Brown seeks 5-year extension of California taxes (Moonbeam Rising III)

Yahoo ^ | 1/10/11 | Juliet Williams - Associated Press

[NormsRevenge]

SACRAMENTO, Calif. – Gov. Jerry Brown is proposing to slash funding for most areas of state government and maintain a series of tax increases for five years to close California's huge budget deficit.

...

He is calling for $12.5 billion in spending cuts, including reductions in welfare, social services, health care for the poor and higher education.

[NormsRevenge]

sounds like an aRnie Redux to me.. I'm not sure if this qualifies as a prequel or a sequel to his earlier terms.. he says he is wiser now...

We'll see how the radicals respond to more cuts cuts cuts and hikes hikes hikes.. The Feds are not going to send any money anytime so, they don't have anymore to send anyway.. yet..

[Harley]

That’s nice Jerry, but what are you going to do about the $500 billion shortfall of pension benefits the state is on the hook for? Bank of Uncle Sam?

[NormsRevenge]

Surf's Up!

.

(Left)A surfer walks past a pay parking sign at a beach in Cardiff, California January 6, 2011. A day of reckoning is coming for California's perpetually wobbly finances in the form of another lean budget plan next week, says Governor Jerry Brown -- and analysts expect moments of political hysteria along the way will create opportunities to buy the state's debt. REUTERS/Mike Blake

(Right)A pay parking meter is shown at a beach in Del Mar, California January 6, 2011 where parking is no longer free as local communities and the state look for ways to solve their budget shortfall.

[The Citizen Soldier]

We'll see how the radicals respond to more cuts cuts cuts and hikes hikes hikes..

My immediate response to this news (heard earlier on local N. Cal radio early this morning) is that Moonbeam brings these two elements at the same time (five year tax extension and budget cuts). As it works its way through the state legislature watch as the budget cuts are amended and not as deep, while the taxes are absolutely extended five years.

[forgotten man]

Schwarzenegger never even put a hiring freeze into affect. I think Brown will actually be forced to do some cutting. The California electorate is stupid, but they are not dumb enough to vote for a tax increase.

[NormsRevenge]

It's called cheese Governor and Yes it's free.

California's new governor Jerry Brown takes a cheese sample from Jill Giacomini Bash (C) and Lynn Stray (R) from the Point Reyes Farmstead Cheese Company during a reception held for Brown at the California Railroad Museum in Sacramento January 3, 2011. Brown was sworn in as California's governor on Monday, returning to a job he held nearly three decades ago, and pledged a "tough budget" to turn around one of the most financially strapped U.S. states. REUTERS/Rich Pedroncelli/PoolS)

[NormsRevenge]

Pre-aRnie Post-Arnie

Gray Davis Anne the Guborness and Moonbeam.. Deja vu.. or what!

[Skared2deth]

Related?: http://www.youtube.com/watch?v=qgG0rdWJAJY

[socalgop]

The way the UC system is run is absolutely criminal. The way they cut things is politically stupid - allowing the UCs to structure them as tuition hikes and services cutback rather than cutting regents’ salaries (or the regents all-together), and the layers of middle management that riddle the system.

Part of this is that the state would rather give the UCs money without oversight, but I think part of it is that the regents and management are the best politically connected part of the UC system and thus able to resist cuts to their own pocketbooks.

[RobbyS]

Might offer cash upfront rather than the pension. Many of wealthier pensioners, such as teachers with husbands, would taken them up on it. Would work to state’s advantage over a five year period.

[bunkerhill7]

Brown seeks 5-year extension of California Exodus

[DoughtyOne]

Every dollar in extended tax increases or new taxes, is a dollar less in the day of reckoning that California is so overdue for.

Not no, but HELL NO!

If we are short of funds, quit paying for the education and health care of illegal immigrants and their children.

When that is addressed, come back and talk to me.

[Seruzawa]

Jeez. I’ve seen things in graveyards that look more alive than those 3. What is that? “Night of the Living Dead”?

[Red Badger]

What can Brown do for you?.......................

[yefragetuwrabrumuy]

I have a hunch that since the CA government does not have the stones to slash pensions, they will seriously consider, as an alternative, literally killing off pensioners.

That is, they will look for just a few things in health care that are vital to the survival of pensioners, and cut them off. Outlaw their import or use in the State of CA. This would have the added bonus of saving their health care system a ton of money.

1) Five percent of the population accounts for almost half (49 percent) of total health care expenses.

2) The 15 most expensive health conditions account for 44 percent of total health care expenses.

3) Patients with multiple chronic conditions cost up to seven times as much as patients with only one chronic condition.

Probably what they would look for is somehow preventing or slowing down treatment for cancers; hypertension, heart disease and strokes; diabetes; and respiratory diseases. The longer treatment can just be delayed, the higher the mortality rate.

At least this seems to be how the British NHS is doing it.

[The Citizen Soldier]

The way the UC system is run is absolutely criminal.

Yes, and I don't think we even want to get into discussions about the tax-paid curriculum being fostered on young skulls of mush; important career enhancing programs like UC Davis' Program in African American & African Studies.

[pogo101]

I hope that even deep-blue California voters reject the June 2011 tax proposition. I just cannot believe that sane people look at CA today and conclude, “Not taxed enough.”

[ArmstedFragg]

Interesting moments in the news conference. Some of the reporters threw softball questions about personal security to try to get him to say something about Arizona. He blew them off.

[ArmstedFragg]

Well, it’s sort of an interesting approach, because the legislature will have to deal with the fact that the voters won’t agree to support the extension unless the cuts are made. They can make the cuts, WE get to decide whether we’ll extend the revenue stream.

[Deo volente]

The California electorate is stupid, but they are not dumb enough to vote for a tax increase.

Well, they were dumb enough to vote for a high-speed train that will cost at least $40 billion, and possibly far more, to complete. Don't underestimate the stupidity here.