no RATS? now THERE is a fantasy i can indulge in... no RATS = less crime, more jobs, lower taxes, less illegals, mmmm Paradise
Posted on 05/27/2013 7:46:50 AM PDT by SeekAndFind
California now has so much projected revenue that Sacramento legislators don't what to do with it, The New York Times' Adam Nagourney reports.
The final budget surplus figure for 2014 will fall somewhere between $1.2 and $4.4 billion, depending on who's counting.
"An unexpected surplus is fueling an argument over how the state should respond to its turn of good fortune," writes Nagourney.
Just three years ago, of course, the state was running a $60 billion deficit.
The surplus is almost certainly the result of wealthy Californians trying to bank capital gains before the Bush tax cuts expired, Nagourney says.
(Excerpt) Read more at businessinsider.com ...
Fear not. CA democrats will spend it as fast as it comes in.
Depending on who’s counting. Yep perks to ensue.
“CA democrats will spend it as fast as it comes in.”
Faster. They will spend all of it and more before the first dime is actually collected.
“Fear not. CA democrats will spend it as fast as it comes in.”
For California that would be as close to fiscal responsibility as they have come in the last 20 years.
They’ll wind up pre-spending this projected windfall and fall further into the debt hole when it doesn’t materialize or fall short of the expectations.
no RATS? now THERE is a fantasy i can indulge in... no RATS = less crime, more jobs, lower taxes, less illegals, mmmm Paradise
BWAH-HAHAHA!!! “Projected”!!
The last time CA had a Democratic governor, he was 5 months into the fiscal year before he ealized the state was running a 25+% deficit, and he saw “no way” to cut spending, so he was going to raise taxes to close the gap. That would have been a 33+% tax increase during a recession. He suffered Total Recall as a result. And now this loon “projects” a $1-$4B surplus? HE IS LYING. I “project” a deficit by the end of the FY.
Well geez, CA needs to raise taxes some more, then they will be perpetually rich.
Plus or minus 10000%.
Plus or minus 10000%.
I was walking down a street in Sacramento when I saw a guy who looked a lot like Jerry Brown sitting behind a folding table. There was a sign taped to the front of the table that read “MAGIC MONEY CHANGING MACHINE!”. I stopped to see what it was all about. There was a metal box with a small hand-crank on the side sitting on the table. The guy said, “Watch this my friend!”. He stuck a $1 bill into the side of the machine and started cranking. The bill went into the machine and, believe it or not, a $5 bill came out the other side! He did that three or four times. He told me that his name was “Honest Jerry” and that he had built this machine that could turn $1 bills into $5 bills. Well, I know a good deal when I see one, so I asked him how much he wanted for that machine. He told me, “I’m a friend of the people so all I want is what it cost me to make this wonderful machine. It’s yours for only $500.” I did some quick math in my head, and realized that it wouldn’t take me long to recover $500 using this machine. I bought it. Honest Jerry shook my hand and thanked me. He said he had to be going as the fat cat bankers were after him because his machine would put them out of business. I went home and put my first dollar bill into the side of the machine. I cranked it and out came a five dollar bill! I put in another dollar bill and cranked. Nothing came out. I tried again. Nothing. I guess the fat cat bankers must have put a hex on it. I saw Honest Jerry a few years later. He was selling the same kind of machine, but this one would turn dollar bills into twenty dollar bills! He sold me the San Fracisco franchise rights for $10,000. I’m pretty sure I’ll be rich in a couple months.
Projected income. That’s like a farmer who raises chickens counts the eggs his chickens lay as new livestock without the eggs even being candled then goes to his bank for a loan or trys to insure them. Then gets rejected by both the bank and the insurance company.
It’s like that farmer counting the eggs those future chickens will lay and the eggs those eggs will lay in the future
It’s still “somebody elses money”. It’s stolen.
Ha. Enjoy your number fudging....
I can't believe how far we have sunk in this pitiful State.
“Them are ‘smart pills’ my friend. They make you a veritable Einstein! Twenty to a box, only five measly samolians each.”
(Bystander takes one, spits it out) “That was a rabbit pellet!”
Peddler: “That’s $5.00 a pill, by the way. See, you’re getting smarter already!”
Easy peasey, Japanesy. Golden state projection: Now you see it, now you don’t ........
Here’s a suggestion.
Pay off the bonds we’re servicing.
Build more prisons.
Quit implementing more highway tolls.
Lower the cost of licensure in the state, so people can work without having to pay essentially a fine to do it.
Such is the intellectual capacity of our “leadership”.
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