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re: California has a $6.1 billion budget surplus

Posted on 3/4/18 at 12:32 pm to
Posted by 14&Counting
Eugene, OR
Member since Jul 2012
37696 posts
Posted on 3/4/18 at 12:32 pm to
quote:

That is pretty impressive considering that state has been a financial black hole for the past two decades it seems like.





Balanced the budget by raising yet again taxes. That is great but Brown should start focusing on making California more livable for the middle class and business. How about paying on some tax cuts and business incentives to create jobs.
Posted by Rebel
Graceland
Member since Jan 2005
131461 posts
Posted on 3/4/18 at 12:44 pm to
There is a lot of dumbness in this thread.

For this one year, CA claims a 6 billion dollar surplus against money received for this one year. — Basicalky they haven’t spent all of this one paycheck.

CA is carrying a 450 billion dollar dept over.

If they were to apply this years surplus (which they won’t) and continued to do so, CA would still be in debt for 75 years.
Posted by Senior Sidewalker
Member since Oct 2017
722 posts
Posted on 3/4/18 at 2:31 pm to
quote:

Brown should start focusing on making California more livable for the middle class and business. How about paying on some tax cuts and business incentives to create jobs.


The unemployment rate is below 5%. Clearly jobs are not a problem

Strike 1

it's also the fastest growing state for new businesses in the US

quote:

In the 2014-17 period, California added 51,835 companies of all sizes (a 2.3 percent gain); next was Florida, up 49,107 (2.6 percent); Colorado was third up 18,237 (4.0 percent); and Arizona was No. 4, up 18,132 (4.6 percent).

Nationally, the company count actually shrunk by 473,185 (2.5 percent) as small business sharply declined. And worst in the nation? Pennsylvania, down 44,218, a drop of 5.9 percent.



Strike 2. Get your facts straight
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