California fiscal year to start momentarily
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  California fiscal year to start momentarily
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Author Topic: California fiscal year to start momentarily  (Read 7505 times)
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jfern
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« on: July 01, 2009, 01:56:49 AM »

And there doesn't seem to be a budget. We can look forward to IOUs and our state bond rating being moved closer to that of junk bond status, as we run a $24 billion deficit, which is after some major spending cuts and regressive tax increases that occurred earlier.

We will continue to get back only 75 cents on the dollar that we send to DC, the other 25 cents being spent on ungrateful states with a lower cost of living, and lower unemployment. We will continue to be the only state out of the 22 major oil states to not have an oil extraction fee, unlike socialist states like Alaska. We will continue to tax purchases from our businesses at 10% and Amazon 0%. We seem to love to subsidize people in other states at our expense.
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jfern
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« Reply #1 on: July 01, 2009, 02:01:39 AM »

As of midnight, they adjourned until 10AM. Our state government is epic fail.
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muon2
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« Reply #2 on: July 01, 2009, 07:28:34 AM »

As of midnight, they adjourned until 10AM. Our state government is epic fail.


I feel your pain. In IL yesterday the Gov and the Dem leaders were reduced to finger-pointing and accusations of childish behavior. We have no budget either, and our deficit is about the same as CA on a per capita basis.
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Southern Senator North Carolina Yankee
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« Reply #3 on: July 01, 2009, 04:57:01 PM »

We are on a continuing resolution in North Carolina, so no budget here either.
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ilikeverin
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« Reply #4 on: July 02, 2009, 12:09:01 AM »

As of midnight, they adjourned until 10AM. Our state government is epic fail.


I feel your pain. In IL yesterday the Gov and the Dem leaders were reduced to finger-pointing and accusations of childish behavior. We have no budget either, and our deficit is about the same as CA on a per capita basis.

Our governor did what any rational governor would and instead of even attempting compromise he took near-dictatorial power over the budget and slashed away willy-nilly Tongue
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Southern Senator North Carolina Yankee
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« Reply #5 on: July 02, 2009, 12:11:56 AM »

As of midnight, they adjourned until 10AM. Our state government is epic fail.


I feel your pain. In IL yesterday the Gov and the Dem leaders were reduced to finger-pointing and accusations of childish behavior. We have no budget either, and our deficit is about the same as CA on a per capita basis.

Our governor did what any rational governor would and instead of even attempting compromise he took near-dictatorial power over the budget and slashed away willy-nilly Tongue
Probably the smartest thing he could have done. I no this will hurt my left wing friends but in this environment even things I support like education have to be cut. Its just the way things are, it sucks, but its the way it is.
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Holmes
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« Reply #6 on: July 02, 2009, 12:15:22 AM »

I guess if you prefer living for today and not caring about the country's future, cutting education funds and slashing teachers' jobs is cool...
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Associate Justice PiT
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« Reply #7 on: July 02, 2009, 12:56:01 AM »

As of midnight, they adjourned until 10AM. Our state government is epic fail.


I feel your pain. In IL yesterday the Gov and the Dem leaders were reduced to finger-pointing and accusations of childish behavior. We have no budget either, and our deficit is about the same as CA on a per capita basis.

Our governor did what any rational governor would and instead of even attempting compromise he took near-dictatorial power over the budget and slashed away willy-nilly Tongue

     I wish the same thing had happened here too. Sad
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Padfoot
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« Reply #8 on: July 02, 2009, 12:58:52 AM »

Ohio's also in a budget deadlock.  The Governor has reversed his position on slot machines and now wants to use them to help plug up about 1/3 of the budget shortfall.  Republicans are refusing to vote on it, however, claiming that the Strickland can legalize slots without their approval.
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jfern
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« Reply #9 on: July 02, 2009, 01:01:05 AM »

Missing the deadline enlarged the deficit. Democrats tried to get through some bills to avoid widening the deficit, but the Republicans would have none of that.

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/07/01/state/n191317D70.DTL
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Sam Spade
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« Reply #10 on: July 02, 2009, 01:22:17 AM »

Hey, at least your government can actually get together to have a meeting.  Look at Albany.  Tongue

I wish I could help California, but they're screwed.  Badly.  What has to be done is so bad no one's going to touch it.  I suspect the Feds eventually bail it out through the back-door, which means that we're going to have to wait for the Feds to start having trouble before anything really momentous happens.
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True Federalist (진정한 연방 주의자)
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« Reply #11 on: July 02, 2009, 01:35:15 AM »

We generally don't have these kinds of showdowns here for two reasons.  First of all, the General Assembly ends its regular session about a month before the fiscal year starts.  Secondly, the Assembly can hand off decisions about making spending cuts to the Budget and Control Board if it wants to spare itself political blame.  Even with all the brouhaha over the stimulus, we got a budget passed and the Assembly got out of Columbia on schedule.

Of course, we don't have any silly supermajority requirements concerning the budget either.
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Badger
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« Reply #12 on: July 02, 2009, 09:20:47 AM »

As of midnight, they adjourned until 10AM. Our state government is epic fail.


I feel your pain. In IL yesterday the Gov and the Dem leaders were reduced to finger-pointing and accusations of childish behavior. We have no budget either, and our deficit is about the same as CA on a per capita basis.

Our governor did what any rational governor would and instead of even attempting compromise he took near-dictatorial power over the budget and slashed away willy-nilly Tongue
Probably the smartest thing he could have done. I no this will hurt my left wing friends but in this environment even things I support like education have to be cut. Its just the way things are, it sucks, but its the way it is.
I know this will hurt my right wing friends, but in this environment even taxes and fees will have to be raised along with budget cuts. Every dollar of increased taxes hampers economic growth, but so does every dollar cut from funding education and the like, plus the latter carries additional longer term economic costs (less educated workforce=lower economic growth).

I could repeat my rant about how the current economic crisis shows the foolishness of most state constitutions prohibiting deficit spending, even with legislative supermajority votes, but I won't.
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Southern Senator North Carolina Yankee
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« Reply #13 on: July 02, 2009, 05:41:31 PM »

As of midnight, they adjourned until 10AM. Our state government is epic fail.


I feel your pain. In IL yesterday the Gov and the Dem leaders were reduced to finger-pointing and accusations of childish behavior. We have no budget either, and our deficit is about the same as CA on a per capita basis.

Our governor did what any rational governor would and instead of even attempting compromise he took near-dictatorial power over the budget and slashed away willy-nilly Tongue
Probably the smartest thing he could have done. I no this will hurt my left wing friends but in this environment even things I support like education have to be cut. Its just the way things are, it sucks, but its the way it is.
I know this will hurt my right wing friends, but in this environment even taxes and fees will have to be raised along with budget cuts. Every dollar of increased taxes hampers economic growth, but so does every dollar cut from funding education and the like, plus the latter carries additional longer term economic costs (less educated workforce=lower economic growth).

I could repeat my rant about how the current economic crisis shows the foolishness of most state constitutions prohibiting deficit spending, even with legislative supermajority votes, but I won't.

I have already said that before that taxes and fees will have to raise at the state level and that I hate some of the cuts being made to education but sometimes the economic reality does't lend itself to any particular political viewpoint, this is one of those times.
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jfern
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« Reply #14 on: July 02, 2009, 08:53:58 PM »

The deficit has apparently grown by another $2 billion to $26.3 billion because of the state government's failure to pass a budget on time. I guess they decided that their sky high disapprovals weren't high enough.

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/07/02/MNV118HCO8.DTL
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cinyc
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« Reply #15 on: July 04, 2009, 12:30:40 AM »

The deficit has apparently grown by another $2 billion to $26.3 billion because of the state government's failure to pass a budget on time. I guess they decided that their sky high disapprovals weren't high enough.

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/07/02/MNV118HCO8.DTL

Why should individual politicians care that voters disapprove of their particular chamber/state legislature/state government when their individual approval ratings are high and they keep on getting reelected?   
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jfern
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« Reply #16 on: July 05, 2009, 02:05:55 AM »

Gray Davis is interviewed on the fiscal crisis.

You know that he has to be thinking "WHY THE HELL WAS I RECALLED?"

As previously stated, Arnold is currently less popular than Gray Davis ever was.

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/07/03/MNT118I9A5.DTL
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Sam Spade
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« Reply #17 on: July 05, 2009, 03:14:48 PM »

I am absolutely certain the fiscal crisis wouldn't have happened had Gray Davis been in office.
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SamInTheSouth
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« Reply #18 on: July 05, 2009, 04:14:59 PM »

I am absolutely certain the fiscal crisis wouldn't have happened had Gray Davis been in office.

Why is that?
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Sam Spade
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« Reply #19 on: July 05, 2009, 04:39:25 PM »

I am absolutely certain the fiscal crisis wouldn't have happened had Gray Davis been in office.

Why is that?

Should have put the [/sarc] tag by this, I guess.
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Jacobtm
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« Reply #20 on: July 06, 2009, 12:36:25 AM »

I think NY passed the '06 budget aready, so we're not doing that bad.
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jfern
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« Reply #21 on: July 06, 2009, 12:38:28 AM »

I think NY passed the '06 budget aready, so we're not doing that bad.

This isn't the 2006 budget, but for various reasons California has a bigger deficit than New York, and it's harder for it to close. Or at least as long as the New York Senate isn't totally dysfunctional.
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