Has California Finally Hit Bottom?
[Editor’s note: The following is a cross post by Jane Wells that originally appeared on CNBC.com]:
The Golden State has been forced into a sort of economic rehab after years of runaway spending.
Now, California’s Legislative Analyst’s Office says the state may be bottoming, and there is reason to hope.
Californians just passed Prop 30, raising taxes, but the LAO says the state will still have to close a $1.9 billion budget gap over the next two years. However, there could be a budget surplus beginning in 2014.
“We’re not out of the woods,” said Lt. Gov. Gavin Newsom, a Democrat. “There’s a lot of desire, pent-up desire, to invest more in research and development and issues of education and the like, and so we’re going to have to hold the line.”
Newsom was speaking at the Milken California Summit in Beverly Hills, where the issue of the state’s economy and notoriously poor business climate were front and center.
Proposition 30 will raise the top state income tax rate to 13.3 percent for millionaires. “That’s not a great way to encourage folks to come here and stay here,” he said.
Here’s Lt. Gov. Gavin Newsome discussing California’s budget problems with CNBC’s:
Add that to the potential repeal of the Bush tax cuts. “We’re talking about a tax rate of over 50 percent,” for top earners, said Scott Minerd, Guggenheim Partner’s Chief Investment Officer.
Democrats now have a supermajority in Sacramento, meaning they could raise taxes without a single Republican vote. Newsom said that would be a mistake.
“Democrats now own this. We’ve got to lean back in,” he said. “We’ve got to make a case to CEOs across the country that this is not the worst place to do business. It’s not. But we have to demonstrate that.”
Here’s Guggenheim Partners CIO Scott Minerd discussing the state’s budgetary woes:
Phoenix is the latest city making a play to lure California business to move out, promising 100 CEOs free flights to Arizona to tour the town. While it sounds like a gimmick, most at the Milken summit say the threat is real.
“You can’t just take business and jobs for granted, you’ve got to have policies that foster economic growth,” said Russ Goldsmith, CEO of Los Angeles-based City National. “When you’re 49th in the country in terms of business climate, you’ve got to do something to make it better. Unfortunately the Governor doesn’t seem to understand that.”
And here’s Russell Goldsmith, CEO of City National, talking about businesses and the “fiscal cliff”:
Goldsmith believes, though, that the California economy is turning around. Income taxes jumped last month, a sign of improving employment. But he said his business clients are taking out lines of credit … and then just sitting on them, waiting to see what happens in Washington.
“I don’t know what my tax rate is going to be,” he said they’re telling themselves. “I don’t know what my depreciation schedule is going to be. I don’t know if the government is going to drive us into recession. … I’m just going to wait.”
Scott Minerd of Guggenhiem isn’t pulling money out of California, despite its high cost structure. “It is still a leader in tech, it is still a leader in innovation.”
But does he think the state will return to surpluses in two years as the LAO suggests? “No, and I don’t think anybody who knows anything takes it very seriously,”
–
RELATED:
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- Surprising Cities Where New Businesses Are Bulit
- Most Affordable U.S. Cities
- Towns for Sale
© 2012 CNBC.com, Jane Wells. Front page photo courtesy the AP.
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Comments (384)
sscamaro1967
Posted on November 16, 2012 at 11:38pmHere in Colorado, you can see what ex kommiefornians have done to my fair state.
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scarydave
Posted on November 16, 2012 at 11:48pmNews Flash… California IS A BAD STATE for any business to move to…!!!!!!!
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repairsea
Posted on November 16, 2012 at 11:49pmStop selling them your real estate.
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TheBurningTruth
Posted on November 16, 2012 at 11:54pmWell, the rest of the country shares part of the blame for that. The country as a whole has let the whole illegal immigration problem slide in a “Not My Problem” manner. With one third of the welfare cases and 50% of the illegal immigrants, the more conservative and higher income people have been leaving the Great Socialist State of CA for years.
Perhaps if people around the country (including CO) had taken that danger seriously, those escaping from CA might have stayed. When the ship starts sinking, everybody gets the rats!
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rickc34
Posted on November 17, 2012 at 12:04amIt hit rock bottom when Gerry Brown was elected
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mtcountrygrl
Posted on November 17, 2012 at 12:18amThey will pay more than 50%. You forget about the OTHER TAXES! Social Security, Medicare, Obamacare, and state sales taxes. Who would live there?
dawghowse
Posted on November 17, 2012 at 4:46amI used to live in Colorado, I escaped! The Californians screwed it up. I hope Cali sinks!!!!
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phil1765
Posted on November 17, 2012 at 6:25amKeatonc333
If you read the article that was a politician saying that, if you read on you will find the CIO of a major corporation says, when asked if the state having a surplus in two years is feasible, “No, and I don’t think anybody who knows anything takes it very seriously,”. Who you going to trust?
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wayner4162
Posted on November 17, 2012 at 6:33amWhite people voting for democrats these day’s in the US could be compared to the Jews in Pre-World War 2 Germany voting for Hitler.(just an illustration)
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dublinthewagons
Posted on November 17, 2012 at 6:34amCalifornia found the pot@ the end of the rainbow. They smoked it.
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DEMOCRATS.ARE.EVIL
Posted on November 17, 2012 at 7:55amCan Democrats EVER hit bottom? Their twisted psyche won’t allow them to even recognize there’s a bottom to be hit. The world is a never-ending goodie-bag of delicious road kill to these vultures.
When California does implode, and it will, we’ll all suffer. The Liberals living there who caused the problem in the first place will fan out like a biblical plague…like a super-virus… and reek havoc on the rest of the country. States like Texas, Colorado and Nevada have already been touched by this plague as early bands of liberal Californians have escaped to create new parasitic settlements.
My advice: local governments and citizen groups should ban together to pass laws to prevent Californians from immigrating to their communities.
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Stuck_in_CA
Posted on November 17, 2012 at 8:04amYeah, we’re toast. The Sacramento Communists have a Super-majority now. Goodbye Prop 13. Hello economic bloodbath.
I believe the electronic voting systems have been corrupted for decades. Just how much help TPTB got from the boys in Silicone Vally, who knows.
Conservatives MUST read this:
http://fellowshipofminds.wordpress.com/2012/11/15/why-the-gop-will-not-do-anything-about-vote-fraud/
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lillymckim
Posted on November 17, 2012 at 8:15amWhen the homeless figure out a way past the security gates of Hollywood and start occupying the STARS front porch and yards then and only then will vote for RESPONSIBLE candidates instead of a fashion accessory a figure head like Obama
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HowardSternIsABigot
Posted on November 17, 2012 at 8:31amEverywhere the democrats rule, Illinois, california, New York, Detroit, Michigan, etc. Are all so deep in debt it will definitely sink the entire economy. We dont need secession by good states, we merely need to kick out the cess pool states.
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Willik
Posted on November 17, 2012 at 8:40amThey did a hellava job on Washington and Oregon, too!!!
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cathouseumbrella
Posted on November 17, 2012 at 9:13amHOWARDSTERNISABIGOT: Texas has the third highest debt in the US. Hope this helps.
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VRW Conspirator
Posted on November 17, 2012 at 10:11amAll of you that bash the people of California for the role of the government are just short sighted and ignorant. Remember, you live in a country that voted for the Democrats the last 6 years. Many of your states just helped re-elect BHO. Sorry, but there are not that many ex-Californians spread out to have caused that. Many of us have moved to more conservative states like AZ, TX, UT, ID, CO. It isn’t the far left people that are leaving the state so trying to blame ex CA residents for why your state went blue in 08, 10, and 12 is just IDIOTIC. It went blue because the residents of your state went blue…the CA residents that moved there tried to keep it red, that is why they went there to begin with.
Also, sitting around and saying “I hope CA burns, sinks, collapses” or anything else is EXTREMELY short sighted. CA is STILL the 8th largest economy in the WORLD. 17% of the US economy…if CA goes under, the whole nation goes down with it…and then the planet. At one time CA was the 5th largest economy, produced 1/4 of all food in the USA, and lead the world in tech and R&D. You should be PRAYING that CA returns to that status because when it does, the US and world will stabilize.
In voting, the victor goes as OH goes…in economics, the US goes as CA goes…CA might be leading the downfall right now…but you should be PRAYING the people wake up FAST or your going down too…
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Madmilo
Posted on November 17, 2012 at 10:26amThey are destroying Texas at a pretty fast rate also. Like a plague of locust. I can’t understand how they are so stupid to not see what they are doing. Bring down one place then move on to the next.
Stop coming to Texas you idiots.
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Madriky
Posted on November 17, 2012 at 10:37amI agree with Stuck_In_CA: Here in Virginia we have touchscreen electronic voting machines with non-hard-copy-non-paper “ether” ballots going to a hard drive that nobody can be sure of what happens or where they go from there except the programmer.
I will refrain from ever voting gain unless or until the go all-paper ballots. Besides, Virginia is an all-blue state now. The liberal Democrats got it now, so there is no use bothering to vote. Blacks, Hispanics and Asians now out-number us and out-vote us.
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RIGHTHOOK
Posted on November 17, 2012 at 11:09am@SS – Are you a native of CO? How’s the pot these days? Maybe you are a CO native however your borders are open as they are in all 50 states to other US citizens to relo if need be for career or by choice. There are a lot of decent people in CA that live there because they were redeployed there from elsewhere and may be relocated yet again. To lump all those from CA as toxic so to speak and unwelcome to your private hamlet is a narrow minded and ignorant response. Not everyone in CA is from Hollywood or pals with Geo Clooney. This web site went from a legit conservative site to attracting blockheads………….
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Spango
Posted on November 17, 2012 at 11:27amYou must be specific. What have Californians done? Most that are leaving are the working white families that are attempting to escape third world (Mexican) society. Utah, Idaho, Oregon…better accept it. White Californians are coming to you.
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Spango
Posted on November 17, 2012 at 11:31amWhat have Californians done to Colorado? Get used to it because white Californians are fleeing so Utah, Idaho, Oregon, Colorado…better get used to it. California is becoming third world. The lack of immigration control ruined California.
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nomorpc4me
Posted on November 17, 2012 at 12:17pmMy state of California is a state of intitlement addicts. Just as any other addict, they will not acknowledge their problem until they hit rock bottom and even then, it may bee too late. California is Greece in 2-5 years. Remember the old saying: “As California goes, so goes the nation.” And we have the man it the White House to make sure it happens quickly.
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thegreatcarnac
Posted on November 17, 2012 at 12:18pmWayner4162…….lol……You are absolutely right!
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COFemale
Posted on November 17, 2012 at 12:32pmI am with you on that. At least where I live I have a lot of conservatives, but some Liberals are sneaking in and tainting the landscape.
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repairsea
Posted on November 17, 2012 at 1:27pmThen quit selling them your real estate. Quit being greedy to get their money. Portland, Oregon did the same thing and look what happened to them.
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Julinka
Posted on November 17, 2012 at 1:29pmI feel sorry for long time residents of CO. I used to live there, and sometimes dream of going back. But it now seems to be just as liberal or in some ways more so than Illinois where I live now. But those mountains….incredibly beautiful.
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Jase
Posted on November 17, 2012 at 1:33pmVRW Conspirator is correct. The Californians that are moving out are not the commies. In fact, commies from around the country (and worldwide) are still moving INTO California. Denver is a VERY liberal city, and that’s where the majority of the population live in CO. Denver went for Obama 73% and 24% for Romney. L.A. was 69% / 29%. (Fox news map).
The majority of Californians have moved to places like Colorado Springs, which is a very conservative city. Most people I have met in Denver (I used to live there) have moved from the east coast and the midwest.
If you’re a conservative, you need to stop blaming Californians for all your state’s problems. You should be welcoming them with open arms because they are usually conservatives who are fed up with the CA government and immigration problem.
oneshiner
Posted on November 17, 2012 at 2:58pmBusinesses that supported the democrats I will not be supporting, ever!
the following lists of 2012 political donations as reported by the Center for Responsive Politics, are compiled from Doug Giles’ Clash Daily, Nov. 15, 2012:
Businesses that donated to Democrats:
Shopping
Price Club/Costco donated $225K, 99% went to Democrats
Rite Aid donated $517K, 60% went to Democrats (BEEP)
Magla Products (Stanley tools, Mr. Clean) donated $22K, 100% went to Democrats
Warnaco (undergarments) donated $55K, 73% went to Democrats
Martha Stewart Living Omnimedia donated $153K, 99% went to Democrats (BEEP)
Estee Lauder donated $448K, 95% went to Democrats ( BEEP, BEEP, BEEP)
Guess, Inc. donated $145K, 98% went to Democrats
Calvin Klein donated $78K, 100% went to Democrats
Liz Claiborne, Inc. donated $34K, 97% went to Democrats (BEEP, BEEP)
Levi Straus donated $26K, 97% went to Democrats
Olan Mills donated $175K, 99% went to Democrats
Spirits
Southern Wine & Spirits donated $213K, 73% went to Democrats
Joseph E. Seagrams & Sons (incl. beverage business and considerable media interests) donated $2M+, 67% went to Democrats
Gallo Winery donated $337K, 95% went to Democrats (BLAH)
Restaurants
Sonic Corporation donated $83K, 98% went to Democrats (NEVER AGAIN ON MY WATCH)
Triarc Companies (Arby’s, T.J. Cinnam
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oneshiner
Posted on November 17, 2012 at 3:10pmBusinesses that donated to Republicans:
(Tell these businesses they’re wasting their money, because 30 years ago, the GOP surrendered to the Democrat Party by agreeing not to challenge vote fraud and, in so doing, handed a blank check to the Democrats to commit vote fraud.)
Shopping
WalMart donated $467K, 97% went to Republicans
K-Mart donated $524K, 86% went to Republicans
Home Depot donated $298K, 89% went to Republicans
Target donated $226K, 70% went to Republicans
Circuit City Stores donated $261K, 95% went to Republicans
3M Co. donated $281K, 87% went to Republicans
Hallmark Cards donated $319K, 92% went to Republicans
Amway donated $391K, 100% Republicans
Kohler Co. (plumbing fixtures) donated $283K, 100% Republicans
B.F. Goodrich (tires) donated $215K, 97% went to Republicans
Proctor & Gamble donated $243K, 79% went to Republicans
Spirits
Coors & Budweiser donated $174K, 92% went to Republicans
Brown-Forman Corp. (Southern Comfort, Jack Daniels, Bushmills, Korbel Wines, Lenox China , Dansk and Gorham Silver) donated $644 K — 80% went to Republicans
Restaurants
Pilgrim’s Pride Corp. (chicken) donated $366K, 100% went to Republicans
Outback Steakhouse donated $641K, 95% went to Republicans
Tricon Global Restaurants (KFC, Pizza Hut, Taco Bell) donated $133K, 87%went to Republicans
Brinker International (Maggiano’s, Brinker Cafe, Chili’s, On the Border, Macaroni
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oneshiner
Posted on November 17, 2012 at 3:32pmDarn, there was more on each list, that didn’t print, so look it up for yourselves.
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oneshiner
Posted on November 17, 2012 at 3:45pmI looked it up again and printed the restaurants that support Republicans. There must be more?
estaurants
Pilgrim’s Pride Corp. (chicken) donated $366K, 100% went to Republicans
Outback Steakhouse donated $641K, 95% went to Republicans
Tricon Global Restaurants (KFC, Pizza Hut, Taco Bell) donated $133K, 87%went to Republicans
Brinker International (Maggiano’s, Brinker Cafe, Chili’s, On the Border, Macaroni Grill, Crazymel’s, Corner Baker, EatZis) donated $242K, 83% went to Republicans
Waffle House donated $279K, 100% went to Republicans
McDonald’s Corp. donated $197K, 86% went to Republicans
Darden Restaurants (Red Lobster, Olive Garden, Smokey Bones, Bahama Breeze) donated $121K, 89% went to Republicans
Heinz – Republicans- $64,000 ; Democrats- $21,300! John Kerry’s wife’s company!!!
Travel
Marriott International $323K, 81% went to Republicans
Holiday Inns donated $38K, 71% went to Republicans
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OlderCowGirl
Posted on November 17, 2012 at 6:14pmHey Colorado…it’s not just Colorado that the Californians have ruined…they began moving by the bunches to Oregon during the early 70′s. Mostly because California was being invaded by Mexico.
Look at that small neck of the very top of Oregon, near the coast, next to Washington State. That small little area on a voting map is blue…liberal/progressive etc. The Portland area is the majority of Oregon’s population: liberal/conservative/gay/ennvironmental folks thanks to the mass move from California (10% land mass).
The remainder of Oregon is red conservative (90% land mass). We are loggers, ranchers, farmers, native americans, and fishing folks. I was born in Southern Oregon 65 years ago. Oregon had the very best schools until the environmental folks locked up our lands from logging. Our schools were funded by the logging industry. Not now. And now our schools suffer.
I suppose it’s our fault that we let all these wimpering folks move here and change everything. The same is happening to America today by letting the muslims move in and change things. America will lose it’s former self…just like Oregon did. There is a saying…never let the snake into the garden (translate that to serpent). Real snakes are actually good for the garden.
Now that Obama is re-elected…our fate is looking dim. Only God can save us now from the tyranny. There are more of them than us…the majority of people believe in Socialism/Communism/Marxism, etc. Sad…
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ronnie8365
Posted on November 17, 2012 at 6:40pmI’ve always said liberals are like locusts. They start out in a state with sidewalks “for the children” by the time their done they are Detroit or New York and they can no longer live there because the idiots have taxed themselves so much. What happens???? They move to a state that has been run correctly and like locusts start devouring it….So look out Texas!!!! The locusts are coming!!!
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chrinortay
Posted on November 18, 2012 at 8:59amCathouseumbrella, why lie? Texas does not have the third highest debt in the nation. You liberals will make up anything. Texas is not even in the top 10. Try telling the truth once in a while. It feels like freedom. http://www.usgovernmentspending.com/state_debt_rank
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fair2light
Posted on November 18, 2012 at 9:55amCali will blame Republicans, as will obama, it’s all they have. I say who needs excuses when you have somebody to blame.
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boncarbo7
Posted on November 18, 2012 at 11:20amWe moved from Calif. in 2003, due to the high cost of living and taxes, we moved to Colorado, the taxes are low, but the cost of living, while much less than Calif. is still pretty high, and we can thank the federal government for that. California is one of t he most taxed states in the Union, and with all the liberals in charge they will never be the once great state to work and live in, and if Colorado doesn’t change its outlook and the get control of t h e liberals, i.e. the Salazar brothers, we will look like Calif.
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kaylareneefox76
Posted on November 18, 2012 at 12:05pmAs soon as I have the chance, I’m going to wheel myself out of CA and move to my home in Texas where people won’t push a Christian gal down. Pray for a way please. Thank you & God Bless you all. Fox out!
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noczars
Posted on November 18, 2012 at 12:49pmFor all Californians I know, We are SOoooooo Sorry. At first we wanted to move to Colorado to get away from California, but now we know all the elites that moved from here moved to Colorado, Montana, and even Austin, TEXAS. Sad
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Max_80919
Posted on November 18, 2012 at 5:25pmI’ve lived in CO for 29 years. TABOR helped to save CO from the 2008/2009 economic crash and helped keep spending in-check. Now the locust and grasshoppers that have invaded CO ar doing all they can to turn CO in CA where they already trashed. Prior to Udall and Bennett, and we had the most conservative senator for 2 terms: Wayne Allard. Now, I see Udall already campaigning for 2014 as the energy advocate. Makes me sick what he and Bennett are doing. CO, another fine state has fallen to the incurable disease of liberalism.
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Max_80919
Posted on November 18, 2012 at 5:26pmBTW, I use to have a ’68 Firebird. Man, I miss that car!
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BadDog40
Posted on November 19, 2012 at 9:17amYou are so right. We are finding that many that have moved to TN. immediately want to implement a bunch of the horse pucky that caused them to move here in the first place. No kommiefornians wanted here.
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TheePolitinator
Posted on November 16, 2012 at 11:29pmI say let the ignorant liberal commies stew in their soup for decades. they wanted it, so give it to em!!!
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sillyfreshness
Posted on November 16, 2012 at 11:36pmYup, let California and those PC liberals fall. And after it does fall, boarding states like Nevada, Oregon, and Arizona need to block off all roads and set up machine gun nest to prevent any of those PC Californians from escaping and ruining other states with their liberalism. They brought all their problems upon themselves, so they need to fix it themselves. They let in all those illegal Mexicans into their state, actually invited them in, so they could pillage that taxpayers. Let California rot.
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repairsea
Posted on November 16, 2012 at 11:53pmWhen I was in college, I worked as a CA tax collector. Those in power who violated tax laws tried to have me fired for enforcing the tax code and levying their bank accounts. Those same people in power will never pay this 50 plus percent. Look at how many Hollywood celebrities owe the state of California millions. They will just ignore the bills and have a politician take care of it for them. Look how many politicians don’t pay their taxes.
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TheBurningTruth
Posted on November 17, 2012 at 12:04amRegarding those hypocritical hollywood multi-millionaires, consider this: state taxes are levied on the income earned IN THAT STATE. That means when a hollywood hypocrite films a movie shot in a different state that they pay NO CA state income tax. Of course, they push for higher taxes on “the rich” in CA, but they NEVER pay it. All they have to do is NOT make a movie there.
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Keatonc333
Posted on November 17, 2012 at 12:30amIf you read the article it says california could have a surplus by 2014… im not sure who’s stewing for decades with that projection…
MajorMolly
Posted on November 17, 2012 at 7:21amAgree. California made the mess & they must keep it. They keep sending Nancy back to Congress. For that alone, I despise them. NO BAIL-OUTS !! Wait, BO? Bail Out — Barry Obama, coincidence?
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MDECKER
Posted on November 17, 2012 at 10:53amFor as long as I can remember, people from California told everyone that they should be more like them. What, Losers? Let the Mexican Government worry about those that reside in the land of fruits and nuts.
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Git-R-Done
Posted on November 18, 2012 at 8:34pmKeaton – And you’re dumb enough to believe that CA is going to have a surplus, LOL.
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Jenasus
Posted on November 16, 2012 at 11:15pmLegalize marijuana in the USA and California will be back in black in a heartbeat.
You are not free if you can not smoke weed.
Marijuana is not a drug. Drugs are man made.
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Beachmastermax
Posted on November 16, 2012 at 11:24pmYou can’t tax a weed dufus. Toke up another one.
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Bobj_1960
Posted on November 16, 2012 at 11:26pmDrugs are man man. What about digitalis (foxglove), aspirin(white willow bark), penicillin (bread mold), opium (poppies poppies poppies), and a host of other drugs that occur naturally?
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Beachmastermax
Posted on November 16, 2012 at 11:29pmYou can’t tax a weed D*fus. Toke up another one.
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raiderglenn
Posted on November 16, 2012 at 11:53pmBOBJ, don’t try and use facts on a dope-smokin *******! facts are to ******** what kryptonite is to superman…
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repairsea
Posted on November 16, 2012 at 11:55pmRead the history of the Opium Wars in China before you roll another.
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Psychosis
Posted on November 17, 2012 at 12:05amwow your D U M B
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Jenasus
Posted on November 17, 2012 at 12:10amPlant a seed and grow some weed. Let it dry and get high.
Will someone that is in their right mind tell me what is not natural about marijuana.
Marijuana is not a drug! Drugs are are made by man.
I am going to buy a pound of weed in California and start growing it in Arizona and selling to my buds in Iowa.
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Keatonc333
Posted on November 17, 2012 at 12:31amAgreed completely! and yes you can absolutely tax a weed…
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Keatonc333
Posted on November 17, 2012 at 12:39amBobj of all your examples.. only one is illegal.. and though i would agree some natural things are dangerous.. i.e. arsenic. Weed is definitely NOT one of them! I mean if you look at the death tolls marijuana is safer than aspirin! being as marijuana has never in the history of man killed some one. plus yes you can tax it! very easily. as an occasional pot smoker I would much much rather go get some at a gas station then have to grow it and treat it myself so 4 months later i can get high. plus legalizing it would take a ton of money out of the hands of the Cartels and street gangs.. and add to that the over 1,000 topical uses of the cannabis plant! like clothing, paper, countless medical uses etc etc. i see no reason for it to be illegal!
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Keatonc333
Posted on November 17, 2012 at 12:41amand psychosis… it should read “wow YOU’RE dumb” if your going to insult ones intelligence at the very least spell 67% of your insult correctly…
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KIWL-DA-WABBIT
Posted on November 17, 2012 at 1:58amMJ was made illegal because the BIG companies like Dupont did not and could not compete with a far cheaper and far better natural hemp, made by GOD. So they caused it to become illegal so they could sell their polyester crap!!!
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dosdelgados
Posted on November 17, 2012 at 2:05amOh, Keaton…it should read “if YOU’RE going to insult one’s intelligence…”
If you’re going to nitpick someone’s grammar, better check your own glass house first.
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Eastinfection
Posted on November 17, 2012 at 6:52am“Weed” is slang when it comes to pot. Any plant that is planted intentionally ceases to be a weed…
Cultivating high quality marijuana is very time- consuming and takes a fair amount of botanical knowledge.
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DEMOCRATS.ARE.EVIL
Posted on November 17, 2012 at 8:09amWould legalizing marijuana help California’s financial situation? Maybe in the short term. But, California already suffers from a population of freeloaders with no work ethic, living off the public dole. I’m not sure adding a few million semi-conscious Cheech and Chongs is going to help.
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pdw
Posted on November 17, 2012 at 10:44pmThe first drugs were herbs until they started to manufacture them as substitutes. The Chinese, as well as the American Indian used herbs for many cures long before they created them in the labs. They still do plant research to find and create better substitutes than what is now available by way of the drug companies.
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DisgustedinUSA
Posted on November 16, 2012 at 11:10pmCalifornia is full of Dems. Its obvious that Dems have NO idea how to run a country, or a state!!
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oldguy49
Posted on November 16, 2012 at 11:24pmand they just started up cap and trade…………its going to get real ugly
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@SoquelCreek
Posted on November 17, 2012 at 12:40amEven the California State Treasurer, Bill Lockyer, a career Democrat, agrees with you.
Here’s a snippet from his tirade to the California Legislature back in October 2009.
http://soquelbythecreek.blogspot.com/2010/02/california-treasurer-lockyer-scolds.html
“In an era when we aren’t going to have tax increases, give it up. Figure out how to be more efficient about spending the money we’ve got.
…
“And the Republicans can help you do that if they’ll get off the philosophical ‘can’t’ about stuff and help you make things more efficient. They actually, culturally know more, and occupationally know more, about efficiencies than Democrats typically do.”
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Keatonc333
Posted on November 17, 2012 at 12:43amdo I need to list the number of red states that are up to their eyes in debt?
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SUNTZU
Posted on November 17, 2012 at 1:06amOLDGUY49
If they get crap and trade WE won’t have any $h!t left
Olderguy60
what,cap and trade…Nevermind
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Chinishque
Posted on November 17, 2012 at 6:22pm@Keaton…go ahead and I will show you the Democrats behind it! Red states have liberals too ya know!
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@SoquelCreek
Posted on November 17, 2012 at 6:38pmKEATONC333, Here’s the list of the ten most populous states and their debt loads. The chart is courtesy of the California State Treasurer, Bill Lockyer.
http://www.twitpic.com/b0i4ia/full
My annotations are in color. Note that California has the lowest overall credit rating among the top three credit rating agencies, although Moody’s recently moved Illinois to below California.
California, Illinois, and New York all have heavy debt load. New York’s is the highest, but New York also has a better credit rating than California.
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Shaqfuey
Posted on November 16, 2012 at 11:09pmThe idiots in Sacramento ignore that many businesses will continue to flee the state and their unfriendly business climates. I’m certain scores of individuals (myself included) will seek out career opportunities in other states as well. This town (and state) is draining the life from its citizens.
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RepubliCorp
Posted on November 16, 2012 at 11:23pmA nice guy would stay and pay for all those illegal babies
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USA5
Posted on November 18, 2012 at 2:03pmIt is really obivous here in Californya….Sacramento, Gov. Brown, city gov…all want to give Ca back to mejico… I wish they would just declare it and stop pretending they want to make it business friendly, solve deficit, fix infrastructure…Stop Pretending.
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HaroldHeard
Posted on November 16, 2012 at 10:53pmI pray they move to any of the following city’s New York, Illinois or Connecticut but what ever they stay out of Texas we want to keep our state extremely conservative
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vennoye
Posted on November 16, 2012 at 10:58pmAmen!!!!!!!!!!
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Bluebonnet
Posted on November 16, 2012 at 11:07pmIt’s because those dam yankees keep coming to Texas and won’t go home. Go Home.
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silentwatcher
Posted on November 16, 2012 at 11:13pmthe richest state in the Union…..was sucked dry. Now, you want to raise taxes instead of controlling your spending. You never learn.
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TSUNAMI_22
Posted on November 16, 2012 at 11:24pmWhat about us Texans that were born in CA by accident?
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henryKnox
Posted on November 16, 2012 at 11:26pmAgreed! Conservatives welcome, progressives we think California is your utopia.
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mexneck
Posted on November 17, 2012 at 12:12amAmen, Kalifornians I hear that Washington state and Oregon are not as far gone as your state and they have legal weed. Head North 49ers. Texas has had a drought for the last 20 years and all we do is swill beer and shoot anything that moves in the yard for fun. You won’t like it here.
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Keatonc333
Posted on November 17, 2012 at 12:45amTexas is currently $287 Billion in debt
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Despiser25
Posted on November 17, 2012 at 2:34amMy G-Grandaddy came to Texas in the 1840′s. His name was Texas Billy Thompson for gawds sake. Just because my G-Pa came to Cali in the 1920′s and Ive never stepped foot in Texas doesn’t mean my family isn;t Texan at heart. Dont be hatin on the last few Conservatives that have stayed in Cali. We fought a brave fight but were over whelmed by Libturd stupidity.
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LostInTheSpin
Posted on November 17, 2012 at 4:31amHarold, I don’t know what you heard, but Texas is no longer conservative…unless you were talking about socially, then yes. It isn’t the belt buckle for the bible belt for nothing.
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servant100
Posted on November 16, 2012 at 10:50pmSeriously…does ANYONE give a tinker’s damn about the Ship of Fools anymore. Personally I would give my vote to California for the “state most likely to slip into the ocean and nobody would know or care…” award.
Honestly…don’t you ever get tired of wining liberal crybabies who blame everyone else…when they begin to reap what they have spent so very many decades sowing.
To the winey babies from the Sunshine state…GROW UP, TAKE THE PATHETIC MESS THAT YOU HAVE CREATED FOR YOURSELF….SUCK IT UP, TAKE THE ECONOMIC HITS, THROW OUT JERRY BROWN and all the liberal environmental communists running your worthless People’s republic….and STOP WASTING OUR TIME ASKING FOR OUR MONEY TO SUPPORT YOUR STUPID INANE SOCIAL ENGINEERING PROGRAMS.
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Marci
Posted on November 16, 2012 at 11:00pmPeople always say the governor doesn’t understand…..oh, yes he does. He is pretty confident that Obama will bail him out on the back of the other states.
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Bluebonnet
Posted on November 16, 2012 at 11:27pmHey, I lived in California YEARS ago when it was a good state. When I go back to visit, I can’t wait to leave. Years ago, I worked for a boss who took Jerry Brown Sr. (the daddy) to lunch with a few of us young gals to make the old guys look good (I guess) but I did not vote for him.
I warned you guys in Cali not to vote for Jerry Brown Jr. a second time and you wouldn’t listen to me.
Just like our Nation……I begged almost, not to waste your precious vote on obama or we’d get more of the same and most likely worse……..well, it already sounds like it’ll get far worse than expected
You can always pray.
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Max jones
Posted on November 16, 2012 at 11:41pmBlue states get the gravy…red states get the shaft….watch. Vindictive Bah Rhak.
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CommonSenseTalk
Posted on November 16, 2012 at 10:44pm50% of nothing is better then 13% of a growing economy. The Unions in California will just have to start paying themselves. Come to Florida, 0% state income tax.
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TSUNAMI_22
Posted on November 16, 2012 at 10:53pm…..and all the humidity and Alligators you can handle :)
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Max jones
Posted on November 16, 2012 at 11:47pmI love Cubanas…..and strong coffee.
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circleDwagons
Posted on November 17, 2012 at 12:15amLet the yankees go yo florida ) Let’s keep the the real South clean. Don’t messwith Tex
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mercenary4freedom
Posted on November 17, 2012 at 12:57amNo no, we don’t need any more of them in FL, those misplaced fools have already done enough damage. Just look at Allen West’s area and the rest of south FL. Even SW Fl (Ft Misery, Naples, Venice) is screwed up from them.
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JohnD9207
Posted on November 17, 2012 at 5:14amPlease move to Florida and stay out of Texas.
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The_Florida_Man1987
Posted on November 17, 2012 at 1:11pmPanhandle of Florida is not that bad with idiots just keep sending them to south florida so they can jump back on their rafts to float somewhere else.
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ArchAnG3L
Posted on November 18, 2012 at 9:08amGators are good eatin and gives you some good target practice as well. ;o)
You have more freedom in FL then in CA by a long shot…
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2ndAkeepsmefree
Posted on November 16, 2012 at 10:44pmNow comes the bailout. We’ll all pay, spread the misery, that’s the socialist way…
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Keatonc333
Posted on November 17, 2012 at 12:47amDid you not read the article? California is projected to hit as surplus possibly as early as 2014..
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KIWL-DA-WABBIT
Posted on November 17, 2012 at 2:18amYeah and that little tap against the iceberg won’t sink this boat!
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Stelex
Posted on November 17, 2012 at 12:15pmKeaton……..did you not read the last line in the article? No body who knows anything believes that.
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@SoquelCreek
Posted on November 17, 2012 at 6:46pmKEATONC333, Now that California has the nation’s HIGHEST state income tax rates ***AND*** the nation’s HIGHEST state sales tax rates, I would hope that that the state would have a surplus even sooner.
CHART: California State Income Tax Rates and Proposition 30 Increases Compared to the MAXIMUM Tax Rate in 49 Other States
http://www.twitpic.com/a68drw/full
CHART: California State Sales Tax Rate and Proposition 30 Increases Compared to the State Sales Tax Rate in 49 Other States
http://www.twitpic.com/a68e2d/full
California’s problems have NEVER been that our tax rates are too low. The problem is that the state government has overspent and overborrowed. California state spending is near a record high, even after adjusting for inflation.
CHART: California State Expenditures (Inflation Adjusted to 2012 $)
http://www.twitpic.com/b4gf0x/full
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Delores at CH WV
Posted on November 16, 2012 at 10:42pmGreat, I can see Jerry Brown singing hymns as the state sinks into the Pacific Ocean.
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vennoye
Posted on November 16, 2012 at 10:57pmNope………..he will be singing “Sunshine and Lollypops”……..looking for unicorns and money trees…….
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Nevertakecandyfromsocialists
Posted on November 17, 2012 at 8:03pm@Vennoye
Up until this election, that isexactly the way I would describe all liberals. Now I think I was incredibly naïve and they (at least some) are the most cunning, deceptive, evil manipulators that have ever breathed air. They know exactly what they’re doing and have been working at it for decades. They don’t give a damn about anyone. People are merely pawns to be used for their own political gain and power.
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TSUNAMI_22
Posted on November 16, 2012 at 10:39pm“The California economy is turning around. Income taxes jumped last month, a sign of improving employment.”
~~~~~~~~~~~~~~~~~~~~~
Nonsense. Income taxes are a sign of higher taxes on income.
Is abject, slack-jawed stupidity something that’s transmitted by airborne means, or is it just in the food and water?
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BODYBAG
Posted on November 16, 2012 at 10:50pm“We’ve got to make a case to CEOs across the country that this is not the worst place to do business. It’s not. But we have to demonstrate that.”
Therefore lets demonstrate that by jacking taxes up even higher on business owners and entrepreneurs and create an even greater mass exodus.
Ivy League edumacations
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Smokey_Bojangles
Posted on November 16, 2012 at 10:39pmPass a $6-$9 billion tax for the Unions,while giving away free vee jay jay installations to the perverts who want them.Commiefornia is a loss cause.
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Chrison
Posted on November 16, 2012 at 10:37pmCalifornia wants to attract and retain business in the state. Let’s see…
1. Their tax rates are among the highest in the nation
2. Their environmental regulations are among the most restrictive in the nation
3. Their cost of living is among the highest in the nation
Yup! That will attract businesses to locate there!
LOL!
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blackyb
Posted on November 16, 2012 at 10:45pmThe dope business is all they will get and then dopers are not known to be trusted to work with zeal, let alone declare all their money they do make. Good luck with all that. We all may have to sucede to get rid o that leeching state.
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kettererbg
Posted on November 16, 2012 at 10:46pmWhy would you want to live there. If the ground isn’t shaking, it’s burning or land sliding or flooding. I know a guy that went through that.. When his house burned down and his car melted to the ground, he took the insurance money and moved back to Virginia where he came from. He said he he wouldn’t go back to that sh@@ hole. No wonder they smoke pot.
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tketterer
Posted on November 17, 2012 at 12:15amI have timeshare there and taxes are up on that even. I love going there for the weather, but must take as much stuff from az so I son’t have to pay the taxes. Might have to sell
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loneindividual
Posted on November 17, 2012 at 5:10amYou forgot the crap workforce, the growing crime, & the horrible environment for children.
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INTOODEEP
Posted on November 16, 2012 at 10:36pmAs an ex-resident of California all I can say is that their politicians are living in lala land. Everybody I know is bailing out of there, the ones that have’nt left yet are the ones that are stuck with real estate that has plummeted and can’t afford to bail. Beautiful place but overun by illeagles and stupid demo. politicians…!
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Winedude
Posted on November 17, 2012 at 1:27amAs a proud native, and still a resident of California, I’ll say good riddance to you sir. You weren’t happy here…good-bye. I made a good life here and wouldn’t want to live anywhere else. I’ve spent time living in Texas and now despise the place…it isn’t for everyone and neither is California. I can’t think of any of my friends who would want to leave, but I’ve been in a business that has very special roots here. Maybe if we raise the cost of living here high enough we can get rid of the Oakies that couldn’t get here fast enough the last time times were hard.
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RushEcho2
Posted on November 17, 2012 at 1:56amWe’re still here too.
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Fubared
Posted on November 17, 2012 at 9:17amWinodude
Sell your ripple to the food stamp crowd and be sure to give your serfs the proper mid day break as per orders from the state.
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oneshiner
Posted on November 17, 2012 at 11:49amHEY, WINEDUDE: I bet you’re Nancy Pelosi in drag.
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Chromo200
Posted on November 16, 2012 at 10:35pmI hope there will records to show much the rich Hollywood crowd will be paying taxes after the increase. It would be great if we could see Tom Hank’s return, or George Clooney, or any of the actors that think that higher taxes is a good thing.
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Shamrock241
Posted on November 16, 2012 at 11:01pmIt would also be interesting to see if they look for tax shelters, if so i would love to see someone up in there face yelling pay your FARESHARE.
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pamela kay
Posted on November 17, 2012 at 4:05amThey all have property in other counties and areas here in the US. Somehow I think they receive tax breaks for this. They have to stay part time in each , if I remember correctly. Am I right about this, does anyone know? I have a friend that owned a few McDonald franchises and lived here and in Florida and Switzerland. I took care of her animals off and on for years. She told me this several years ago. I am not sure exactly what it involved other than taxes.
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Gary_K
Posted on November 16, 2012 at 10:35pmbudjet surplus in 2014? Haha Haha ya right
Isn’t 2014 when all the gaybarryDon’tCare taxes hit? Are all those taxes going to California?
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BlazingPatriot
Posted on November 16, 2012 at 10:31pmHas California finally hit Bottom?
Is the Pope a Jew?
The only thing that can save CALIFORNICA is “The Big One” …..and of course, it won’t be San Andreas Fault, it will be Bush’s Fault!
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Joe75210
Posted on November 17, 2012 at 5:27amThat’s hilarious!!! XD
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ladyevidence
Posted on November 16, 2012 at 10:29pmMaybe CA would save some money if they would stop giving illegal immigrants free taxpayer-funded abortions.
http://www.fundabortionnow.org/get-help/medicaid#CA
http://achealthcare.org/health-insurance-info/pregnancy-insurance-information/
“Medi-Cal covers abortion.”
“You do NOT need to provide proof of citizenship if you are applying for Medi-Cal for Pregnancy.”
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TheBurningTruth
Posted on November 17, 2012 at 12:01amSeriously, it’s not the abortions. The LA school district alone spends over $1 Billion on the kids of illegals. The Demoncrats have made in-state tuition available to illegals, and then give them financial aid to pay for it! There are “professors” in the UC system that are La Raza members advocating taking the whole west back by over-populating the whites.
Illegals come in and declare 11 exemptions on their W-2s because the Feds start checking at 12. That means they don’t pay ANY taxes. Of course, they use the SSIDs of real people from all around the country and when you notify the SS Administration of they, the really don’t care.
No, the abortions are the least of if.
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taintso
Posted on November 17, 2012 at 12:19amCalifornia loves the illegals, any expenses incurred by illegals should be paid by the closest legal resident living near them, and forced sell of all properties if they have no money, then move on to next closest legal neighbor.
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chips1
Posted on November 17, 2012 at 10:59amSi. Si. Gracias, gringo!!!!
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ladyevidence
Posted on November 17, 2012 at 2:50pmMy favorite part of this post is how so many people in this topic love imagining everyone in CA paying for the decisions of a few.
Do you realize how many members of the military are stationed in CA? It doesn’t matter if we don’t want to live there, or if they are residents of other states. We have to live here and deal with a lot of the backlash of the legislation. We are not considered CA residents, so we cannot vote on residential measures, even when they effect us.
My husband has been stationed in CA for 8 years. His line of work cannot be done at any other base. When you laugh at what happens in CA, please remember that a good percentage of the military is stationed in CA, too.
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FloridaFarmGirl
Posted on November 16, 2012 at 10:28pmDear God, please don’t let these crazy people move to Florida, we already have enough crazy left wing loon Yankee types here. Please, please let them move any where else but to Florida. We are done!!! Let California go back to Mexico since they seem to like Mexicans and like to pay their bills so much!! Anywhere but Florida!!!!!
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cemerius
Posted on November 16, 2012 at 10:45pmI agree!! Of course we Floridians will be FORCED to help “bail out” California because we all “know” it’s too big to fail?!?!?…….
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cathouseumbrella
Posted on November 16, 2012 at 10:56pmlol. Speaking as a former resident of both states, Florida is a dump. I doubt anyone used to California’s natural beauty and diversity of culture would have much of an interest in moving to such a featureless, backward, unpleasant cultural wasteland.
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cathouseumbrella
Posted on November 16, 2012 at 11:02pmCEMERIUS: Florida is a “taker” state that sucks more from the country than it gives back. California actually produces more than they get in return. They (and many of the rest of us) have been bailing YOU out for years while all you people do is squander resources and screw up elections.
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Zwolle
Posted on November 16, 2012 at 11:34pmIF, and I mean IF Florida is a taker state as you claim, I bet it’s mostly likely due to liberals and social programs.
Z
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repairsea
Posted on November 16, 2012 at 11:47pmDear God, Let my prayers be heard instead of the Floridians. Please move them somewhere else take the whole Hollywood stink with them so I can get my state back. Amen. PS and give them Darrel Steinburg, Boxer, Pelosi and Feinstine, too. Amen.
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Farmhand82
Posted on November 17, 2012 at 4:37pmSorry Cathouse, but California has an absurdly high per capita federal welfare draw. And it’s economic success is due largely to it’s location, being the countries main gateway to the Asian market, which in case you haven’t noticed, makes most of our stuff. Claims that California is bailing the rest of the country hasn’t been true for probably half a century.
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grayling646
Posted on November 16, 2012 at 10:27pmDon’t you just love false hope?
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DZ-015
Posted on November 16, 2012 at 10:24pmCalifornia, here we come! Let’s see how things go over the next four years.
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rickc34
Posted on November 16, 2012 at 10:34pmWhen Gray Davis Democrate was Govener of California we lost so many business because of tax rates .now here we go again.
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ODB1111
Posted on November 16, 2012 at 10:23pmLibs will never figure it out,like pigeons they make a mess of where they live and move on. If I lived there I’d be gone yesterday
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cliKKer
Posted on November 16, 2012 at 10:22pmDance band on the Titanic
Sing “Nearer, my God, to Thee”
The iceberg’s on the starboard bow
Won’t you dance with me
Mama stood cryin’ at the dockside
Sayin’ “Please son, don’t take this trip”
I said “Mama, sweet Mama, don’t you worry none”
“Even God couldn’t sink this ship”
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KevINtampa
Posted on November 16, 2012 at 10:21pmSomeone needs to tell that guy that California should strive to be the best place to do business, not the “not the worst place” for business. Else all the best CEOs will certainly go elsewhere and you will only attract the “almost but not quite the worst CEOs” and have a bunch of failing businesses…
Someone really needs to re-educate the so called political business minds out west. What a bunch of morons…
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blackyb
Posted on November 16, 2012 at 10:43pmThey like to smoke dope and have no motivation to work. There stupidity is spreading to other states and they will have the same problem. Dope is not conducive to being the best one can be. They like being cool and appearing not to have a care in the world while mooching off everyone else. Somone sold that bunch a bill of goods.
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truebluepatriot
Posted on November 17, 2012 at 1:41pmTo BlackyB
You mean like our Dear Leader?
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Snowleopard {gallery of cat folks}
Posted on November 16, 2012 at 10:18pmNot going to happen, they keep approving heavier taxation and businesses are fleeing left and right; how soon will the collapse hit CA and they scream to the Fed’s to bail them out in exchange for their total surrender of state rights to Obama?
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Al J Zira
Posted on November 16, 2012 at 10:58pmCalifornia won;t collapse on Obama’s watch. The feds will keep bailing them out until a republican wins the Oval Office. Then the collapse will take place and they can place the blame on the feds.
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Eastinfection
Posted on November 18, 2012 at 11:31amCalifornia already hit rock bottom in 1988 when Warrant and Winger were signed to multi-album contracts.
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USA5
Posted on November 18, 2012 at 1:51pmThe obam will not bail out Californya…dictator wants a weak West coast, easier to conquer.
CA is in a downward spiral of no return. With latest prop 30 it self-sunk itself…plus Liberal CA should be embracing obamcare, it will be the lifejacket that doesn’t inflate.
I want pictures of Hollywood stars as they pay 50% income taxes
And illegals(fake amnesty) paying income taxes and obamcare reducing their full time work week to parttime.
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