Jerry Brown: Taxes Need to Be Raised, Services Cut, Belts Tightened (house, bankruptcy)

[mysticaltyger]

Originally Posted by kettlepot

Yes, that is the big question here, "if" the people approve of the tax increases. If the tax extensions are temporary, for a few years, people might approve them, but if his proposal is for making them permanent, that won't fly.

There is no such thing as a temporary tax increase, even if that's what they say

[Vascodagama]

Originally Posted by mysticaltyger

At this pont, it really is inevitable that some taxes need to be raised...even if the state really gets its act together in terms of being more business friendly, trimming the bloat, cutting pension benefits, etc...

It s*cks...but get ready for more of it at both the state & national level. I'm a Republican, but they, too have kicked the can down the road. There are few Reps. like Chris Christie, Gov. of NJ.

As California increases taxes, fees and regulations on businesses then more businesses and people will leave, then California will lose even more tax revenue, then they raise taxes again even more ...
It’s a death spiral.

Another factor is the real estate market. As the inflated home values drop, more people become upside-down on their mortgage, and they walk, creating more foreclosures which drives the values down even more ... and the cycle continues ... and the counties lose more property tax revenue.

[jaydog32]

We should let all of the illegal immigrants pay income tax or be deported. That should help bring down the debt. More income with taxes or less spending with deportation. Its a win, win.

Lets cut welfare too. Paychecks are for workers, right?

You know what else would help. Actually create a business friendly environment. Good weather only get you so far.

[mysticaltyger]

Originally Posted by humboldtrat

You're so cynical

Unfortunately, we have reason to be.

[mysticaltyger]

Originally Posted by BacktoBlue

I am a university student and I hope to hell that the education budget is not cut anymore. It is ridiculous and tedious what the state has done to the education budget from kindergarten through university. The education cuts need to stop.

Tell the teachers and your profesors they can't draw pensions at 55 and the budget cuts will be a lot less harsh.

That's the fact the teachers and professors conveniently leave out when they proselytize to students about budget cuts.

[RCCCB]

Originally Posted by humboldtrat

You're so cynical

Cynical by experiance.

[RCCCB]

Originally Posted by nullgeo

A few months back, while the insanity of elections was nearing levels of manic-depression that would require sanitarium commitment of every Californian, I posted a thread suggesting that, however unpalatable, there was no way out of special taxes and levies to pump out the state bilges.

There isn't any magic trick. The best the state can do is apply the hurt to discretionary and unhealthy personal expenditures ... yes, sometimes known as a "sin" tax.

Just do it ... get 'er dun.

This is a debt of politicians paying off unions and great society program recipients. Had they not been doing the wrong things with our money we would not be in this situation.

I think even if they extort the money out of us they will still be spending like crack addicts.

[RCCCB]

Originally Posted by BacktoBlue

So let me get this straight Meg Whitman would have done better?!?!?!

I think Meg would have cut the union size and wages. She would have somewhat cut back the dole and maybe make it very temporary.

[jbunniii]

Pensions are a bottomless pit into which taxpayer money is dumped and no services are rendered in return. If government needs to be cut (and it does), then let's start there.

[EscapeCalifornia]

Originally Posted by RCCCB

I think Meg would have cut the union size and wages. She would have somewhat cut back the dole and maybe make it very temporary.

She would have had as much success with that as Arnold did.