Posted by
rycK on Tuesday, March 10, 2009 12:52:17 PM
California Gets a Temporary Reprieve
from the Financial Abyss: The Leftists will NOT Stop Spending.
Abstract: California is finished as a
society. First they ‘solved’ their budget problems with a ‘compromise’ then they
succeeded in mooching federal stimulus money from the taxpayers of other states
so they can spend another year in their practices of sloth, sodomy and drug
addiction. This was a great achievement for the Golden State. They bawled and the
money flowed. They will resume begging next year when they waste this 2009 ‘stimulus’
money. Maybe we should have another and bigger ‘stimulus’ plan next year and
give Californians more money so they don’t have to cut spending. This is
socialist economic logic in action. They world needs to watch this closely.
Many lessons can be learned from their impending decent into the financial
maelstrom.
Preamble
from a previ9ous blog: “California is a critical test case for the world to
watch
and test the theorem: if a place that
large can crash fast enough in a suicidal financial maelstrom then observers
might learn something useful from the process. It is clear that the cretinic
subculture that produced the idiot socialists and Marxian droolers and elected
them and endowed them with political power so they could strut and squeak and
hop and clap in Sacramento has succeeded in producing a nest
of monsters. The usual words required to describe the leftists in California [like pervert, loser, druggie and
imbecile] no longer suffice to offer an adequate description of these beings.
We probably need to barrow some new words from the rodent or insect worlds to
study and discuss their antics. Simply stated, they will not accept any financial responsibility
for their wild social spending. They intend to tax and spend until oblivion comes
and then beg money from Washington. I saw behavior like this in the
60s when many ‘students’ could lay around for years, smoke dope and copulate
with any creature in sight because they had a ‘sugar daddy’ who would pay the
bills. They wanted to change the system then. They have succeeded.”
Here is their problem:
They have
a 104 bln
dollar budget and a looming 42 bln dollar deficit. The state laws state that
they need a 2/3 majority to pass spending and taxation laws and the Republicans
were holding out. They finally settled on some ‘compromise’ and agreed to make some cuts and were to
borrow about 11 bln to balance the budget. Now California gets 51.7 bln in bailout monies from Washington.
This gift includes 18 bln in general revenue walking around money.
This should fix things? Yes? NO!!!!!!!!!
But, they still have a problem:
It seems that
borrowing money means that it must be paid back in the future some time. This notion is sociologically unsound, but a
current fact in our temporary financing system. This must be some form of
esoteric racism or seditious capitalism or both. Why borrow when some Sugar Daddy will give you money
for fun and drugs?
“"We don't want the governor and the
Legislature to think their work is complete for the upcoming fiscal
year," Chiang said. "We have a huge question mark in
the month of July."
The reliance of last month's budget deal on $11.4 billion in borrowed funds creates
the possibility for a crisis "on much more of a grand scale than the one we just endured,"--State
tax refunds on way, but new crisis looms
by Wyatt Buchanan, John Wildermuth, Chronicle Staff Writers Saturday, March 7,
2009. [Emphasis is mine in all quotes.]
“"We will still have troubles ahead," he
said. "But it's good to be making these delayed payments and to have this
issue in our rearview mirror."-- John Chiang.
Now, we stand aghast as we read all this.
The elected officials had a wonderful
time in Sacramento in a locked-down session with Arnold ticking off the days in
front of the TV camera and then came up with a ‘compromise’ that included some cuts, higher taxes and loans and now they will get 51 bln in my tax monies and we are still in trouble??
But, why
can’t they just use the new free 18 bln to trade off the
spending, have 4 bln for new spending and the budget will be balanced until
July 2009 when the haggling starts all over again? What? Obama is not going to have another
‘stimulus’ program in 2010? They may offer 60 bln this time!! Why not
just borrow on the 2010 stimulus gift now and spend it on more social programs
and then bawl for 100 bln in 2010? The Fed can
just print more m0ney any old time.
Get out of California as soon as you can. This place is insane. They deserve to
be a central part of the European Union. Is it too late to sell California to France for Russian or some
neat place?
rycK [a 5th generation Californian
in exile]
Comments
to: ryckki@gmail.com