CALIFORNIA: State revenues fell $3.6 billion short in April

SacBee: Capitol Alert ^ | 5/7/10 | Dan Walters

[GeronL]

Something like 30,000 employers left California in the past decade.

[Joe Boucher]

Take it easy GeronL,
I got ya excited and ya started stuttering.

:-)

[umgud]

Did you get a check or an IOU?

I got a check.

[Lancey Howard]

CALIFORNIA: State revenues fell $3.6 billion short in April

LOL, what's the big deal? Just raise taxes.

[SmithL]

The State can’t print money either.

Even though there is no mechanism for the State to go bankrupt, when it runs out of money it will not be able to pay its bills. There is already speculation that some bond payments will be missed in the not-to-distant future. I have no idea what would happen then. Possibly, the Federal government would step in, and treat us all like Greeks.

[Lancey Howard]

[GeronL]

La La Land

Where the spending don’t stop until the cities burn to the ground.

[SeattleBruce]

“I could say “I told you so” but they still think they should raise taxes even more. “

What’s the definition of insanity? Liberalism is a mental disorder is really quite apt, imho. ;)

[SeattleBruce]

“getting rid of teachers (union workers)”

Institute school vouchers, so we can spend our education dollars anywhere we choose. That way, there’s be many more private schools and teachers would teach there based on merit. All would truly earn their keep and maintain their efficiency in the process, or the market wouldn’t allow it (weak, ineffective and lazy teachers would be fired.)

Imagine how this would increase the quality of this nation’s education.

[JHENN22499]

No $4it/ Unemployment sucks here as does housing with their approval of home loans on families earning $14k. Good grief, it’s time to take a stand...go ahead and boycott us!!!

[Brad from Tennessee]

Privatize prisons and schools and bust up public employee unions.

[SierraWasp]

I finally liquidated my final holdings on the market today... I'm joining the underground CA economy! They are growing at the rate second only to governments in this state!! Chile is looking more and more favorable all the time!!!

Has anybody seen my spanish lessons CD???

[kamikaze2000]

"Bet if you CA folks were drilling and fishing, sending illegals back to Mexico, getting rid of teachers (union workers) and half of the worthless government workers, you’d have enough money to LOWER TAXES."

That would make California back into an economic powerhouse like it used to be. But it would hurt too many people's feelings, so no-go...

[SierraWasp]

"Municipalities may declare bankruptcy (and some have), but states may not."

So that means we're gonna become like Greece within the EU as CA is within the US, right?

I'm joining the underground economy here in CA as it's growth is only surpassed by CA governments!!!

[SierraWasp]

"...the tax and spend approach of the California Democrats should be called the “Grecian Formula”."

Oh! That's prime!! It has a real bite of truth in it!!!

[BOBTHENAILER]

I’m thinking of leaving California and moving to the United States of America.

Just sneak across the border into the US.I hear it's easy, but then AZ may be getting a little harder.

[Randy Larsen]

Excellent Graphic!

[OldDeckHand]

'So that means we're gonna become like Greece within the EU as CA is within the US, right?"

Large sections of the city of Los Angeles almost burned to the ground, just because 5 cops were acquitted. What do you think is going to happen when the the gravity train runs out?

It is but a foregone conclusion that California will default. Because of reasons to numerous to get into, there isn't the political will, or even framework to fix what needs to be fixed. Once it defaults, it will no longer be able to issue bonds - at least none that anyone will buy. Without the ability to issue bonds for working capital, California is in the EXACT same circumstances as Greece. IOW, it's a mess.

[Randy Larsen]

I hope I’m not cutting my own throat but I can’t wait for the end to come!

I’ve seen the damage and need to hope for a re-birth here!

[bruinbirdman]

"Time for California to declare bankruptcy and get rid of all entitlements and unions of all kinds."

There's still plenty of private property for the California commies to confiscate.

yitbos