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CA: Voters could push deficit past $15 billion
SFGate.com ^ | 4/6/09 | Matthew Yi

Posted on 04/06/2009 9:48:32 AM PDT by NormsRevenge

Sacramento -- California's recently christened budget is expected to be billions of dollars in the red before the new fiscal year begins in July, although it's a manageable gap, many state officials say.

But if voters reject a package of ballot measures in the May 19 special election, then the projected shortfall could push the state's deficit to more than $15 billion, creating a new fiscal crisis.

That, state lawmakers fear, would prompt the same kind of partisan posturing - over tax increases and program cuts - that led to last summer's record-setting impasse.

"If the voters reject (the measures), what the voters are really saying is 'We want you to go back to partisan warfare. We want you to go back to arguing and not getting something done,' " said Assembly Republican Leader Mike Villines of Clovis (Fresno County). "The message to the Legislature would be to go back to your corners."

Julie Soderlund, Gov. Arnold Schwarzenegger's spokeswoman, said passage of the measures - which include spending limits, borrowing against future lottery revenues and shifting funds from mental health and children's programs - is crucial for the state's short- and long-term financial viability.

(Excerpt) Read more at sfgate.com ...


TOPICS: Business/Economy; Culture/Society; Politics/Elections; US: California
KEYWORDS: calbudget; california; calinitiatives; deficit; prop1a; prop1abcdef; voters
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1 posted on 04/06/2009 9:48:33 AM PDT by NormsRevenge
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To: NormsRevenge
We want you to go back to partisan warfare. We want you to go back to arguing and not getting something done

Uh Mike...that's actually a good thing.

2 posted on 04/06/2009 9:50:46 AM PDT by Extremely Extreme Extremist ("President Obama, your agenda is not new, it's not change, and it's not hope" - Rush Limbaugh 02/28)
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No Fault Gubamint aka Liberal

goes hand in hand with

No Fault Voting aka Independent

You elect folks to represent you and then they abdicate their responsibility and make you take the fall for their incompetence and indifference to doing the right thing and not spend and tax us all like a herd of drunken fools.

Hiram must be laughing his butt off and Pogo.


3 posted on 04/06/2009 9:52:14 AM PDT by NormsRevenge (Semper Fi ... Godspeed.)
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To: NormsRevenge

California is working hard to model itself after Zimbabwe.


4 posted on 04/06/2009 9:52:35 AM PDT by Old Retired Army Guy (tHE)
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To: NormsRevenge
Julie Soderlund, Gov. Arnold Schwarzenegger's spokeswoman, said passage of the measures - which include spending limits, borrowing against future lottery revenues and shifting funds from mental health and children's programs - is crucial for the state's short- and long-term financial viability.

What a twit... or is it the SacBee that is being less than forthcoming?

No mention that passage of the measures results in $18 BILLION OF MORE TAXES!

5 posted on 04/06/2009 9:53:08 AM PDT by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
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To: NormsRevenge
...borrowing against future lottery revenues...

Wow, and I thought I had seen it all. LOL. This is truly the height of "financial responsibility". A government loan backed by future lottery revenues.

6 posted on 04/06/2009 9:56:24 AM PDT by M203M4 (A rainbow-excreting government-cheese-pie-eating unicorn in every pot.)
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To: Old Retired Army Guy

‘We want you to go back to partisan warfare. We want you to go back to arguing and not getting something done”

ARE YOU F-CKING KIDDING ME?!

No, we want you to go back and be fiscaly responsible, cut the f*cking spending. And NOT RAISE OUR TAXES ANYMORE!

YOU A*SHOLE!

You people have put the entire state spiraling towards bankruptcy with your ludicrous spending and asinine public welfare programs. FU!!!

GRRRR


7 posted on 04/06/2009 9:56:40 AM PDT by cups
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To: cups

IT’S NOT OK TO KEEP TAKING MONEY AWAY FROM US BECAUSE YOU SLAP D*CKS WOULD RATHER THROW IT DOWN IDEALOGICAL ABYSS!

They took a state that was what, the 9th largest economy in the world and effectively nutered and bankrupted it. And now it’s OUR FAULT!

GRRRRRR


8 posted on 04/06/2009 9:59:15 AM PDT by cups
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To: NormsRevenge

If they do, let THEM pay for it.


9 posted on 04/06/2009 9:59:47 AM PDT by patriot preacher (To be a good American Citizen and a Christian IS NOT a contradiction. (www.mygration.blogspot.com))
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To: cups
I gotta watch this one.
There are two kinds of lies, direct lies that anyone can see through (even the clueless) and lies of omission, which seem to work every time!

I expect much will be left out in the debates prior to the election...

10 posted on 04/06/2009 10:02:46 AM PDT by Publius6961 (Change is not a plan; Hope is not a strategy.)
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To: cups

My My! Taxes is a definite problem in CA, but if you want to start throwing blame around, look at what the Environmental Whackos have done. A huge part of California’s woes can be traced right back to regulations, laws and rules imposed by the environmental lobby and despite the State’s problems, they keep pushing for more of the same (With Success).


11 posted on 04/06/2009 10:03:31 AM PDT by Old Retired Army Guy (tHE)
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To: cups

Vote no on all 6 items,I do not see a sunset clause on any of the 6.


12 posted on 04/06/2009 10:05:25 AM PDT by jocko12
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To: NormsRevenge

My plan - no - across the board.

We are in a recession, spend less.

Also, what in hell happened to all the extra money from the building boom?


13 posted on 04/06/2009 10:08:39 AM PDT by unique
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To: NormsRevenge

California voters are part of the problem. The programs affected by Props 1B-E are special interest taxes for special interest programs (mental health, children’s health, education, etc). Every election there are new initiatives placed on the ballot to tax and spend. The irony is that this easier than getting the programs through the Legislature—it takes 2/3 vote of the Legislature to increase taxes or approve a budget, but when the voters do it, it only takes 50%+1. The same 2/3 requirement should apply to the voters as well.


14 posted on 04/06/2009 10:10:09 AM PDT by zaphod3000
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To: NormsRevenge

Uh - It’s not the VOTERS who create deficits, nimrod.


15 posted on 04/06/2009 10:10:20 AM PDT by red-dawg (The Obama Administration : A Man-Caused Disaster.)
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To: NormsRevenge

I’ll believe California is on the right track when I see the headlines “Arnold to Start Actually Being a Republican, Boxer, Feinstein and Pelosi Removed from Office”...

With all the smart fiscal conservatives actually leaving Cali who do they expect to pay all these new taxes the homeless...the illegals...the drug addicts getting free needles..???

What a shame for such a beautiful state.

Oh and last time I had the pleasure to read the Sac Bee they had to clean up my vomit in the hotel lobby.


16 posted on 04/06/2009 10:12:09 AM PDT by texrepub76
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To: NormsRevenge
Here's the deal on the tax vote. If we reject it, they still impose it, it will be for 2 years. If we vote for it, they will impose it for 5 years. Have you ever seen and initiative where the outcome was exactly the same no matter how you voted on it? We know they won't stop in 2 years, nor 5 years if it passes.

The only viable vote, and I don't know why the republicans are not floating another initiative that would override this one totally. We have no opposition party in CA or in the fed gov for that matter.

17 posted on 04/06/2009 10:12:25 AM PDT by calex59
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To: jocko12

FYI: There are some sunset provisions:

Prop 1A—The sales tax increase would end in FY 2012; the vehicle license fee increase would end in FY 2013; and the income tax surcharge would end in FY 2012.

Prop 1B—Makes permanent changes in education funding.

Prop 1C—Makes permanent changes in lottery operations.

Prop 1D—Expires in FY 2014.

Prop 1E—Expires in FY 2011.

Source: California Secretary of State
http://www.voterguide.sos.ca.gov/


18 posted on 04/06/2009 10:28:59 AM PDT by zaphod3000
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To: calex59

I grew up in the San Fernando Valley when it was cow pastures and Orange Goroves (Guess that dates me). After I retired from the Army, I returned there briefly to discover that it wasn’t the state I grew up in and I had no desire to settle there. I had the good sense to settle in solid “Red States”. Smart Californians are leaving by the droves. You should try and see if that’s a possibility for you. Believe it or not, I just read based on some survey that the least desirable place to live in the U.S. is “Modesto CA” because of high crime and unemployment. San Francisco, Los Angeles and the Inland Empire are probably not far behind. For those Californians who compute long distances and in congested traffic, just wait until this Administration imposes “Cap and Trade Laws”. If you think it is bad now, stick around. It will get much worse.


19 posted on 04/06/2009 10:30:15 AM PDT by Old Retired Army Guy (tHE)
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To: calcowgirl
Maybe it's FauxOpinion ;-)
20 posted on 04/06/2009 10:31:37 AM PDT by CounterCounterCulture (RINOs: the OTHER white meat)
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