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Old 10-23-2010, 12:44 PM
 
11,715 posts, read 37,374,161 times
Reputation: 7535

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Quote:
Originally Posted by NewToCA View Post
Those "economic collapse" blogs just crack me up. As someone who is often fairly sympathetic to the conservative causes, I'd have to say that they often hurt the legitimate cases made for measured government.

Just take a look at another figure, state revenue, and then compare it to other states. That gives you a decent idea how California is doing.

Tell you what, I'll even give you a head start here (fair warning though, I never reference a blog):

2009 States Ranked by Total State Taxes
How much were GM's revenues when it when bankrupt? Its not what you bring it, its what you spend too.
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Old 10-23-2010, 12:45 PM
 
11,715 posts, read 37,374,161 times
Reputation: 7535
AB32 scares me more than the legislature's overspending. It gives people like CARB the authority to regulate, tax, and ban virtually everything in the name of the god, Global Warming. If you think government is intrusive now, you ain't seen nothin' yet.
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Old 10-23-2010, 12:45 PM
 
Location: Sacramento
13,869 posts, read 24,756,872 times
Reputation: 6625
Quote:
Originally Posted by EscapeCalifornia View Post
How much were GM's revenues when it when bankrupt? Its not what you bring it, its what you spend too.
How can you compare a company to a state? The multiple state budgets are required to be balanced, and though they may use some odd processes and projections to get to that point ultimately they are balanced.

Unlike the US, we don't have a deficit.
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Old 10-23-2010, 12:51 PM
 
11,715 posts, read 37,374,161 times
Reputation: 7535
Quote:
Originally Posted by NewToCA View Post
How can you compare a company to a state? The multiple state budgets are required to be balanced, and though they may use some odd processes and projections to get to that point ultimately they are balanced.

Unlike the US, we don't have a deficit.
You can't say you balanced the budget when you borrow billions of dollars to fill the hole every year.
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Old 10-23-2010, 12:54 PM
 
Location: Sacramento
13,869 posts, read 24,756,872 times
Reputation: 6625
Quote:
Originally Posted by EscapeCalifornia View Post
You can't say you balanced the budget when you borrow billions of dollars to fill the hole every year.
How much interest do we pay in carry-over debt? That is how you can tell if the budget is balanced.
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Old 10-23-2010, 12:57 PM
 
Location: California
11,451 posts, read 17,878,067 times
Reputation: 12626
Quote:
Originally Posted by bulldogdad View Post
As far as I'm concerned I hope this crap stays this way until it breaks this state. Then maybe we can change a few things.
I agree
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Old 10-23-2010, 12:58 PM
 
Location: Earth
17,444 posts, read 25,431,548 times
Reputation: 7389
Quote:
Originally Posted by NewToCA View Post
How can you compare a company to a state? The multiple state budgets are required to be balanced, and though they may use some odd processes and projections to get to that point ultimately they are balanced.

Unlike the US, we don't have a deficit.
In fairness, as bad as California's debt-to-GDP ratio is, California's debt to GDP ratio isn't as bad as that of the US federal government.
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Old 10-23-2010, 02:39 PM
 
Location: California
32,631 posts, read 36,051,388 times
Reputation: 28687
EVERYONE leave. FOR GOOD. Yeah...that's based in reality.

Seriously, where would EVERYONE go? I like it here but wouldn't mind of if a bunch of people did leave and traffic was better.
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Old 10-23-2010, 02:50 PM
 
5,113 posts, read 5,250,608 times
Reputation: 1741
Quote:
Originally Posted by Roaddog View Post
Is ca. in bad shape? sure along with most of the states, Am I hurting? Nope, I've got a good stable high pay job and a very low debt ratio.

Will a new govener save Ca. ? Nope
Are the people so upset they are rioting in the streets? NOPE then it must not be all that bad.
Good paying job? In SoCal you can make $150K annually and still live with little to show for it. The SoCal cheap old cracker box houses in bad neighborhoods cost over $300K and the decent homes are $800 and up ... way up! A person making $150K can only afford a home 3X annual salary so that's $450K. So saying you have a good paying job is relative and hopefully means you are making well over 250K.
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Old 10-23-2010, 02:50 PM
 
Location: SW MO
23,599 posts, read 33,286,635 times
Reputation: 29178
Quote:
Originally Posted by Ceece View Post
EVERYONE leave. FOR GOOD. Yeah...that's based in reality.

Seriously, where would EVERYONE go? I like it here but wouldn't mind of if a bunch of people did leave and traffic was better.
We did our part!
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