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Old 04-01-2013, 08:00 AM
 
Location: Boston, MA
14,482 posts, read 11,278,588 times
Reputation: 8999

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Quote:
Originally Posted by Fiddlehead View Post
Here is the inconvenient truth. Conservatives like business, right? Well, California, and that other liberal hell hole Massachusetts have probably spawned more innovation and patents over the last 50 years than all the red states put together. Sure, they are recovering from a huge housing bust, but California will lead the country and probably the world in business start ups and whole new branches of business for decades to come. It attracts the smartest people in the world and invests in them. That is the wellspring of a strong economy, and it always will be.

Check out this report and see where California compares in patents with the rest of the country over the last 14 years or so:

http://www.uspto.gov/web/offices/ac/...af/cst_all.pdf

(look at the state table on page 2, and the national table on page 3)
California trails only Japan, and leads every other country on earth.

If innovation is the source of future wealth, how is the Golden State destroyed?
Again, the OP was referring to California's budgetary woes, not California's private sector health.

I live in MA and our state budget has increased from 20 billion to 30 billion in a little over 10 years and now our governor wants to raise taxes.

States like MA and CA do well because that's where the top schools are.

 
Old 04-01-2013, 08:07 AM
 
Location: Long Island, NY
19,792 posts, read 13,945,761 times
Reputation: 5661
From the linked article:
Quote:
The report, which covers the fiscal year ending June 30, 2012, says that the state's negative status -- all of its assets minus all of its liabilities -- increased that year, largely because it spent more than it received in revenue.

Read more here: Capitol Alert: State auditor: California's net worth at negative $127.2 billion | State | SanLuisObispo.com
Right-wingers have been predicting California's demise for decades. Meanwhile, California has a projected budget surplus, because of needed tax increases, which closes deficits and debts.
 
Old 04-01-2013, 08:13 AM
 
Location: Long Island, NY
19,792 posts, read 13,945,761 times
Reputation: 5661
Quote:
Originally Posted by FabianS View Post
RINO Arnold only got elected because Californians RECALLED ******* Gray Davis for destroying the economy.

Remember rolling blackouts? Remember unlimited public worker entitlements and pensions? Remember U6 unemployment peaking at 10.6% under Davis?

Strange how weak RINO Arnold couldn't save California from any of these wonderful Democrat-created problems.
I remember rolling blackouts: it turned out that the main culprit in the electricity crisis was deregulation, which opened the door for ruthless market manipulation. When the market manipulation went away, so did the blackouts. It wasn't the union or public worker entitlements and pensions. You see, it always works like this, the big guys steal the money and then blame the lowest earning workers for the problem.
 
Old 04-01-2013, 08:27 AM
 
Location: Palo Alto
12,149 posts, read 8,416,274 times
Reputation: 4190
Quote:
Originally Posted by MTAtech View Post
From the linked article:

Right-wingers have been predicting California's demise for decades. Meanwhile, California has a projected budget surplus, because of needed tax increases, which closes deficits and debts.
The underlying financial condition is worse. Cash flow <> balance sheet.
 
Old 04-01-2013, 08:41 AM
 
17,400 posts, read 11,972,033 times
Reputation: 16152
Quote:
Originally Posted by Saritaschihuahua View Post
You can thank Proposition 13 for that. That was just another let's-reduce-taxes-and-f--k-up-the-place effort, and it certainly had an effect, now didn't it???

Now, THIRTY-FIVE years after Proposition 13 began f_____g up California, now finally there are all kinds of attempts to kill the money-sucking Proposition which f--ked up the place so much.

Every time I hear someone open their mouth with the words, "let's reduce taxes," I get an overwhelming desire to puke because I have seen the constant damage done by the tax-reducing wackos and nutjobs.
Quite obvious that liberals hate old people. Repealing Prop 13, which was put into place to protect folks' homes, that they'd lived in for decades, from being taken because they couldn't pay the high taxes, will only cause another housing bubble which will affect the elderly more than anyone else.
 
Old 12-14-2014, 12:24 AM
 
6,438 posts, read 6,916,693 times
Reputation: 8743
Quote:
Originally Posted by katzpaw View Post
America was founded by liberals and a liberal ideology.
Liberal meant something different to James Madison than it does to Harry Reid.

Liberal = freedom loving
or = everyone trying to live at everyone else's expense?
 
Old 12-14-2014, 12:52 AM
 
Location: where you sip the tea of the breasts of the spinsters of Utica
8,297 posts, read 14,161,809 times
Reputation: 8105
Quote:
Originally Posted by Larry Siegel View Post
Liberal meant something different to James Madison than it does to Harry Reid.

Liberal = freedom loving
or = everyone trying to live at everyone else's expense?
I thought you people were upset that liberals are "elitist" - in other words, that they're well-educated and rich? Well, which is it, elitist or welfare queens?

It's funny how much the California economy rebounded since the OP.
 
Old 12-14-2014, 04:55 PM
 
Location: Long Island, NY
19,792 posts, read 13,945,761 times
Reputation: 5661
Quote:
Originally Posted by the mask View Post
Liberalism eventually will lead to complete destruction always has always will!

Capitol Alert: State auditor: California's net worth at negative $127.2 billion | State | SanLuisObispo.com
Liberalism from the 1940s through 1970, through strong unions, a generous minimum wage, high taxes on wealth and generous subsidies for education, led to the biggest increases in income for the middle class. Since the conservative have watered down those policies, the middle class is stagnant while the tiny sliver at the top has never done better.
 
Old 12-14-2014, 04:57 PM
 
Location: NE Ohio
30,419 posts, read 20,301,605 times
Reputation: 8958
Quote:
Originally Posted by the mask View Post
Liberalism eventually will lead to complete destruction always has always will!

Capitol Alert: State auditor: California's net worth at negative $127.2 billion | State | SanLuisObispo.com
That's what Liberals do.
 
Old 12-14-2014, 08:01 PM
 
Location: University City, Philadelphia
22,632 posts, read 14,939,765 times
Reputation: 15935
Quote:
Originally Posted by the mask View Post
You Bet! Was the 50's perfect NO, but we were a much better nation then compared to today.
I don't think so.

I do not want to bring back the racist Jim Crow laws, polluted rivers and air, censorship, McCarthy's witch-hunts, women held back, gays and lesbians criminalized, ad nauseam!

Nope. I, for one, never want to go back to those days.
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