Even liberals should reject Gov. Brown (Moonbeam's accounting gimmicks)

Daily Democrat ^ | 7/28/13 | LANHEE CHEN

[Libloather]

**SNIP**

To get to what Brown calls "balance," California's 2013-2014 budget relies on almost $6 billion in revenues from voter-approved tax increases, which are intended to fund the state's education system. But those revenues are temporary and may not be extended. The budget also ignores unfunded pension and retiree health-care liabilities. These liabilities are substantial: The California Department of Finance estimated there are more than $100 billion in unfunded state employee pension and retiree health-care obligations, while other analysts have produced estimates that are far higher.

And the California budget continues to be balanced with the help of garden-variety accounting gimmicks, which have become all too common in Sacramento and other state capitals. For example, the budget is balanced by "borrowing" money from a number of special funds that are earmarked for specific uses. For one, it takes about half a billion dollars dedicated to reducing the state's carbon emissions to cover budget increases for state Medicaid and welfare benefits. Rather than changing the way Sacramento does business, Brown has perpetuated California's profligate ways.

[Libloather]

In the ocean with it.

Cal State East Bay's building demo fuels quake study

HAYWARD, Calif. (KGO) -- A moment of sentiment and science; the implosion of a building at the Cal State East Bay's campus is more than making way for something new. Scientists hope it will help them answer the question of what will happen when the next big one strikes.

It took about 15 seconds to reduce Cal State East Bay's Warren Hall to a 12,000 ton heap of rubble. The demolition also served as a man-made earthquake.

[microgood]

Its a beautiful state. Too bad it is run by corrupt idiots.

But it will be fun to watch when all those state employee baby boomers start retiring.

[Navy Patriot]

Just Marxists building the largest possible collapse.

Gotta get rid of that evil capitalism so we can have that utopia of cannibalism.

[junta]

The libs don’t care, their cult followers are helpless and with no where to go, so no responsibility is needed from their “leaders.” Spend till it breaks then blame conservatives.

[jiggyboy]

It’s been known for years here that the CA budget needs to “balance” only on paper. You can do the same thing in your own family budget by simply writing down that you will get a 5% raise, or that you will win a thousand bucks in the lottery at some point. Then at the end of the year you just blame your boss or the lottery for your deficit.