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 ...
They should simply tax movie and TV production companies, theme parks and child molesters to make up the difference.
lol
A good thing!
When they get to 42% watch the tens of thousands of government employees do the big chicken!
“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.”
My money is on California to be first and I live in California. Come on bankruptcy! It is the only thing that will save the state and it is also the only thing that’s going to save the country. The can refuses to be kicked any further down the road!
“Why don’t they just raise taxes....oh wait that didn’t work.”
By using liberal logic, you would clearly see that taxes were not raised ENOUGH.
I hope ya took some friends with ya. The less traffic/people here, the better I like it!
Yup. They could erase their deficit and have a nice surplus if they wanted. But they like the taste of Kool-Aid.
Think how prosperous they will be when the government is the only employer.
Who remembers the perpetual money tree that was supposed to pay big bucks into education, called the California Lotto?
No I didn’t bring any friends with me. The only people I knew there were mexican and this state requires you be an American citizen or valid guest. Illegals not welcome.
Bingo...Some people just don't get it...
Bring it on, watch the tens of thousands of unionized government employees scream.
I suggest they leave the state before their fired.
Leftists are calling it a “Crisis of Capitalism”
lol.
Not enough of it, IMO
I'd love to see the (positive) economic impact that stopping the "zillions of dollars to illegals" would have, nationally.
My area of Browniefornia is conservative. Unfortunately we are heavily outnumbered by voters who are sofa king stupid.
Some of my best friends are American's of Mexican decent. Some are far to the right of most here.
BTW, Tennessee is crawling with illegals, and it's got really crappy weather!
Enjoy!@
I’ve been watching very carefully to see how long California will hold out before they start to drill. I’m giving them 2-3 more years.
“Bingo...Some people just don’t get it...”
If our unemployment has to continue to go up, then let it be going up by virtue of the fact that the State is laying off thousands of worthless, needless State workers. Come to think of it, the FedGov needs to do the same thing.
Lets hope the state government dies within the next year!
Works for me~
Not to worry, Ben Bernanke and his band of merry men have declared everything is coming up roses.
Fyi The movie industry is quietly moving to New Orleans and LA .
Low costs and tax breaks
Again, it's a good thing!
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