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California Passed a Budget!
What do you think about the new budget California has now passed?
Will the cuts affect you personally or anyone you know? --------------------------------------------------------------------- My thoughts: Finally! Since my mother is in education in California, I'm curious how the budget is going to affect her and her school district. I keep thinking "Thank goodness I'm no longer in that state," but at the same time I'm concerned about the people who live there and have to deal with the inadequate system. ----------------------------------------------------------------------- Here's an article from the New York Times about it: http://www.nytimes.com/2009/07/21/us...ef=global-home Quote:
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I notice that they didn't cut any elected representatives salary or expense accounts.
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I'm glad this has both new revenues and cuts, though it still seems imbalanced. Too many people were clamoring for only cuts, which in a situation as dire as ours is unreasonable. California needs to learn how to spend the money we have and that means making more money and spending less.
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Maybe California should get rid of prop 13. It doesn't make sense that 2 houses next to each other with the same value would pay vastly different amounts of taxes...
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I saw Arnold on the news today, he said that at the rate things are going California may have to bail out the federal government.
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Arnold has his Austrian Head Firmly Placed Up his Ass. The man is a weight builder & actor.
Someone with "super smarts" needs to be the Gov. in California - The most important State in the World - it's far too important to let someone who's not even a natural born American citizen run it. C'mon....does Arnold really understand World Policy or is he just another Hollywood puppet that stands in front of the Republican Party? /Like another tallking head/ as a popular "face" and a Yes Man? |
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Name another State in the USA that has more to offer, a higher GNP or more people per capita or more companies per square mile...
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I would define your parameters for answering this question. My recommendation would be to rate the categories of population, State Economy and produced goods and services (a state version of the GDP), fortune 500 companies, land value and accumulated personal wealth. This is off the top of my head, but I would lay those out, and most likely you'll come up with Texas, California and New York, with Florida being a close fourth. One more note, I would not think about individual companies and their impact on their states, only the broad numbers associated with that state. For instance, don't take Microsoft in Washington or Johns Hopkins in Maryland into consideration. Then you are getting into philosophy which is not measurable. |
FWIW, TX's GSP is nearly that of California with only 2/3 the population, the most F500 companies, and the greatest control over the O&G, petrochem, and power industries.
And it does so without 99% of the asinine laws. |
California will go bankrupt
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25 June, 2009, 20:42 California, America’s most populous state, has a projected $24.3 billion budget deficit for the coming year, and may start issuing IOUs starting next week. California’s fiscal controller, John Chiang, has called the state’s spending plan “massively unbalanced,” adding that the Golden State is suffering from a cash shortfall not seen since the Great Depression. Despite the deepening budget crisis, the California Legislature on Wednesday failed to pass a proposed $11 billion in cuts. The current problems are linked to a combination of a steep decline in revenue from income taxes, sagging retail activity and the drawn-out downturn in housing. The unemployment rate soared to 11.5% in May, a jump from 6.8% a year earlier. State authorities are planning drastic cuts on healthcare and education. Among other plans is the closure of 80% of the state’s parks, which will not only endanger the environment but also cost thousands of people their jobs. More of the same sad story: http://www.npr.org/templates/story/s...ryId=106852483 http://www.creditwritedowns.com/2009...-bankrupt.html http://www.mahalo.com/california-iou http://whiskeyandgunpowder.com/is-ca...oing-bankrupt/ |
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