Posted on 03/13/2012 7:41:31 PM PDT by Nachum
State Controller John Chaing continues to uphold the California Great Seal Motto of “Eureka”, i.e., 'I have found it'. But what Chaing is finding as Controller is that California’s economy as measured by tax revenues is still tanking. Compared to last year, State tax collections for February shriveled by $1.2 billion or 22%. The deterioration is more than double the shocking $535 million reported decline for last month. The cumulative fiscal year decline is $6.1 billion or down 11% versus this period in 2011. (snip) California politicians seem delusional in their continued delusion that high taxes have not savaged
(Excerpt) Read more at breitbart.com ...
Atlas has shrugged.
Let the lefty Hollyweird-o's make up the difference.
Those illegals must have their "entitlements", you know.
My cousin and her husband inherited some money, retired early, and got the hell out of CA. Nothing but bad in CA’s future,
The economy is showing signs of recovery. Right? Geez I know I heard a Marxist say that recently...
We really need a real lesson on socialism and if California’s contribution to the debate is to fall off the financial cliff, that is ok with me.
Everybody should email their two cents to Jerry Brown.
In the near future, North Dakota will be producing about 1 million barrels of oil a day, worth in excess of 36 billion dollars at today's prices. You too could get that kind of business and tax base and sales taxes if you would wise up and abandon your green puke energy dogma. But of course, you won't. So ESAD..
Perfect. The implosion of California is accelerating. This is going to be fun to watch. My money was n my home state of Illinois to crash first. Looks like I was wrong.
From a source on the internet;
“”As it suffers through a ravaging financial crisis, the nation’s most populous county spends well over half a billion dollars annually just to provide illegal immigrants with welfare food stamps.For two consecutive years Los Angeles County has doled out more than $550 million just to cover the welfare and food-stamp costs for illegal aliens, many of whom collect the U.S. taxpayer benefits on behalf of their anchor babies.””
Just a crazy idea but maybe if they stopped giving away zillions of dollars to illegals.........
Why don’t they just raise taxes....oh wait that didn’t work.
By a combination redistricting, special interest money, and packed courts with partisan judges, California Democrats turned their state into a politically correct multicultural entitlement state that mandates heavy spending, brutalizes small business, and coddles criminals and their defense lawyers. In the process, they drove middle class taxpayers from the private sector out of the state, while luring people who tend to receive government benefits. The political result was a complete victory for liberal governance. But in achieving this, they missed one thinig- Republican voters provide a larger share of tax revenues that Democrat voters do. The end result is a structural budget deficit with no solution in sight.
What’s the problem? Just raise taxes by 22%. So simple.
In 50 years, CA will resemble a Mexican version of Detroit. Heck, it may not even take that long.
So are the morons who vote them into office.
I was one of those that escaped California and my son was another one.
My county got a $20,000 bill for fees for a permit for landfill operation from the (CA) regional water quality control board. This was a huge jump, so it was questioned. They said that their budgets had been cut by the state legislature, so they were passing on the costs in higher fees.
Counties always have to justify any increase in fees by proving that they are not in excess of the actual cost of the services performed. Apparently, the state agencies don’t have those limitations and can pass along any budgetary shortfalls in their fees. No wonder businesses are going broke.
The Laffer Curve in action!
Where is the guy who posts the animated GIF of Costanza eating popcorn?
Just a crazy idea but maybe if they stopped giving away zillions of dollars to illegals.........
Movement of Jah people.
Correction: Still good weather in California. But we have now started to tax the sun
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