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  #1 (permalink)  
Old 03-13-2009
Imperator's Avatar
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Location: San Jose, Ca
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California just lost another 8 billion due to 'recession'

un real...simply unreal....they just taxed the shit ouf of us...I went to buy my weekend cigars today...well the guy at the shop says hey get ready for a hit...and I am like what hit? the 8$ cigar I buy? they added $2.50 more above the usual, taxes to the cost due to the tabacoo tax and sales tax combined just enacted.

and now I just read this...my job is disappearing in a month anyway, I am going to tell my wife to go start calling headhunters for her job, in other states where I can transfer my skills, I am fucking done here.....that gas tax we just avoided?...watch, just watch.....I am done.


Report: California faces another $8B budget gap
By JUDY LIN – 3 hours ago

SACRAMENTO, Calif. (AP) — The California Legislature's budget analyst says the recession has created another $8 billion hole in the state's budget just weeks after the end of a bruising fight to close a $42 billion gap through June 2010.

Legislative Analyst Mac Taylor says in the report released Friday that California's 10.1 percent unemployment rate, further declines in the stock market and lower tax collections have led to lower revenue projections. He expects the new $8 billion budget gap in the fiscal year that begins July 1.

State Controller John Chiang also said this week that February revenues were nearly $1 billion below previous projections.

Taylor says the deficit will grow even larger unless lawmakers and Gov. Arnold Schwarzenegger take action.

Copyright © 2009 The Associated Press. All rights reserved.


The Associated Press: Report: California faces another $8B budget gap
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  #2 (permalink)  
Old 03-13-2009
chassisman's Avatar
Secretary of State
Right Wing Extremist

 
Member Since: May 2004
Location: bible belt
Posts: 10,384

United_States     Texas

Re: California just lost another 8 billion due to 'recession'

The economy here is better than most (states). Laws you can live with, no state tax, etc.
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  #3 (permalink)  
Old 03-13-2009
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Member Since: Jun 2008
Location: the south
Posts: 8,829

United_States     Virginia

Re: California just lost another 8 billion due to 'recession'

Sorry for the bad news, the Governator certainly has failed to get Cali under any sort of reasonable control. I'm afraid the only hope for it is to rise from the flames ala the Phoenix.

The southeast is your best bet although Switzerland is looking better and better. Good luck to you
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  #4 (permalink)  
Old 03-14-2009
Secretary of State

 
Member Since: Jun 2006
Location: US, California - federalist
Posts: 5,330

   
Re: California just lost another 8 billion due to 'recession'

I am of the opinion, that with some of the red states claiming State's Rights and wanting to nullify federal authority concerning providing for the general Welfare of the United States, that California should also exercise its State Right to nullify the authority of the general government of the Union concerning well regulated commerce among the several states in the absence of a specifically enumerated power to prohibit such commerce.

How are criminalized recreational drugs better than well regulated recreational drugs on the open market which can generate tax revenue via consumption instead of direct and invasive taxation?
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  #5 (permalink)  
Old 03-14-2009
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Member Since: Mar 2004
Location: Indiana
Posts: 15,722

United_States     Indiana

Re: California just lost another 8 billion due to 'recession'

I don't smoke...but I saw it happened here to...a pack of cigarettes in Indiana is now over $5.00..$.68 per pack in additional taxes, bringing the total tax to $1.03 per pack.
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  #6 (permalink)  
Old 03-14-2009
Secretary of Defense

 
Member Since: Dec 2007
Location: Colorado
Posts: 2,559

   
Re: California just lost another 8 billion due to 'recession'

I think you're right--taxes--property taxes have got to go sky-high in California--I know my uncle who lives there is real worried about that. I can't not believe how enept the State Legislature has been over the years. They don't know what to do--& no one is willing to make hard choices. It's spend-spend-spend & worry about paying the bill later. Sounds kind of familiar doesn't it--especially with our federal government spending money like it grows on trees.

At any rate--off the coast of Santa Barbara there is a known natural gas reserve that is large enough to heat everyone's homes in America for the next four years. Think of the state revenue that would bring in. But--heck no the enviromental wacco's are out in force on this one. It's just unbelievable--but I agree with the author of this post. I would not live in California today. So I imagine there will be a mass exodus to other areas of the country--that actually balance their budgets & prefer to cut spending versus raise taxes. Good luck to the author--but you may want to look at my state Colorado for your re-location.
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  #7 (permalink)  
Old 03-15-2009
Secretary of State

 
Member Since: Jun 2006
Location: US, California - federalist
Posts: 5,330

   
Re: California just lost another 8 billion due to 'recession'

From a, purely public policy perspective, would taxes need to be raised if we can generate revenue from well regulated commerce among the several states that is also taxed, as a form of official weight and measure of wellness of regulation of that commerce?

I am not advocating we all become drug users, but only that we comply with the document our Founding Fathers took such great care to craft, in a previous age; before our modern understanding of economics was developed. Monies generated from the sale of those products could be used to defray public sector costs, and potentially, avoid direct and invasive tax increases.

What is the argument in favor of raising taxes, merely for the sake of raising taxes, when we have not exhausted all of the revenue generating avenues available to our republic and specifically enumerated in our Constitution?
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  #8 (permalink)  
Old 03-15-2009
Imperator's Avatar
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Audiatur et altera pars!

 
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Location: San Jose, Ca
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Re: California just lost another 8 billion due to 'recession'

Quote:
Originally Posted by Oreo View Post
I think you're right--taxes--property taxes have got to go sky-high in California--I know my uncle who lives there is real worried about that. I can't not believe how enept the State Legislature has been over the years. They don't know what to do--& no one is willing to make hard choices. It's spend-spend-spend & worry about paying the bill later. Sounds kind of familiar doesn't it--especially with our federal government spending money like it grows on trees.
they can't prop 13 dude....caps taxes at 1% of a property's assessed value. That value can only go up by 2% a year. Properties are reassessed any time they're sold. Then the 2% annual limit kicks in again.

Quote:
At any rate--off the coast of Santa Barbara there is a known natural gas reserve that is large enough to heat everyone's homes in America for the next four years. Think of the state revenue that would bring in. But--heck no the enviromental wacco's are out in force on this one. It's just unbelievable--but I agree with the author of this post. I would not live in California today. So I imagine there will be a mass exodus to other areas of the country--that actually balance their budgets & prefer to cut spending versus raise taxes. Good luck to the author--but you may want to look at my state Colorado for your re-location.

I totally agree that his green bullsht on one hand regards emission and then killing any development of this cleaner fuel is ridiculous but that’s the lib whack tack he takes.....hes off his rocker and he makes sure this state stays wrecked....he’ll just rasie taxes again. I am telling you that 12 cent gasoline tax is coming back....he has nothing left to tax unless he trys raising the same taxs that have this state no.1 in income and sales tax.
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  #9 (permalink)  
Old 03-15-2009
Imperator's Avatar
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Audiatur et altera pars!

 
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Re: California just lost another 8 billion due to 'recession'

Quote:
Originally Posted by danielpalos View Post
From a, purely public policy perspective, would taxes need to be raised if we can generate revenue from well regulated commerce among the several states that is also taxed, as a form of official weight and measure of wellness of regulation of that commerce?

I am not advocating we all become drug users, but only that we comply with the document our Founding Fathers took such great care to craft, in a previous age; before our modern understanding of economics was developed. Monies generated from the sale of those products could be used to defray public sector costs, and potentially, avoid direct and invasive tax increases.

What is the argument in favor of raising taxes, merely for the sake of raising taxes, when we have not exhausted all of the revenue generating avenues available to our republic and specifically enumerated in our Constitution?
very good question.

Meg Whitman for governor....
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  #10 (permalink)  
Old 04-15-2009
Speaker of the House

 
Member Since: Jul 2005
Location: USA
Posts: 825

   
Re: California just lost another 8 billion due to 'recession'

California could easily go back into the black by merely complying with Federal laws against welfare for illegal aliens, eliminating some $40 billion from the budget by tommorrow. No need for new gas wells, raising property taxes, or stealing money from other states using their large Congressional delegation to shake down a weak Prez.
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  #11 (permalink)  
Old 04-16-2009
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Secretary of State
So many years in one yesterday~

 
Member Since: Aug 2007
Location: Cyberspace
Posts: 4,786

United_States     Kentucky

Re: California just lost another 8 billion due to 'recession'

Quote:
Originally Posted by Imperator View Post
un real...simply unreal....they just taxed the shit ouf of us...I went to buy my weekend cigars today...well the guy at the shop says hey get ready for a hit...and I am like what hit? the 8$ cigar I buy? they added $2.50 more above the usual, taxes to the cost due to the tabacoo tax and sales tax combined just enacted.

and now I just read this...my job is disappearing in a month anyway, I am going to tell my wife to go start calling headhunters for her job, in other states where I can transfer my skills, I am fucking done here.....that gas tax we just avoided?...watch, just watch.....I am done.


Report: California faces another $8B budget gap
By JUDY LIN – 3 hours ago

SACRAMENTO, Calif. (AP) — The California Legislature's budget analyst says the recession has created another $8 billion hole in the state's budget just weeks after the end of a bruising fight to close a $42 billion gap through June 2010.

Legislative Analyst Mac Taylor says in the report released Friday that California's 10.1 percent unemployment rate, further declines in the stock market and lower tax collections have led to lower revenue projections. He expects the new $8 billion budget gap in the fiscal year that begins July 1.

State Controller John Chiang also said this week that February revenues were nearly $1 billion below previous projections.

Taylor says the deficit will grow even larger unless lawmakers and Gov. Arnold Schwarzenegger take action.

Copyright © 2009 The Associated Press. All rights reserved.


The Associated Press: Report: California faces another $8B budget gap
Imperator, in my profession, I do a lot of networking, go to a lot of conferences, etc. I meet a lot of people from California. I can tell you honestly, that I don't see WHY they live there. The cost of living is so high there that all they do is work. Most of them moonlight at two or three jobs in addition to their regular one so they can live near the sea. What is the point? If you never get to be at home and you are working yourself into an early grave, how can living there possibly be worth it?
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  #12 (permalink)  
Old 04-17-2009
Secretary of Defense

 
Member Since: Dec 2007
Location: Colorado
Posts: 2,559

   
Re: California just lost another 8 billion due to 'recession'

Quote:
Originally Posted by daddio View Post
Sorry for the bad news, the Governator certainly has failed to get Cali under any sort of reasonable control. I'm afraid the only hope for it is to rise from the flames ala the Phoenix.

The southeast is your best bet although Switzerland is looking better and better. Good luck to you


Swartseneger is only ONE man--& if he is against a hostile legislature & one that is bent on spending, spending, spending-& whom do not want to make the very hard choices of cutting spending-what chance would anyone have in getting the budget under control.
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  #13 (permalink)  
Old 04-17-2009
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President

 
Member Since: Nov 2004
Location: Earth
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Re: California just lost another 8 billion due to 'recession'

I pay 12 CAD for a pack of smokes. That is as of today 9.91 USD.

Andrew
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  #14 (permalink)  
Old 04-18-2009
Vice President

 
Member Since: Dec 2004
Location: DC
Posts: 6,343

   
Re: California just lost another 8 billion due to 'recession'

Quote:
Chassisman
The economy here is better than most (states). Laws you can live with, no state tax, etc.
Just out of curiousity, where is "here" exactly?

California is currently one of the worst states for unemployment. In fact, given the fact that California is the most populous state in the Union, the fact that it's unemployment rate is approximately 32% above the national rate (11.2% vs. 8.5%) California represents a significant drag on the national unemployment rate.

One of the worst economies in the country, historically high unemployment and this is the utter nonesense the leaders of the state are wasting their time and resources on:

State Senate approves bill banning language discrimination

The people of California are fools for having elected such idiots
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Last edited by Marcus1124; 04-18-2009 at 10:53 AM.
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  #15 (permalink)  
Old 04-18-2009
Chocobot's Avatar
Secretary of State

 
Member Since: Jun 2008
Location: Scotland
Posts: 5,049

   
Re: California just lost another 8 billion due to 'recession'

The cause of your troubles is not anyone but yourself.

As a right wing person you should be able to simply cut cost, abstain from cigars and tighten your belt, get a better job move ahead unlike the rest of the liberal scum.

So stop whining and get to it.

Meanwhile Ill laugh my arse off chilling in the Socialist paradise of Scotland where paid servants feed me grapes as I relax in unemployed heaven.
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