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California’s Cash Crunch: Ay, Caramba!Posted on May 7, 2009
California is running short on cash fast—$23 billion short. According to chief legislative budget analyst Mac Taylor, the Golden State may not have enough moolah to keep it going through July, and this after across-the-line tax hikes approved in the February budget package.
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A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman.
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By CAMP, May 10 at 10:11 pm #
(Unregistered commenter)
California sends $1.00 to the FEDs and gets 78 cents back. That’s an outflow to the rest of the country of $8,000. per Californian per year. Unlike Texas which effectively breaks even, we carry the rest of the country. The rest of you better hope we stick around. Secession is looking better and better. Now Obama wants to impose a confiscatory tax on the export earnings of our top jobs-producers. What a lame-brain idea. Net $500bln over the last 8 years to carry those whiners from Mississippi and Louisiana and “free-marketeers” from Virginia. Welfare-queens, all. Virginia takes $ 1.51 for every $1.00 they pay in Federal taxes. Cantor better discover how much he likes San Francisco….
Report thisBy AHnold, May 9 at 5:15 pm #
(Unregistered commenter)
We need to stop putting budget and tax laws to the popular vote every couple of months.
If we’re going to have a representational government in Sacramento, let’s let them do the passing of tax laws, and not every Tom, Dick and Harry through hugely expensive (and hugely likely to fail), frequent propositions.
California also needs to stop doing everything with bonds and borrowing (against the lottery, property tax, future General Funds, etc).
Report thisBy Leefeller, May 8 at 5:50 pm #
We should legalize prostitution, not just for politicians. I know, not a nice thing to say about prostitutes.
Report thisBy Blazer X, May 8 at 4:14 pm #
(Unregistered commenter)
..wait for it..wait..ahhhhh!(exhaling)..I’m glad the Governator is gonna take over D-dog’s turf that last batch reeked! Dude, maybe we’ll finally get some quality control.if it was like up to me..uhh what were we talking about??
Report thisBy Jeff S., May 8 at 12:29 pm #
(Unregistered commenter)
For those of you who wish to see marijuana legalized and taxed I urge you to read this (keep your mind open):
http://www.freedomsphoenix.com/Find-Freedom.htm?EdNo=001&At=0056451
Report thisBy David, May 8 at 8:22 am #
(Unregistered commenter)
Stop paying for Illegals and send them all home. How’s that for correcting your economy??
Report thisBy howie bledsoe, May 8 at 6:11 am #
(Unregistered commenter)
Is that a giant joint in his hand in the photo there?
Report thisBy G.Anderson, May 8 at 1:05 am #
Politics in California is a failure.
Time to replace all of them, every single last one of our representatives should be removed from office, it’s the only way to be sure the madness won’t start again.
California’s will continue to suffer, unless we re call them all.
Report thisBy coloradokarl, May 8 at 12:57 am #
Just leagalize it and the California economy would turn around in two years. Sales taxes from the poor and middle income would generate money and jobs imediatly. sales tax on marijuana would just encourage the politicians…....
Report thisBy PatrickHenry, May 7 at 8:25 pm #
Time to legalize and tax marijuana.
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