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Started By
Message
California has a $9b surplus
Posted on 6/15/18 at 11:36 pm
Posted on 6/15/18 at 11:36 pm
quote:
California is riding a wave of economic growth that has produced the largest surplus since at least 2000. Even the most conservative forecast pegs the surplus at nearly $9 billion.
Their success kind of goes against the more libertarian values I extol but I'm glad it's working out. Like it or not Cali's culture of STEM innovation is a major part of what makes America great.
LINK
Posted on 6/15/18 at 11:39 pm to BeepNode
Good, then they don't need any federal money. Maybe they should give some to the people eating out of the garbage and living on the streets.
Posted on 6/15/18 at 11:40 pm to BeepNode
What about their unfunded pension obligations?
Posted on 6/15/18 at 11:44 pm to BeepNode
If you have a surplus, you owe the people a tax rebate.
Posted on 6/15/18 at 11:47 pm to BeepNode
Sounds like California is enjoying the Trump economy.
Posted on 6/15/18 at 11:55 pm to BeepNode
Also, they are woefully behind in infrastructure improvements and many other areas, which they've ignored for the sake of shifting dollars to illegals.
They have at least two cities that have had to file for bankruptcy.
And they have somewhere close to $400 billion in unfunded liabilities.
CA is a disaster and will soon come crawling to the federal govt asking for a bailout.
They have at least two cities that have had to file for bankruptcy.
And they have somewhere close to $400 billion in unfunded liabilities.
CA is a disaster and will soon come crawling to the federal govt asking for a bailout.
Posted on 6/15/18 at 11:55 pm to BeepNode
Sounds like the liberals there need to come up with more spending programs and tax those evil rich people even more. Oh, and don't put away a dime for all the unfunded pensions that are going to collapse. Top suggestions:
1. Free college for everyone!
2. More illegal alien incentive programs!
3. Build lavish nee homes for the homeless!
What could go wrong?
1. Free college for everyone!
2. More illegal alien incentive programs!
3. Build lavish nee homes for the homeless!
What could go wrong?
Posted on 6/15/18 at 11:57 pm to Taxing Tiger
quote:
What about their unfunded pension obligations?
Some went towards it but Republicans wanted a larger amount. I'm not 100 percent positive but I think a large chunk of the UALs, even in CALpers, are local governments and not state.
The biggest way they're screwing up is in how unreasonably high they set discount rates on those liabilities. No private sector system would do that. That shouldn't even be a partisan issue.
Posted on 6/15/18 at 11:58 pm to TrueTiger
quote:
If you have a surplus, you owe the people a tax rebate.
I do agree with this but I would call for a vote on it, with the only two options being refund or put into a rainy day fund.
Posted on 6/15/18 at 11:59 pm to starsandstripes
quote:
Also, they are woefully behind in infrastructure improvements
Ever been to Louisiana?
Posted on 6/16/18 at 12:02 am to BeepNode
Now do the actual debt in California, not just this past fiscal years surplus, the actual overall debt.
Posted on 6/16/18 at 12:02 am to BeepNode
quote:
Ever been to Louisiana?
Sorry, I must have missed the word 'Louisiana' in the thread title.
Posted on 6/16/18 at 12:03 am to BeepNode
Plenty of states have surpluses, both blue and red
plenty of states have deficits, both blue and red
It is tiring when people try to use state level performance juxtaposed with state level political orientation to make a connection.
plenty of states have deficits, both blue and red
It is tiring when people try to use state level performance juxtaposed with state level political orientation to make a connection.
Posted on 6/16/18 at 12:08 am to BeepNode
quote:
The biggest way they're screwing up is in how unreasonably high they set discount rates on those liabilities. No private sector system would do that. That shouldn't even be a partisan issue.
They don't plan on paying the pensions. Hence, this is all a sham.
Posted on 6/16/18 at 12:13 am to rickyh
quote:
Good, then they don't need any federal money.
Did you know Cali’s federal tax burden funds Louisiana’s largesse?
Posted on 6/16/18 at 12:18 am to BeepNode
They have a BUDGET surplus this year. They're almost $500 billion in the hole otherwise.
This post was edited on 6/16/18 at 12:44 am
Posted on 6/16/18 at 12:18 am to lsuconnman
quote:Oh god, here we go again... 'muh blue states fund muh red states'
Did you know Cali’s federal tax burden funds Louisiana’s largesse?
You guys are hypocrites.
you claim you love a progressive tax system, yet bitch when it does exactly what it is designed to do: punish rich and reward the poor. A progressive income tax system will hurt rich states and help poor states..... that is literally the principle behind it.
Posted on 6/16/18 at 12:18 am to BeepNode
I surely would hope so considering they house some of the largest corporations in the world, have some of the most expensive real estate in the world, and tax the frick out of everything living.
Posted on 6/16/18 at 12:18 am to BeepNode
9 billion and yet no water.
Drive up and down I5 and signs galore of farmers bitching at the government.
But they have enough money and water to constantly build golf courses at a rate only Florida can beat.
There is a County in California that has 6 golf courses within 40 square miles...two of them world famous.
And the State says no water at restuarants...hotels? recycle your own towels...slo-fo showers, slo-fo toilets.
Everything in California is conservation unless it's golf and wine.
State has gone wine crazy, every city up and down the coast now advertisies as Wine Country.
The water issue will never go away.
Drive up and down I5 and signs galore of farmers bitching at the government.
But they have enough money and water to constantly build golf courses at a rate only Florida can beat.
There is a County in California that has 6 golf courses within 40 square miles...two of them world famous.
And the State says no water at restuarants...hotels? recycle your own towels...slo-fo showers, slo-fo toilets.
Everything in California is conservation unless it's golf and wine.
State has gone wine crazy, every city up and down the coast now advertisies as Wine Country.
The water issue will never go away.
Posted on 6/16/18 at 12:19 am to BeepNode
quote:
Like it or not Cali's culture of STEM innovation is a major part of what makes America great
STEM carries that state. Without it, Cali ain't shite.
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