mint.com — California's massive $26.3 billion budget deficit is a result of borrowing against anticipated future revenue to meet current budget requirements. Today, we look at the fallout of that decision and what it means for Californians.
Feb 15, 2010 View in Crawl 4
angelbunnyFeb 16, 2010
Even in the richest county in California you can easily buy a house and have 2 children with a combined income of $300k no problem.You may not necessarily own a mansion, have a yacht, a new car every other year, be able to retire at a young age, and many other things. But, I don't consider that as a requirement to live comfortably.According to wikipedia the average household income in this area is 86k a year which is the richest county in the entire country and that is far from 300k.
gizram84Feb 16, 2010
Proof of why an overprotective, progressive, high tax, liberty stealing, gun baning government does not work. Slash the budget by 50%. Slash 100% of all programs that don't have to do with humans (seal protection act? really California?). Cut every department by 50%. Fire 50% of all state workers. Eliminate the income tax completely for everyone including businesses. Make it illegal for the state to borrow any more money. Make it illegal to create a state budget that relies on projected income. Make legislature part time and make them take a 50% pay cut. Cut back on social welfare spending.Give individuals the respect they deserve. Allow them to take care of themselves. Stop acting like they are in capable of living their lives how they see fit. Stop taxing businesses to death.
angelbunnyFeb 16, 2010
This is the republican party we are talking about here. Look at the fed gov and how much worse it is there than just CA. Is this really not to be expected?Honestly, I'm not sure where the 3x money has gone. The roads are not better (worse), the school system has taken cuts, fire fighters have taken cuts, officers have been laid off/retired, and the prisons are still overflowing. Is the state, not the fed, paying for when people loose their job and house? I don't know where the money is going.
yetionajetskiFeb 16, 2010
This is all due to ballot initiatives. They let the public spend money wildly, while also making it impossible to raise taxes.The responsibility for the financial situation of any state ultimately lies with its voters, but in no state are they more to blame than California.
oldhickFeb 18, 2010
How silly. There are plenty of other people and other chances. We may ignore them too, but pretending Ron Paul is the only one with answers is ridiculous.