[BipolarBob]

It’s time to expand those social services then.

[The Antiyuppie]

“If the state were a business, it would be a candidate for liquidation.”

If the state was a business, the officers of the company would certainly be indicted.

[cripplecreek]

While this report paints a bleak picture of the state's future, it is also unrealistically optimistic.

Its easy to be optimistic when you expect your rich uncle to bail you out.

[familyop]

California leads the way. ;-)

[SandRat]

If the state were a business, it would be a candidate for liquidation, and you couldn’t get anyone, not even a “Klingon” to buy it.

[Lurkina.n.Learnin]

And Jerry Brown just told us things were looking better.

[sergeantdave]

Well, Jerry Brown and the peckerheads in Silicon Valley could pledge their fortunes and lives to save California. Somehow, I don’t think that will happen. They’d rather hang from lampposts than help their fellow man, which is expected from left-wing worms.

Bye-bye.

[skeeter]

“Gov. Jerry Brown declared (Thursday 1/11) that California’s budget deficit has vanished thanks to new tax hikes and past spending cuts, marking the first time since the recession that state leaders haven’t faced a deep fiscal chasm in January.”

[Puppage]

Hope n Change yo

[lurk]

Time for an Emergency Manager to take over CA’s business, as just happened in Detroit.

[A CA Guy]

This is what will cause a 200% increase in property taxes and everything else.
They are going to move heaven and earth first before they would reduce the size of government and government union employees.
Look for prop 13 to die the next couple of years.

They will tell the voters it is tax unfairness, even though every person with a home was purchasing with a different income. Some bought at 25k with 4k a year salaries. How would those folks today pay 4.5k a year in property taxes?

All roads lead to putting more people on welfare.

[yefragetuwrabrumuy]

Well, we can state with certainty what the response will be:

1) “We must raise taxes on the wealthy and business.”

2) “We must spend money faster to stimulate the economy.”

[unixfox]

The faster Cali disentegrates the better.

[MasterGunner01]

The state of CA has a net worth of -$127.2 billion.
Solution:
1. Raise taxes on business and the rich [anyone with a job].
2. More regulations.
3. Confiscate bank accounts.
4. More freebies for illegal aliens and other freeloaders.
5. Raise the salaries of the politicians, public service unions, and the education unions.
6. Drive the productive people and businesses from the state.
Allahu Akbar!!! [The new Donkey battle cry.]

[hapnHal]

Jerry can now stick his bullet train where the sun don’t shine. And lets not forget the soon to be added sales tax on gasoline. Ideas are one thing, and what happens is another.

[cicero2k]

Perspective:

Per capita national debt at $17 trillion: $54,313

Per capita state resident debt in CA at $127 billion: $3,342

So the state burden is 6% additional of their already huge burden.

CA is worse off than the rest of us, but not by much.

[randita]

Doesn’t help that sports and Hollywood personas are considering moving out because of the onerous tax burden.

[gunsequalfreedom]

CA's financial situation deteriorated this year, largely because the state spent $1.7 Billion more than it collected in revenue.

Actually, the situation has not deteriorated. The budget gap was a whopping $25 million. That it has been closed to $1.7 billion deficit is good news.

Obviously balanced would be better and the unfunded liabilities are a problem. But the numbers are headed in the right direction even if not fast enough of far enough.

[R_Kangel]

[Uncle Chip]

Did they include Calpers in the calculation