Posted on 04/05/2020 7:58:57 AM PDT by Kaslin
this is not a bad thing.....however in my state without a state income tax the rat governor and his fellow rats have wanted a state income tax for decades....
I wish Governor Newsom would do something so all these Californians would quit coming to TX.
Maybe that’s the plan, and y’all don’t understand...
CA has balanced their budget before using "accounting tricks" and shady transfers between accounts - they didn't cut spending, didn't increase taxes, didn't print any money. It can be done, because they've done it already.
“Actually, it is perfectly LEGAL for American states, and any banks, and even private individuals to print their OWN money.”
You’re wrong about the States. Go read the Constitution.
L
yes and no.
in the last Great Depression, Californicators figured out how to make money when they needed it:
so we are sure they’ll figure it out again with this new mandated Depression. After all, the clams are still there..
Mark of the Beast?
The size and scope of California’s governmental expenditures is not sustainable.
The price of coddling to illegals unions liberals gays bites you in the a$$ now you whine about California leadership stupidity.
No doubt about your in aunt Nancy’s blood line.
States printed their own money during the depression.
What about mining money on your computer?
California will be fine as long as people accept their checks and credit cards.
If my state could print money you would need a pickup full of cash to buy a loaf of bread.
Box office total, week ending 4/2
https://www.freerepublic.com/focus/f-news/3831552/posts
Dates Top 10 Gross %± LW Overall Gross %± LW Releases #1 Release Week Mar 27-Apr 2 - - $5,058 -2.3% 2 - 13 Mar 20-26 - - $5,179 -100% 2 - 12 Mar 13-19 $54,519,705 -54.5% $ 58,925,422 -56.2% 73 Onward 11 Mar 6-12 $119,859,142 +9.7% $134,537,731 +4.5% 98 Onward 10 Feb 28-Mar 5 $109,239,910 -2.4% $128,711,600 -5.4% 100 The Invisible Man 9 Feb 21-27 $111,872,409 -41.2% $136,094,614 -36.9% 105 The Call of the Wild 8 Feb 14-20 $190,302,035 +78.3% $215,640,263 +69% 99 Sonic the Hedgehog 7 Feb 7-13 $106,722,654 +20.5% $127,579,254 +13.7% 82 Birds of Prey: And the Fantabulous Emancipation of One Harley Quinn
SAme Governor who is releasing prisoners from jail-—
Who have no place to go—no income —and most have no skills.
That should be fun!!!
“No state and no city can print money”
Actually, the largest currency printers in the world, the Bureau of Engraving and Printing prepares all of the paper money for the U.S. at facilities in Washington, D.C., and in Fort Worth, Texas which has been in operation since late 1990. It is monitored by the Bureau of Engraving and Printing but the work is done in Texas.
Coin, Stamps, commemorative coins, and other things, are done in places like Philadelphia, Fort Knox, West Point, Denver, San Francisco and a few others. But they are all federally controlled.
They do have some work done in D.C., but the bulk is done outside the territory. The D.C.buildings are located between 14th and 15th Streets SW. That location was originally constructed in 1914.
rwood
“I predict that states will, to the extent possible, issue bonds to get the cash to balalnce their budgets.
How these bond issues are received in the financial markets is another story. But it will be politically difficult to impose big tax increases. So the path of least resistance will.be to sell bonds, and kick the can down the road.”
The Fed has already announced that it will buy state government bonds. This is essentially monetizing any new California debt.
“States printed their own money during the depression.”
I’ve never heard that but, in any case, I doubt that state money was legal tender.
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