This is why California is going bankrupt | TigerDroppings.com

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TerryDawg03
Georgia Fan
The Deep South
Member since Dec 2012
1839 posts

This is why California is going bankrupt


Explain this one

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Wally Sparks
Georgia Tech Fan
Atlanta
Member since Feb 2013
7618 posts
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re: This is why California is going bankrupt








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50Mullets
LSU Fan
A more civilized age
Member since Oct 2012
1433 posts

re: This is why California is going bankrupt








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Tyrusrex
LSU Fan
Member since Jul 2011
334 posts

re: This is why California is going bankrupt


Hope you guys realize that California is no longer going broke. Yeah, it doesn't have a huge $2 billion surplus, that was an accounting error, but there's no doubt that state finances are in much better shape. Why? 4 reasons. 1) believe it or not, but Jerry Brown has made a ton of cuts that if a Republican Governor had tried to implement would've been shot down out of hand. 2) The economy is doing better. Better economy more taxes. Simple as that. 3) Higher taxes, Californians voted to raise taxes on themselves. 4) Budgets can finally be passed. For the longest time, Republicans could hold up any budget because in order to pass a budget, there needed to be a super majority in the legislature. And the Republicans were the party of no. This sounds a little familiar... Well, the Republicans finally got so unpopular they no longer had the numbers to hold up the budget.





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DonChowder
LSU Fan
Caulifornea
Member since Dec 2012
4811 posts

re: This is why California is going bankrupt


quote:

Hope you guys realize that California is no longer going broke.

Look dude I live here. It may be in slightly better shape than it was two years ago but it's still a crap place to live unless you are a complete establishment democrat.






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rintintin
New Orleans Saints Fan
Life is Life
Member since Nov 2008
7760 posts
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re: This is why California is going bankrupt


quote:

3) Higher taxes, Californians voted to raise taxes on themselves.


I can't, for the life of me, fathom how any free minded, independent person could vote for such a thing.






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coolpapaboze
Penn Fan
Parts Unknown
Member since Dec 2006
7894 posts

re: This is why California is going bankrupt


They are going to go broke because of their pension liabilities. Book it. They have done frick all to address that problem. The public sector unions own and run Sacramento. Show me some real pension reform and I might have some hope for California. Until that happens, you, and they, are dreaming.





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slaphappy
LSU Fan
BR
Member since Nov 2005
1276 posts

re: This is why California is going bankrupt


Could fix their problems tomorrow...start drilling off-shore...do it voluntarily and you keep the money...wait until feds mandate it and get a small part...





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Tyrusrex
LSU Fan
Member since Jul 2011
334 posts

re: This is why California is going bankrupt


quote:

Look dude I live here. It may be in slightly better shape than it was two years ago but it's still a crap place to live unless you are a complete establishment democrat.


I live here too, in the Bay Area. I moved here after college because job prospects are better here than in Louisiana. California isn't perfect, but it's nowhere the socialist hell hole that people on this board make it out to be. I hate the PC correctness out here, don't like the higher taxes, I don't like the micromanagement that the government often feels like it has to impose on us, but at the same time, California, especially the Bay Area feels like it's 10-20 years more modern than Louisiana. I'm no Democrat, but if the Republican party is to survive, it needs to modernize it's outlook and stop living in the 1950's.






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Tiguar
South Alabama Fan
Mobile
Member since Mar 2012
6518 posts
 Online 

re: This is why California is going bankrupt


quote:

it needs to modernize it's outlook and stop living in the 1950's.

Did... did you bring up social issues in a fiscal thread? It's okay if I misunderstood you, just let me know.






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geauxskeet
LSU Fan
Member since Oct 2009
199 posts

re: This is why California is going bankrupt


quote:

Hope you guys realize that California is no longer going broke


actually it is and you are wrong - again. 1. Cali had a huge income tax increase in the last quarter of 2012 - because everyone who could shift income from 2013 to late 2012 did so to avoid the huge tax increase. 2. there is a huge understatement of the teachers retirement deficit. Assuming a 5.5% rate of return (somewhat better than the 0.3% return of the last five years), taxpayers need to come up with $5B/yr for 17 years to make up for the underfunding.






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constant cough
LSU Fan
Lafayette
Member since Jun 2007
36556 posts

re: This is why California is going bankrupt


quote:

especially the Bay Area feels like it's 10-20 years more modern than Louisiana.


Yeah if only we had that newfangled internet thingy over here. And cell phones, I've always wanted to try one of those.

quote:

I'm no Democrat, but if the Republican party is to survive, it needs to modernize it's outlook and stop living in the 1950's.


Yeah because the 50's were soooo terrible. San Fran was a nicer place then than what it's become now.






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Tyrusrex
LSU Fan
Member since Jul 2011
334 posts

re: This is why California is going bankrupt


Yeah, the social extremist on the right are really bad and antiquated. But what's even worse is the Republican party's perception that it's the party of the rich and big business rather than the people. The Republican party should be offering solutions of how people can get off of welfare, cutting taxes for the rich and corporations while cutting benefits doesn't help people. Welfare needs to be reformed, but people needs to see a way out of poverty, that's where the Republican party needs to modernize.

read this from Marc Thiessan

LINK


And this guy has a pretty good pulse of what's wrong too

LINK /






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real
LSU Fan
Dixieland
Member since Oct 2007
12717 posts

re: This is why California is going bankrupt


Oh the economy is doing better? Must be all those new food stamp people spending their check. But just to let you know, just yesterday a terrible report came out on Housing sales falling. But you keep on believing that the economy is doin great and on the rise.





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Tiguar
South Alabama Fan
Mobile
Member since Mar 2012
6518 posts
 Online 

re: This is why California is going bankrupt


How can you tell people to improve the product they are trying to sell (themselves) and put in work without being labeled racist, intolerant, or a WASP? Or do you have another suggestion for people to get off entitlements?





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Tyrusrex
LSU Fan
Member since Jul 2011
334 posts

re: This is why California is going bankrupt


quote:

How can you tell people to improve the product they are trying to sell (themselves) and put in work without being labeled racist, intolerant, or a WASP? Or do you have another suggestion for people to get off entitlements?


Ok, how about this, shifting some of the money that currently goes to benefits to something that actually helps people work such as affordable day care or better public transportation? Or this, instead of cutting taxes for the rich, how about shifting the cuts to payroll taxes? The poor and middle class spends a much greater portion of their money than the rich which actually helps the economy. There's tons of ideas, and some of them are proposed by Democrats, but right now the Republican party is so entrenched in kneejerk rejection of everything that it's going the way of the dodo.






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Tiguar
South Alabama Fan
Mobile
Member since Mar 2012
6518 posts
 Online 

re: This is why California is going bankrupt


Money won't fix societal problems, but I could get on board with your payroll tax cuts. When did a democrat suggest pure payroll cuts with no strings? Just curious, genuinely asking. I don't know.





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Tyrusrex
LSU Fan
Member since Jul 2011
334 posts

re: This is why California is going bankrupt


quote:

Money won't fix societal problems, but I could get on board with your payroll tax cuts. When did a democrat suggest pure payroll cuts with no strings? Just curious, genuinely asking. I don't know.


That's the thing no party has been fighting for it, Bush had a temporary one that Obama allowed to elapse, but neither party fought for it. The Republican party should have fought for it, rather than lower taxes for the rich, but they didn't, which is a big reason why the party is in as much trouble as it is.






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Tiguar
South Alabama Fan
Mobile
Member since Mar 2012
6518 posts
 Online 

re: This is why California is going bankrupt


I see. So Obama letting something good expire is the Republicans fault? Not disagreeing; they should have fought but I'm unsure of the context you're arguing.


This post was edited on 3/27 at 7:42 pm


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Tyrusrex
LSU Fan
Member since Jul 2011
334 posts

re: This is why California is going bankrupt


quote:

I see. So Obama letting something good expire is the Republicans fault? Not disagreeing; they should have fought but I'm unsure of the context you're arguing.


I'm saying that both parties let it go. The Republicans could've have fought for it, but they decided to fight tax hikes on the rich instead. It was a golden missed opportunity that could've made the Republicans look more in tune with the middle class but instead just reinforced the notion that the Republicans is just a party of the rich.






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