California's Day of Reckoning

[Overlay]

http://www.msnbc.msn.com/id/30893006/

Looks like California will be forced to do what Congress should have done long ago on a national level: achieve a balanced budget through spending cuts.

[witchdoctor]

I suspect that the US will be having to face this same problem in 4-5 years.

[Warren Henry]

Wouldn't that be a good thing?

[BlueShoe]

On a couple of other forums on which I post,this has become a much discussed topic.Big trouble could be ahead.If social services are cut sharply,ie,welfare,food stamps,rent subsidies,free school meals,medical care,etc. the ballon could could go up.Demonstrations,marches,and perhaps full blown riots are not out of the question.Wish I had stocked more ammo,am undergunned if things get real nasty,now I cant find any,all sold out.

[Tom]

Cutting is ot enough - take EVERYTHING out of the budget. Every dollar.
Then, determine how much money is available.

Now, take each potential budget item and assign a realistic percentage of the total that is should be allotted. Money for the arts - 5%, 2%, 43% ?????
If you want to spend 100 billion on medicare, and you only can afford 50 million, then that is what you do.

You need a big ax....a very big ax.

[Overlay]

You need a big ax....a very big ax.

And politicians with the willingness and guts to swing it

[JustRalph]

On a couple of other forums on which I post,this has become a much discussed topic.Big trouble could be ahead.If social services are cut sharply,ie,welfare,food stamps,rent subsidies,free school meals,medical care,etc. the ballon could could go up.Demonstrations,marches,and perhaps full blown riots are not out of the question.Wish I had stocked more ammo,am undergunned if things get real nasty,now I cant find any,all sold out.


oh come on? They never riot in california

[rrbauer]

Cutting is ot enough - take EVERYTHING out of the budget. Every dollar.
Then, determine how much money is available.

Now, take each potential budget item and assign a realistic percentage of the total that is should be allotted. Money for the arts - 5%, 2%, 43% ?????
If you want to spend 100 billion on medicare, and you only can afford 50 million, then that is what you do.

You need a big ax....a very big ax.

That would be the zero-basis budget. Every line item needs justification before it's ever a line item.

[rrbauer]

On a couple of other forums on which I post,this has become a much discussed topic.Big trouble could be ahead.If social services are cut sharply,ie,welfare,food stamps,rent subsidies,free school meals,medical care,etc. the ballon could could go up.Demonstrations,marches,and perhaps full blown riots are not out of the question.Wish I had stocked more ammo,am undergunned if things get real nasty,now I cant find any,all sold out.

What starts with the letter "C": California, Chaos, Calamity, Chernobyl, Catastrophe, Cataclysm. A few billion dollars shortfall in California is ho-hum stuff. TARP will become CRAP as Arnold reminds Barack where his biggest plurality came from in last November's election. Find another doomsday scenario. It's not in California.

[BlueShoe]

oh come on? They never riot in california

You must be right,guess that the friendly little gathering burning and looting in LA in 1992 were just actors performing in a made-for-tv movie.

[acorn54]

i think california will just become another federal government bailout
the feds will step in if push comes to shove
basically what we have for the future is bail outs and more bail outs as states fail to make ends meet and go to the feds to give them money.
the feds will use two strategies to come up with the money. one is to print more money and the other is their power of taxation to raise taxes.

[Tom]

Q - What does Arnold say to the taxpayers after he takes their last dime?

A - Ah'llllllll be baaaacck!

[BlueShoe]

Q - What does Arnold say to the taxpayers after he takes their last dime?

A - Ah'llllllll be baaaacck!

Not this time.After next years gubnatorial election he will at last be -- Terminated.

[46zilzal]

Not this time.After next years gubnatorial election he will at last be -- Terminated.
Very surprised he won last time. He changed the status on injured workers claims now so that even if you are a quadraplegic you are NOT 100% disabled.

[ArlJim78]

hey, lets bail out California. check out these (http://myprops.org/content/S.F.-is-gonna-be-broke-whether-you-like-it-or-not/?ref=patrick.net) San Francisco salaries.:eek:

you've got 50 people making over $222,000 including firefighters and for some reason many deputy chiefs.

[The Judge]

there is now talk of closing 200 State Parks this is short sighted as millions of tourists visit those parks and bring needed capital to the economy. I am also sure the Governor knows that locals will be headed for state parks to save money.

This maybe punishment for not passing the 2 state money bills a few weeks ago.

[Tom]

California should start by laying off all non-essential personnel.

1. Arnold
2. State legislature

[boxcar]

Very surprised he won last time. He changed the status on injured workers claims now so that even if you are a quadraplegic you are NOT 100% disabled.

Interesting. I wonder if "dead" would qualify as 100% disabled to this moron's mind? :rolleyes:

Boxcar

[jballscalls]

Interesting. I wonder if "dead" would qualify as 100% disabled to this moron's mind? :rolleyes:

Boxcar

probably not, aren't there dead people that vote in elections all the time??

[Tom]

Arnold himself is brain dead.

[boxcar]

Arnold himself is brain dead.

That's what makes him qualified to be the CEO of California. :rolleyes:

Boxcar