Posted by
rycK on Tuesday, November 10, 2009 3:23:49 PM
The Good Folk Jump
Off of California’s Sinking Ship Leaving it to the Leftist Rats
Many
local newspapers try to emulate the New York Times [the NYT—aka the Walter Duranty Papers--a
turn-of-the-crank Marxian siren] in their zeal and Sturm und Drang to ‘educate’ the wandering
masses as to their proper role in society. The Bees in California scrounge around for some identity
and participation in politics and society and do their little bit to
propagandize the news and encourage Californians not to leave but to embrace
socialism. All social problems can be
solved with either large quantities of high explosives [according to the
terrorists] or with soothing dollops of leftist persuasions and massive income
taxes or so we glean from recent history. We are encouraged when we are again
reminded that government is best when it is biggest. We can trust these good
souls to look out for us and even provide us the food stamps and some neat pot
for our government and entertainment.
Today’s
instant catastrophe is revealed to us in the form of a key resignation from the
government that threatens to tarnish the Golden Image of the Communist Pot State.
Good people are also fleeing the state?
Here is the alarm:
“Mike Genest, who announced recently that
he's resigning as Gov. Arnold Schwarzenegger's budget director, deserves a respite
after four years of dealing with the state's chronic fiscal crisis.
Genest is a genuinely nice guy, as
well as one of the few people who truly understand the state's tangled finances. "It feels
like a good time for me to step back from the day-to-day fray of things,"
he said.”—Sacramento Bee. Dan Walters: California budget boss jumps off before
train wrecks By Dan Walters [dwalters@sacbee.com]
Published: Sunday, Nov. 8, 2009
[Emphasis is mine in all quotes.]
There was
a lot of slobber on the keyboard when this piece was constructed from the
electrons California gets from Nevada and Idaho so as to proffer the illusion
that they are doing something about the smog problem that has been around for
5,000 years. Some of us have been following California’s descent into the Financial Maelstrom of Woe.
There is no hope if you look at the details. They will not cut spending.
The status:
“State revenues are running billions of
dollars below even the pessimistic estimates on which the
current version of the budget was based. Several of the gimmicks and unspecific spending
cuts in the budget, as insiders knew at the
time, aren't bearing as much financial fruit as advertised. Adverse court decisions
are torpedoing other cuts. Federal bailout money is running out. And the
economy remains moribund,
with unemployment likely to rise.”-- California budget boss jumps
State
revenues are falling for what reason? Oh, is it the psychopathic hatred of
capitalism and the drug-inspired intention of taxing away this social monster?
Are people either losing money or escaping this state and we can stare at the
stars and wonder if either of these factors contributes to lower tax revenues? This
report is as stale as it gets and is a mere sausage-machine squeezing of
third-hand maudlin mumblings. The problem here is ‘education’ and the concomitant
metastatic unionism that is wrecking the state with monumental taxes, enormous
spending on education and wild spending on social programs. Let us probe this
blurb for anything new that we didn’t already predict.
From a previous blog on Dec 14, 2008 and is offered as prophecy: It
was easy [and
still is!] to predict that California was heading for social and
financial oblivion: They
have no concern for a balanced budget. Their ability to reason and plan for the
future seems to depend on how many drugs they take. Their wild spending on
‘education’
and astronomically high salaries and benefits for the teacher’s unions and
state employees have bankrupted the state and produced a school system that
ranks with the worst known in the Western Hemisphere just one click ahead of Washington, D.C. Their Marxian teacher’s unions have
strangled the state in concert with the EcoNazis. The quest for tax money is now
insatiable. The CA budget ‘process’
was a circus in Sacramento last summer and the ‘compromises’ and calls for
spending cuts went unheeded so they floated some phony bond issue.
Their social insanity and solemn barrenness of morality and reason are
described in suitable [their] terms in this parody, written [in parody] by me:
They did manage to sooth enough suckers to buy their phony bonds in a wild
attempt to remain solvent until about Feb 2009,
but this is not working out as their bond rating resembles that of Somalia:
From the past:
“SACRAMENTO, Calif. (AP) — California's budget deficit will reach $41.8 billion over the next 18 months, potentially forcing the state to pay it
electricity bills and other expenses with IOUs if lawmakers don't solve the problem, Gov. Arnold
Schwarzenegger's administration said Thursday.”-- California sliding toward $41.8B budget deficit 12.12.08 [Emphasis is mine in all quotes.]
And this happened.
But hope shines through the
ugliest smog cloud and we can have look forward to relief:
“An educated estimate is that the 2009-2010 budget
is about $7 billion out of whack and that the 2010- 2011 version will have at
least a $10 billion gap between income and outgo. That's why Capitol insiders
are now talking about a $15 billion to $20 billion problem that Schwarzenegger and lawmakers
will confront when the Legislature reconvenes in January.
The options for dealing with
another big deficit, meanwhile, are shrinking.”-- California budget boss jumps
How about
the options of cutting spending and cutting taxes for small businesses who flee
California as the most hostile state in North American for business with the
possible exception of New Jersey?
Tax hikes are the only way:
“Schwarzenegger and lawmakers already have raised
income, sales and car taxes temporarily, and the heat that a few
Republicans took for voting for new levies, including a recall campaign against
one, likely takes more tax hikes off the table.”-- California budget boss jumps
What about spending cuts??
“At the same time, however, spending
advocates, such as public employee unions, are ramping up pressure on Democrats to resist more cuts.”-- California budget boss jumps
“That leaves spending deferrals, raids on other funds and bookkeeping gimmicks
– the sleight-of-hand that has been used too often to make budgets balance on
paper.”-- California budget boss jumps
If you defer debts do they need to
be paid back?? Not if Washington bails you out or some bankruptcy judge vacates the bond holder’s
rights.
Where is
the bawl for alms from Washington? Where is the new nostrum of
taxing dope at a mere 30% tax rate that will pay off the greedy unions? What is
the solution here??
“No wonder Genest is jumping off the train.”-- California budget boss jumps
Yes, no
wonder. Here we read a reasonably objective and accurate description of the
California Syndrome and find NOTHING that will give us any hope. Nothing. But, they are willing to spend more billions
on phony EcoNazi
programs such as CO2 elimination.
As the
dog returns to its vomit the left returns to lies, maudlin slogans and new tax
schemes.
Abandon all hope if you live in
California.
rycK [a 5th generation
Californian in exile]
Comments
to: ryckki@gmail.com
California has Sold enough Risky Bonds to
Stave off the Begging Session in Washington. We have been Spared!