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Discussion in 'The OT' started by phrelin, Jun 14, 2009.
From the Guardian/Observer long article Will California become America's first failed state?:
From this Sacramento Bee article:
And the State Controller issued this news release today:
Hmmm. Well we're on our way to the $34 billion shortfall I discussed in this post. The sales tax revenue in the first quarter of 2009-10 is distorted by the "Cash for Clunkers" program, of course.
From the LA Times:
And from the San Francisco Chronicle:
i work for a major 401k firm & needless to say we're really busy with folks calling us saying they've just been laid off & give me my $$$$$$$. The sorry thing is Obama said he was going to push for the 10% early withdrawal penalty to be waived for all of 2009, but it's yet to happen. I feel bad for the peeps i cash out when i tell them of all the tax ramifications, but they're still doing it because they don't have a choice. 7 out of every 10 that have been laid off as of late, per my charts, are calling from California. My friend lost his job in Anaheim last february & is still looking for a job. He's getting really worried as his unemployment benefits run out in feb/2010.
Fortunately, for my wife & I, her job transferred her in the spring of '06 to DFW and we were able to bypass all of this mess back home. Not as big of a hit here in TX, but there are folks struggling here to, but at least the unemployment rate isn't in double figures.............and no state income tax here & gas on average is .75 - .90 less per gallon.
Texas has a solid property tax that supports the things people need from government - schools, police and fire services, etc. Part of what you're saving on gas is sales tax, plus you save in income tax.
Californians bailed on their schools, police and fire services, etc. with Proposition 13. It was a weird bias that created a reactionary base of liberal-leaning anti-tax voters who support the progressive nature of California's income and sales tax structures. For some reason we think taxing people who make a lot of money and buy yachts will somehow effectively support schools in rural Southern San Joaquin Valley.
Most people don't realize just how far off the norm California's tax structure is. But the figures below for 2006 gives a pretty good picture:
In most states, that property tax revenue is controlled by school districts and local governments. Most of the rest of it is controlled by the least reliable group other than Congress, state legislatures.
I love The Republic of Texas.
And many times certain property based funding sources come up for public vote every few years in the forms of levies. If the pols aren't spending the money wisely, the voters take it away from them.
LA officials to unveil $437M police headquarters
From this week's TIME cover story:
Yes, Arnold is the embodiment of California - an aging actor whose image is everything and substance is not very deep. In the case of California's economy, we do have a problem and the promise of California I knew in 1960 is over.
Even a body-building actor should be able to read the numbers.
In February 2009 the California Building Industry Association (CBIA) offered:
Yesterday, the CBIA continued to move further away from Arnold's cheerleading pyramid in it's monthly news release by saying revising its housing unit construction forecast for 2009 to just 37,700 total units, the lowest on record and half its February projection.
It's tough to swallow the TIME article (its web page title is "California: Golden State Is Thriving, Despite Its Woes") when one looks at the following graph which shows just how weak a significant part of the economy involving real people is:
From the Sacramento Bee:
Ah yes, we're the trend setters. In this case, we lead the U.S. in how to make government fail - adherence to ideology.:nono:
California might have the most polarizing legislature in the country, but at least Illinois has the most CORRUPT politics in the country!
It's not adherence to ideology as much as it is following the party line whether or not you agree with it or not. I would much rather a pol vote their true conscience than follow what the party line is.
The time has come for non-partisan elections. The only problem is the electorate would actually have to take the time to learn where a candidate stands on the issues instead of relying on what "club" they belong to.
The Los Angeles Times has two articles today that pretty accurately describe the situation in California. The first is about how the 2010 Governor's race could be canceled for lack of interest:
The second is a well-written unrelated opinion piece that inadvertently explains why no one in their right mind wants to run which is why we'll end up with the aging Jerry Brown running against someone with an equally over-inflated ego having no political experience who is wealthy enough to fund the race on their own:
For us here on DBSTalk, there is some irony in seeing Brown want to serve as Governor again. From Wikipedia:
It's discouraging that the current "most likely" person to be our next Governor is the 71-year-old "Governor Moonbeam." If the thing with Linda Ronstadt had worked out maybe he wouldn't still be tilting at windmills and we'd have someone younger to lead the rebuilding of the State.
The Sacramento Bee updates an unemployment rate map by county. Here's how much things have changed. First, January 2008:
Now, October 2009:
The State Legislative Analyst, the one office you can count on to be impartial, recently recalculated the projected General Fund budget deficit and concluded it is going to be $21 billion, according to this LA Times article:
The Sacramento Bee noted:
I personally think the deficit number will be at least $7 billion higher by June, but I'm a pessimist.
From the Sacramento Bee:
I just can't seem to let this thread die a slow death as things keeping getting "worser and worser"....
But I hear Jerry wants to return to Sacremento.
Yeah, as I noted above, Governor Moonbeam wants to come back.
In the original post of this thread I quoted a June 14, 2009 Sacramento Bee article about Californian's leaving. Yesterday, December 11, 2009, 180 days later, this headline appeared in the Bee - Recession slows Californians' move to other states:
Based on the story about the cliffs falling into the ocean near Pacifica, even California seems to be leaving California.