REAL WORLD EVENT DISCUSSIONS

Austerity, here we come !

POSTED BY: AURAPTOR
UPDATED: Sunday, May 13, 2012 15:11
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VIEWED: 393
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Sunday, May 13, 2012 2:04 AM

AURAPTOR

America loves a winner!


Keep raising those taxes, Jerry.

Quote:

California deficit has soared to $16 billion, Gov. Jerry Brown says
May 12, 2012 | 11:54 am

Gov. Jerry Brown announced on Saturday that the state's deficit has ballooned to $16 billion, a huge increase over his $9.2-billion estimate in January.

The bigger deficit is a significant setback for California, which has struggled to turn the page on a devastating budget crisis. Brown, who announced the deficit on YouTube, is expected to outline his full budget proposal on Monday in Sacramento.

"This means we will have to go much further, and make cuts far greater, than I asked for at the beginning of the year," Brown said in the video.

Lawmakers and others were hoping that a rebounding economy would help the state avoid steep cuts to social services. But revenue in April, the most important month of the year for income taxes, fell far short of expectations, leading to a shortfall of at least $3 billion in the current fiscal year.

The state has also spent $2.1 billion more than expected, according to the controller, further worsening California's financial health.

Advocates involved in budget discussions say they expect deeper cuts to social services than Brown originally proposed in January. Union officials are also in negotiations with administration officials about ways to reduce state payroll costs, an issue that wasn't on the table earlier this year.

Brown has said there will be even deeper cuts, mostly to public education, if voters do not improve tax hikes in November. He is seeking a quarter-cent increase in the state sales tax for four years and a seven-year hike on incomes of $250,000 or more that will range from 1 to 3 percentage points. He says the measure would raise $9 billion in the upcoming budget year.




http://latimesblogs.latimes.com/california-politics/2012/05/california
-budget-jerry-brown.html

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Sunday, May 13, 2012 2:55 AM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


Rick Perry would kill for a deficit that low. Literally.

http://www.reuters.com/article/2011/02/04/us-usa-deficits-states-idUST
RE71314420110204




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Sunday, May 13, 2012 3:22 AM

AURAPTOR

America loves a winner!


With businesses relocating from CA to TX, the outlook for Texas is far better.

But hate all you want. I know, it's what you love to do best.

And I love how you used the word 'literally', with out even knowing what it means.

Crassic.



" We're all just folk. " - Mal

" AU, that was great, LOL!! " - Chrisisall

"The world is a dangerous place. Not because of the people who are evil; but because of the people who don't do anything about it." - Albert Einstein


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Sunday, May 13, 2012 5:06 AM

M52NICKERSON

DALEK!


Europe has proven that austerity measures do not work, so why would California want to use them?

I do not fear God, I fear the ignorance of man.

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Sunday, May 13, 2012 5:11 AM

AURAPTOR

America loves a winner!


Quote:

Originally posted by m52nickerson:
Europe has proven that austerity measures do not work, so why would California want to use them?




When, exactly, did Europe prove that ? Cut spending AND taxes, instead of raising the latter, will show results. But Europe is in so deep, so addicted to 'public goodies', that what works in one place may not work elsewhere.



" We're all just folk. " - Mal

" AU, that was great, LOL!! " - Chrisisall

"The world is a dangerous place. Not because of the people who are evil; but because of the people who don't do anything about it." - Albert Einstein


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Sunday, May 13, 2012 5:26 AM

NIKI2

Gettin' old, but still a hippie at heart...


Thanx for that, Mike, it really shows the difference between right and left beautifully:
Quote:

Texas Governor Rick Perry treated guests to a barbecue lunch paid for by a wealthy businessman. Supporters of California Governor Jerry Brown munched on hot dogs at a union-sponsored picnic.

The stark contrast in inaugural menus last month highlights the different approaches the two most populous U.S. states are taking to deal with massive budget deficits.

Yup, that's our Moonbeam! Just like Obama, he walked into a real mess; I have faith he'll clean it up, and I'll bet dollars to donuts we'll be right there with him; we recognize the need to have a balanced approach, revenue AND cuts. We'll see where each state goes.
Quote:

Perry, a Republican, campaigned on the strength of the Texas economy and made political hay of the fact the Lone Star state had avoided California's massive deficit, pegged at $25.4 billion through the upcoming budget year.

Now Texas faces a budget deficit estimated as high as $27 billion.

So much for political hay. I guess their budget shortfall was okay back when he came into office; looks like he's not done such a great job! Let's see...Moonbeam wants to fill the gap with a combination of $12.5 billion in spending cuts and $12 billion in tax hikes; Scary Perry will do so through "steep cuts in funding to education and welfare programs". Yup, that's where we need to have steep cuts: education! You betcha! Oh, but then that makes sense, doesn't it? The mentality on the right these days is that education is "snobbish" and ignorance is bliss. Why does this not surprise me:
Quote:

It has traditionally ranked low among U.S. states in public funding for education and social programs.
Get this one:
Quote:

Experts say Texas' budget has been under pressure for years. The state used about $6.4 billion in federal funds from the 2009 Recovery Act to fill a shortfall in its 2010-2011 budget cycle.
So in essence he "cheated" and STILL is worse off than us. I thought the Recovery Act was supposed to go for job creation, infrastructure, stuff for the PEOPLE of the states, wasn't it? It is here; lots of infrastructure projects that I see around. So if you take the cheating out of the game, Perry's shortfall is ACTUALLY $32.4 billion.

Let's explore how the Recovery Act funds have been spent.

California:

Transportation Infrastructure

Weatherization Assistance

Education (California distributed approximately $4.7 billion for three education programs...local education agencies plan to use more than half of these funds to retain jobs)

Accountability (California oversight entities and state agencies have taken various actions to oversee Recovery Act funds, including training, risk assessments, on-site monitoring, and audits. The Governor established the Recovery Task Force to ensure funds are spent efficiently and effectively, and the State Auditor and Inspector General also have key oversight roles.)

Jobs (Recipients reported that 70,745 jobs were created in California during the last quarter of 2009.)

https://www.google.com/#hl=en&sclient=psy-ab&q=California+used
+Recovery+Act+to&oq=California+used+Recovery+Act+to&aq=f&aqi=&aql=&gs_l=hp.12
... 2757.9293.0.11758.31.30.0.1.1.0.328.5338.2j17j9j1.29.0...0.0.lYpEgEnpRL8&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=74d281f576b71253&biw=1280&bih=851


Texas:
Quote:

Texas relied more heavily on stimulus funding to fill its budget hole than any other state: Turns out Texas was the state that depended the most on those very stimulus funds to plug nearly 97% of its shortfall for fiscal 2010, according to the National Conference of State Legislatures.
Nicely done.
Quote:

When he made a show of rejecting some Recovery Act money, Perry said “this was pretty simple for us…We can take care of ourselves.” But Perry was the only one threatening secession as a response to government spending, even as his state took advantage of that spending more than any other. http://thinkprogress.org/politics/2011/01/24/140478/perry-arra-97/ now he'll cut education even more, now that they're in worse shape than ever...yup, pretty predictable.

As to "literally", his cuts to welfare might WELL result in people dying. Perfect use of the word, in my opinion.

We'll see how it winds up for the two states. Should be interesting.

Now watch Raptor blurt out a bunch of right-wing rhetorical gibberish, probably irrelevant, with no facts or figures, no cites, to back any of it up...



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Sunday, May 13, 2012 5:41 AM

AURAPTOR

America loves a winner!


I'd rather have Texas bbq than union cooked hot dogs, any day of the week.



" We're all just folk. " - Mal

" AU, that was great, LOL!! " - Chrisisall

"The world is a dangerous place. Not because of the people who are evil; but because of the people who don't do anything about it." - Albert Einstein


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Sunday, May 13, 2012 7:57 AM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


Quote:

Originally posted by AURaptor:
With businesses relocating from CA to TX, the outlook for Texas is far better.




It is? Not according to the budget numbers.

Quote:


But hate all you want. I know, it's what you love to do best.

And I love how you used the word 'literally', with out even knowing what it means.



Perry has signed execution orders on hundreds, meaning he quite LITERALLY killed them. And he would kill again, gladly, to have a deficit as low as $9 or $16 billion. In fact, he signed orders to do away with many women's health programs, which are LITERALLY going to result in death for many poor women.

But what does Perry care? Or you? As you've said yourself, people die every day. You only get concerned when they die in Muslim countries, apparently.

Quote:


Crassic.



Talk about using a word "with out" (you still haven't figured out what compound words are, have you?) having any idea "what so ever" what it means...

What exactly IS the definition of "crassic", anyway? Do you know? Still wanna play word cop? I'm game if you are.






"I supported Bush in 2000 and 2004 and intellegence [sic] had very little to do with that decision." - Hero, Real World Event Discussions

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Sunday, May 13, 2012 8:00 AM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


Quote:

Originally posted by AURaptor:
I'd rather have Texas bbq than union cooked hot dogs, any day of the week.





You and me both.


And if you're ever in the area, I can recommend some amazing BBQ places. Whatever our political differences, nobody should have to suffer mediocre barbecue!


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Sunday, May 13, 2012 8:10 AM

BLUESUNCOMPANYMAN


Quote:

Originally posted by AURaptor:
I'd rather have Texas bbq than union cooked hot dogs, any day of the week.



hear hear

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Sunday, May 13, 2012 2:47 PM

M52NICKERSON

DALEK!


Quote:

Originally posted by AURaptor:
When, exactly, did Europe prove that ? Cut spending AND taxes, instead of raising the latter, will show results. But Europe is in so deep, so addicted to 'public goodies', that what works in one place may not work elsewhere.



Cutting spending and taxes is not Austerity, it is stupidity. If you cut spending and cut taxes you don't reduce your debt, which is the point. The problems in Europe have shown that you can't grow an economy by cutting spending.

I do not fear God, I fear the ignorance of man.

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Sunday, May 13, 2012 3:11 PM

PIRATENEWS

John Lee, conspiracy therapist at Hollywood award-winner History Channel-mocked SNL-spoofed PirateNew.org wooHOO!!!!!!


Those 10s of millions of illegal aliens can bail out California, if they'd stop exporting their paychecks.

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