.02
New Mexico 2.00
Louisiana 1.85
Alaska 1.83
West Virginia 1.75
North Dakota 1.65
Alabama 1.63
Virginia 1.51
Kentucky 1.51
South Dakota 1.48

rest of the list here... http://www.nemw.org/fundsrank.htm

Who’s subsidizing who?

Prop 13 was the only way to limit the politicians money grab and keep every old person in the state from losing their homes. Once California is no longer able to ‘gift’ 20 cents of every tax dollar to the other states, where do you think they’re going to look for more cash? If you don’t have the equivalent of Prop 13 in your state, pass it now before the money grabbers descend on you.


47 posted on 05/11/2009 6:03:50 PM PDT by anonsquared (Where's Harry Tuttle when you need him?)
[ Post Reply | Private Reply | To 8 | View Replies]

To: sergeantdave

Someone already has, the names anyway.

http://www.californiapensionreform.com/calpers/

4,818
retired California government workers
receive pensions
in excess of $100,000
from CalPERS.

They’re all listed here.

The information below was obtained under the Freedom of Information Act from the California Public Employees Retirement System (CalPERS).

This list may be be updated periodically with more pensioners as more data is obtained.
E-mail us with your comments or questions.

Search the $100,000 Pension Club database ...


48 posted on 05/11/2009 6:09:39 PM PDT by anonsquared (Where's Harry Tuttle when you need him?)
[ Post Reply | Private Reply | To 40 | View Replies]

To: SeekAndFind

Let ‘em eat bureaucrats!

Commiefornia has a huge surplus of those things.


49 posted on 05/11/2009 6:25:14 PM PDT by GladesGuru (In a society predicated upon freedom, it is essential to examine principles,)
[ Post Reply | Private Reply | To 1 | View Replies]

To: porter_knorr

I went to school at UCSB and appreciate the great climate. I used to love coming over from PHX every month to go to Disneyland and visit. But it has become the focus of a large majority of the problems in America, and I don’t see any redemption.


50 posted on 05/11/2009 6:38:34 PM PDT by LS ("Castles made of sand, fall in the sea . . . eventually." (Hendrix))
[ Post Reply | Private Reply | To 32 | View Replies]

To: al baby

I know. I went to school at UCSB. But I’m not seeing a lot of redemption. I’m sure Sodom and Gomorrah were fine places at one time, too.


51 posted on 05/11/2009 6:39:24 PM PDT by LS ("Castles made of sand, fall in the sea . . . eventually." (Hendrix))
[ Post Reply | Private Reply | To 21 | View Replies]

Comment #52 Removed by Moderator

To: SeekAndFind

When enough criminals are sic’ed on the public, they will begin to kill the criminals.

To advance this desirable state as soon as possible,

BRING BACK BOUNTIES! ! ! !

Close most prisons and pay a $25,000 bounty on criminals killed in violent crimes.


53 posted on 05/11/2009 7:00:54 PM PDT by GladesGuru (In a society predicated upon freedom, it is essential to examine principles,)
[ Post Reply | Private Reply | To 1 | View Replies]

To: perchprism
They could make Bezerkely an amusement park.

I wonder how much it'd cost to play the "Kill a Commie for Mommy" game? I mean, Commies are a dime a dozen in Bezerkely.

54 posted on 05/11/2009 7:07:48 PM PDT by gogogodzilla (Live free or die!)
[ Post Reply | Private Reply | To 46 | View Replies]

To: anonsquared

Why not just repeal the state income tax? Florida gets by through taxing the tourists, so why can’t California?


55 posted on 05/11/2009 7:09:21 PM PDT by gogogodzilla (Live free or die!)
[ Post Reply | Private Reply | To 47 | View Replies]

To: Extremely Extreme Extremist

You got that right.

Except the way the GOP shut him out, he’s probably not real happy.

Can you imagine a Governor Hunter?

Wow. FReepers would be moving here from Texas. :)


56 posted on 05/11/2009 7:10:36 PM PDT by Cringing Negativism Network (Got Tea?)
[ Post Reply | Private Reply | To 15 | View Replies]

To: AuntB

Let’s take it easy. My wife and her family are naturalized citizens from Latin America. They spent years and thousands of dollars to follow the law.

It reeks of racism when someone makes a big deal out of new, legal citizens originating in Latin America.

Stick to attacking illegals. And note they’re only a symptom—politicians who feed them and businessmen who hire them are the problem.


57 posted on 05/11/2009 7:11:29 PM PDT by warchild9 (Starve the Beast: don't buy it if you don't need it)
[ Post Reply | Private Reply | To 17 | View Replies]

To: SeekAndFind

Watch closely...something similar could be coming to your state before this depression is over.


58 posted on 05/11/2009 7:46:26 PM PDT by blam
[ Post Reply | Private Reply | To 1 | View Replies]

To: anonsquared

The reason the blue states on the coasts are subsidizing the red states in the interior is because there are so many more rich people paying tax at comparatively higher rates in the blue states. I’m told liberals used to think this was a good thing, but now they are griping about it constantly.


59 posted on 05/11/2009 8:23:59 PM PDT by ccmay (Too much Law; not enough Order.)
[ Post Reply | Private Reply | To 47 | View Replies]

To: reefdiver

Repeal prop 13? Are you nuts, were it not for prop 13, a lot more people would have been losing their house given the rapid rise in housing prices. And all it would have done is made the politicians think they’re rolling in a lot of dough and they would have been looking for new long term ways to spend the short term money.
As mad as I am at Arnold, I also blame those who voted down his initiatives to implement reform in the state, and also those who keep voting in the spending bonds.


60 posted on 05/11/2009 8:28:30 PM PDT by psjones (u)
[ Post Reply | Private Reply | To 8 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-84 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson