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Old 05-14-2020, 09:30 PM
 
45,582 posts, read 27,180,466 times
Reputation: 23891

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I thought I would never see this happen... but, that's what needs to be done.

They want to keep the shutdown for more months, then they need to adjust their budget. I should not be bailing them out.

California Proposes Billions in Cuts as Revenue Plunges

California Gov. Gavin Newsom proposed $14 billion in budget cuts on Thursday because of the coronavirus, with more than half coming at the expense of public schools already struggling to educate children from afar during a pandemic.

The cuts are part of a plan to cover a $54.3 billion budget deficit caused by plummeting state revenues after a mandatory, statewide stay-at-home order forced most businesses to close and put more than 4.7 million people out of work.

On Thursday, Newsom proposed filling that hole through a combination of cuts, tax increases, canceled spending, internal borrowing and tapping the state's reserves. It also includes a 10 percent pay cut for all state workers, including the governor himself.

...
Newsom said all of those cuts could be avoided if the federal government approves a $1 trillion aid package for state and local governments.
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Old 05-14-2020, 09:36 PM
 
2,953 posts, read 2,900,399 times
Reputation: 5032
And by "aide" he means "bailout"...
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Old 05-14-2020, 10:25 PM
 
18,250 posts, read 16,917,013 times
Reputation: 7553
The Fed can't continue printing funny money to bail out all these states. In the end we'll end up a Weimar Republic-style institution where people are wheeling around barrels-full of dollar bills to buy a loaf of bread.
public domain
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Old 05-14-2020, 10:44 PM
 
Location: Del Rio, TN
39,869 posts, read 26,503,175 times
Reputation: 25770
Funny that he hasn't talked about cutting back on his handouts to foreign criminals.
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Old 05-15-2020, 01:38 AM
 
Location: Southern Arizona
923 posts, read 1,429,800 times
Reputation: 2005
You give $500 to each illegal alien and you want a federal bailout? I don't think so.
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Old 05-15-2020, 02:13 AM
 
Location: Tucson/Nogales
23,219 posts, read 29,040,205 times
Reputation: 32626
How's this for a solution:

For Sale: Catalina Island

$55 Billion, and it's yours!
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Old 05-15-2020, 04:19 AM
 
Location: Huntsville Area
1,948 posts, read 1,516,857 times
Reputation: 2998
They need to start by making changes in the retiree pensions of public servants.

We know a school teacher receiving $105K in pension benefits yearly. There's something wrong here.
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Old 05-15-2020, 04:27 AM
 
56,988 posts, read 35,193,725 times
Reputation: 18824
Quote:
Originally Posted by Bamaman1 View Post
They need to start by making changes in the retiree pensions of public servants.

We know a school teacher receiving $105K in pension benefits yearly. There's something wrong here.
Not really. What’s the problem? That they’re getting more money than you will upon retirement?

Don’t advocate cutting someone else’s dough. That’s being a hater. Instead, you should be fighting to get your money up.
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Old 05-15-2020, 05:26 AM
 
Location: Pennsylvania
31,340 posts, read 14,262,240 times
Reputation: 27861
Quote:
Originally Posted by DRob4JC View Post
I thought I would never see this happen... but, that's what needs to be done.

They want to keep the shutdown for more months, then they need to adjust their budget. I should not be bailing them out.

California Proposes Billions in Cuts as Revenue Plunges

California Gov. Gavin Newsom proposed $14 billion in budget cuts on Thursday because of the coronavirus, with more than half coming at the expense of public schools already struggling to educate children from afar during a pandemic.

The cuts are part of a plan to cover a $54.3 billion budget deficit caused by plummeting state revenues after a mandatory, statewide stay-at-home order forced most businesses to close and put more than 4.7 million people out of work.

On Thursday, Newsom proposed filling that hole through a combination of cuts, tax increases, canceled spending, internal borrowing and tapping the state's reserves. It also includes a 10 percent pay cut for all state workers, including the governor himself.

...
Newsom said all of those cuts could be avoided if the federal government approves a $1 trillion aid package for state and local governments.
Newsome can kiss off regarding a federal bailout.
California created their own problems. Now they can fix them.
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Old 05-15-2020, 05:27 AM
 
19,387 posts, read 6,502,232 times
Reputation: 12310
Quote:
Originally Posted by whitem3 View Post
You give $500 to each illegal alien and you want a federal bailout? I don't think so.
Exactly! He's essentially asking law-abiding Americans to help his state give money to illegal aliens. Furgitaboudit.
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