Jerry Brown Cutting California's Debt

Jerry Brown Cutting California's Debt

Posted in the Chico Forum

Tea Party Solution

Chico, CA

#1 Feb 10, 2014
When Jerry Brown became governor a few years ago, Schwartznegger had left him a huge mess. We had double digit unemployment, a 26 billion deficit, and were 35 billion in debt.

But Brown, and his Democratic controlled congress, has begun pulling us out. They've used cost cutting AND more revenue to zero out the deficit and start paying down our debt.

http://www.rollingstone.com/politics/news/jer...

"California was a punch line for Republican politicos – a cautionary tale, they said, of the fate that awaits the nation should it embrace Left Coast-style economic, social and environmental liberalism. On the campaign trail in 2012, Mitt Romney joked that "America is going to become like Greece, or like Spain, or Italy, or like . .  . Califor nia."

"Jerry Brown's leadership is a rebuttal to the failed policies of Republicans in Washington," says Neera Tanden, president of the Center for American Progress. "California is proving you can have sane tax systems, raise revenues, eliminate structural deficits and have economic growth."

I'm happy to be a Californian. Go ahead and move to Texas or W. Virginia. Please do. I'll stay here.
GRANDPA NICOLAI

Paradise, CA

#2 Feb 10, 2014
>
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Great post SOLUTION.

Can't wait for LOCO's, SOCIOPATH's or the TWerP's idiotic rebuttal...
lies from teepee

Lakeport, CA

#4 Feb 11, 2014
More lies from lil teepee.
Here is the truth about our state of Calif.
Ranked the WORST run state in the nation for 3 years running.

#50 Worst: California

Debt per capita:$3,990 (20th highest)
Budget deficit: 27.8 percent (3rd largest)
Unemployment: 10.5 percent (2nd highest)
Median household income:$58,328 (11th highest)
Pct. below poverty line: 17.0 percent (18th highest)

For the third year in a row, California is the worst-run state in America. California faced a nearly $24 billion in budget shortfall in fiscal 2012, including a mid-year shortfall of $930 million and $8.2 billion carried over from the year before.

California carries an A credit rating from Standard & Poor's, and an A1 from Moody's -- both worse than any other state except for Illinois. Explaining its rating, Moody's pointed to the state's history of one-time solutions to resolve its budgetary gaps. It also noted the state's "highly volatile revenue structure," due to its over reliance on wealthy taxpayers. The Golden State was also among the worst states in the nation for educational attainment, health coverage and unemployment.
http://money.msn.com/investing/americas-best -...
Tea Party Solution

Chico, CA

#5 Feb 11, 2014
Loco's link in his above post led to nowhere. But it looks like it's several years old. But over a few short years, California dems and Jerry Brown have improved our economy considerably from the mess that the governator left us in.

From the LAO-- California's non-partisan budget analysts-- in November, 2013:
http://www.lao.ca.gov/reports/2013/bud/fiscal...

"In 2013, the Legislature and the Governor agreed to a restrained state budget for 2013–14, and our forecast of state tax revenue collections has increased since last year. Accordingly, we now find that California’s state budget situation is even more promising than we projected one year ago.

The state’s 2013–14 budget plan assumed a year–end reserve of $1.1 billion. Our revenue forecast now anticipates $6.4 billion in higher revenues for 2012–13 and 2013–14 combined. These higher revenues are offset by $5 billion in increased expenditures, almost entirely due to greater required spending for schools and community colleges. Combined with a projected $3.2 billion operating surplus for the state in 2014–15, these factors lead us to project that, absent any changes to current laws and policies, the state would end 2014–15 with a $5.6 billion reserve."

So this official study shows that revenue is currently more than expenditures-- giving us a projected surplus over the next few years.

In 2010 we were dealing with Schwartenegger's 20 billion dollar deficit. He was cutting spending-- but NOT increasing revenues.

California voters actually passed a tax bill-- Proposition 30-- which helped our revenues considerably, and now we're getting a surplus instead of a 20 billion dollar deficit.

Cost cutting AND more revenue-- Tbaggers in congress should take note.
Local

Lakeport, CA

#8 Feb 12, 2014
Here try this one lil teepee....it's more your style:

The Worst-Run States In America: 24/7 Wall St.
http://www.huffingtonpost.com/2013/11/24/wors...

#50 Worst: California

Debt per capita:$3,990 (20th highest)
Budget deficit: 27.8 percent (3rd largest)
Unemployment: 10.5 percent (2nd highest)
Median household income:$58,328 (11th highest)
Pct. below poverty line: 17.0 percent (18th highest)

For the third year in a row, California is the worst-run state in America. California faced a nearly $24 billion in budget shortfall in fiscal 2012, including a mid-year shortfall of $930 million and $8.2 billion carried over from the year before.

California carries an A credit rating from Standard & Poor's, and an A1 from Moody's -- both worse than any other state except for Illinois. Explaining its rating, Moody's pointed to the state's history of one-time solutions to resolve its budgetary gaps. It also noted the state's "highly volatile revenue structure," due to its over reliance on wealthy taxpayers. The Golden State was also among the worst states in the nation for educational attainment, health coverage and unemployment.

and btw lil liar teepee. The analysis was finished Nov. 28, 2013, and the articleis jan. 2014.

Here is some more bad new for calif.

Most of the worst run CITIES in America are in...wait for it.....here it comes.......you guessed it..........Ca.

http://www.huffingtonpost.com/2014/01/04/wors...
Tea Party Solution

Chico, CA

#9 Feb 12, 2014
Local wrote:
For the third year in a row, California is the worst-run state in America. California faced a nearly $24 billion in budget shortfall in fiscal 2012, including a mid-year shortfall of $930 million and $8.2 billion carried over from the year before.
The analysis was finished Nov. 28, 2013, and the articleis jan. 2014.
l
The analysis is based on 2012, NOT on 2013. Brown took office in 2011...

Republican Schwartzenegger left Jerry Brown with a huge debt and a huge yearly deficit. Over a few short years Governor Brown has largely eliminated the yearly deficit, as shown by the non-partisan study I linked to in an earlier post.

He's done this by cutting spending and by raising taxes on the wealthy-- which has made both dems and repubs mad at him. The dems don't like the extreme cost cutting, and the repubs don't like the taxes.

But Brown IS getting our fiscal house in order. That is a fact. Read that link I provided and try to disprove it.

"The Governor attributed the positive shift to new taxes approved by voters in the November elections, as well as steep budget cuts, adding that the cuts were triple the amount of the tax increases. Brown singled out the recession, overspending and ill-advised tax cuts under previous Governors as reasons for the state's past financial struggles."

http://www.bizjournals.com/sanjose/news/2013/...
Local

Lakeport, CA

#10 Feb 12, 2014
Ya, ya, sure lil teepee.
Your bad habit of selectively putting lipstick on pigs is very annoying at best. The real truth is that you are downright obnoxious.
You scream about the expert scientist analysis in regard to man made globl warming and then totally disregard the financial expert analysis in reagrd to the state o our state.

The analysis inlcudes projected budgets as well.
and btw, the unfunded pension/healthcare liabilities for public employee unions were held off by a combination of severe state robbery from Ca. cities, counties and special districts, the state money grab of redevelopement funds, and the evil doers on wallstreet.
Ya that's right lil teepee....if the stock arket tanks, Calpers/Calstrs/UCR will not be able to fulfill its pension obligations.

Here...educate yourself..........u naive dope.

:Stanford University: Pension Costs Squeezing State Budget

“California’s public employee pension problems are well documented. Even under the most optimistic assumptions, the funded ratios for CalPERS, CalSTRS, and the University of California Retirement Plan (UCRP) fall well below accepted standards. Yet there remains little appetite to address the magnitude of these problems, and recent official proposals produce only limited results.”

Read the Full Report Here

http://www.fixpensionsfirst.com/2011/02/littl...
lipstick on a pig

Lakeport, CA

#11 Feb 12, 2014
Teepee would like folks to believe that the tax and spend democrats running Sacramento are doing a good job.
Not so. Read the "worst run states in America"
calif. is dead last....THE WORST.

http://www.huffingtonpost.com/2014/01/04/wors ...
Lipstick on a pig

Lakeport, CA

#13 Feb 13, 2014
and then of course, there is the release of 52000 dangerous criminals from prison(realignment in an attempt to save money in our hugely expensive state prison system.
As is the habit of our liberal state government, Jerry Brown and his gang sent these 52000 "big house" criminals back to the counties where they committed their crimes......but there was a problem....the county jails were over crowded as well.
Sooooo, the counties were forced to release these criminals into the general population.

What is Public Safety Realignment?(AB109)
Introduction
Realignment is the shifting of thousands of inmates from state prison to county jails. Approved by legislative Democrats and signed by Governor Brown, realignment makes fundamental changes to our prison system and takes effect on October 1, 2011.
http://arc.asm.ca.gov/cacrimewatch/...

The end result has been an explosion in crime across the state, but new reporting rules on crime instituted by Brown allow offenses like burglary and assault to go uncounted in the crime statistics.
So if you have been the victim of a crime recently, deal with it.
It really doesn't matter to the liberal fools in Sacramento if you were robbed or beat up (or both)because they saved a few bucks at the state level by dumping on the rest of us.
The irony is........the cost of our state prison system has in fact gone up due to salary/pension/healthcare increases for the powerful prison guard union.

Our beloved state is in very big trouble.

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