Posted on 01/09/2017 4:57:11 AM PST by Kaslin
CA also has a huge military industrial complex (32 military bases). Active duty men and women are somewhat shielded from the tax burden and rising health care expenses (not totally, but somewhat), but civilians who work within the military complex are not.
Military bases in CA:
https://militarybases.com/california/
I think CA is going to be bailed out this time. As the article said the fed sends the bill to businesses who must pay. Whats yet to be explored is what happens if a business cant pay. Will they be forced to get a loan? Will the state seize their assets and auction them off? What happens if they cant get the loan or the assets dont generate enough $? What ahppens when not enough businesses stick around to get fleeced? They migth dodge the bullet this time but the end seems not far away either.
No, do not give California to Mexico.
Instead split it into three states. Two of the states (Northern and Western counties) will be conservative red states and the other will be made up of the left wing insane coastal counties.
Then make Puerto Rico a state. The end result will be four new states. Two blue and two red.
I doubt they will be bailed out. There are too many people pissed off at CA right now.
What needs to be explored in court is what happens if CA defaulted on that loan and the Feds sent a bill - but CA also sends a bill. Is the business required to pay twice?
That means CA should be less likely to receive assistance, not more. Texas got *none*.
Interesting. Thanks for posting.
Notice that they did not mention this additional tax you owe until after the election.
That is quite a theory. Having been in the industry for over 40 years, and specifically involved in the drilling boom of the late 70’s and early 80’s, and the busts that followed, i propose to you a better reason: all of the exploration that was done when prices expanded from $3.50 per bbl to $39 per bbl and 25 cents per thousand c.f. of gas to $10 per mcf saw the national rig rate go from 350 rigs running to over 4000 rigs running. This produced a vast oversupply of product. At the time, we in the industry thumbed our noses at the Saudis and informed them we could supply our own oil and gas, thank you very much. They responded by opening flooding the market with cheap oil and drove the price down to less than S10 per bbl, which killed our exploration and regained their market share. That is actually what happened. Early on George H.W. Bush’s term, he came to West Texas and told us (and I quote) “sorry fellas, I wish I could help you.” I was there, and this is what I heard. We did such a good job that the Saudis had to punish us. The Saudis are not as Machivellian as you think - they are businessmen when it comes to oil. We were two gas corner gas stations competing for market share, and they dropped their prices to drive us out of the exploration business.
What’s the deadline for the repayment?
Will CA secede before it comes due?
What happens to the loan if they do secede?
We're adding 100K-150K in North Texas every year, and most of it is good. For example, when we moved up here 20 years ago, our local parish had 1000 families. Now, we have roughly 8000 families, and we're the largest parish in the Dallas Diocese, and the 6th largest in the country.
I've been a 6th grade catechist for 19 years (Old Testament), and our lesson this week is Ark of the Covenant, where I put on a replica of the garb worn by the Jewish High Priest.
Very few people know me by name, but those who've been through the sixth grade class know me as the High Priest...lol. We have 500+ a year in the middle school program.
1. Don’t know.
2. One can but home.
3. I’ve seen it suggested that it should be recovered by seizing CalPERS assets in the US.
I am at least hopeful we will not see any bailout for kalifornia. It is time the piper is paid and consequences take their toll.
Will this extend to the kalifornia state pension system? I certainly hope so. It is far too lush as are most other public pensions.
The public employees are enjoying much better benefits and retirements than the people who are being forced to pay for both are able to afford for themselves. IT IS TIME THIS ENDS. However brutally it ends is of no consequence at all to me. I simply don’t care about anything but that this gorilla is taken off the back of the taxpayer.
When a kalifornia city manager of a small town can retire in his late 50s with almost one-quarter of a million dollars a year with built in raises and cost of living it has gone too far. When he has enough money in retirement to vacation in Scotland and play the old course at St. Andrews it has gotten obscene.
Sick and tired of the obscenity on my back.
I was in Texas and Oklahom when it happened. It was bad but we made it.
It was really bad but we made it.
What doesn’t kill you makes you tougher.
Time for some others to get tough.
CalPERS needs to be seized but it is also underfunded I suspect.
Just too lush.
The pipe is going to have to be paid eventually. I think I can hear him tuning up.
>>What happens to the loan if they do secede?<<
Yankee troops invade and lay waste to the land. At least, that’s what the Yankee government did when the states of the Confederacy seceded.
Make PR a state!? LOLOLOLOLOLOL!
Don't forget to include an audit to ensure that no benefits are going to illegal aliens.
If California deported every illegal, the reduction in load on its welfare system would probably pay for the deficit (but where would the Elites get their housekeepers and gardeners?)
From what I understand, Texas is under Rat pressure as well, at least in the big cities, like so many cancerous Rat enclaves. So the fact of 10’s-100’s of thousands influx is not really a good thing, unless you could card check them at the border. My intuition is that Texas is on my “watch list”, not a “sure-thing” list. I hope I am wrong.
Currently, the breakdown in the House is 25-11 Republican, not likely to change in 2018, unless the Pubbies go out of their way to screw it up.
CREATE BIT COINS that can be traded for dope.
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