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Fiscal cliff stumble could doom
California´s budget recovery

Sacramento Bee, by Kevin Yamamura

Original Article

Posted By:beancounter, 12/29/2012 2:02:35 AM

Gov. Jerry Brown and California lawmakers struck an upbeat tone in recent weeks as they enjoyed their most positive budget outlook since the economic downturn. Whether that mood survives the winter depends on Washington. State budget experts say the biggest immediate threat to California finances is a recession triggered by automatic federal cuts and tax hikes, absent a political deal to avoid the so-called "fiscal cliff." The state´s biggest federal program, Medi-Cal, is spared from automatic cuts. But a new recession could threaten the state tax revenue that serves as the lifeblood for California government. "A lot of it relies

Comments:
"Hey, it´s not California´s fault we´re in this mess. It´s the fiscal cliff. So the rest of you need to bail us out."

      


Post Reply  

Reply 1 - Posted by: SteelTurman, 12/29/2012 2:11:50 AM     (No. 9088225)

HAHAHAHAHAHAHA!

Recovery?

That´s a good one.

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Reply 2 - Posted by: The Advocate, 12/29/2012 2:23:35 AM     (No. 9088227)

Recovery???
Brown should do a Nixon goes to china.
Oil and gas will make CA the GoldenState again- if the environmentalists step aside.
The public unions have a choice- kill the goose or let it fly.

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: 4Justice, 12/29/2012 2:40:27 AM     (No. 9088231)

Every two weeks, I just go down to the local government office, cut open my wrists and give them all the blood I can before I pass out. That is how it is to live now in the People´s Republik of Kalifornia. The only problem is that I am running out of blood faster than I can replace it. Do any other comrades here feel the same??? Aaarrrgggghhh

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Reply 4 - Posted by: janylou, 12/29/2012 2:49:50 AM     (No. 9088236)

We´re they hoping for a bailout?

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Reply 5 - Posted by: Trigger2, 12/29/2012 4:59:59 AM     (No. 9088271)

Oh, I see, it´s not Brown´s or the demonrats fault that they raised CA taxes so high that everyone is fleeing and revenue took a hit - it´s the fed´s fault.

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Reply 6 - Posted by: fordtran, 12/29/2012 6:53:04 AM     (No. 9088313)

Just let California print it´s own money and everyone who works there has to get paid with "Jerry Bucks".
That way they can spend all they want. When the money runs out, they can just print some more.

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Reply 7 - Posted by: WhamDBambam, 12/29/2012 7:14:22 AM     (No. 9088331)

My guess is that Collyfornia, Illinois and New Joisey are all hoping that Zippy becomes the ´Rat state Bailout Fairy to save them from the consequences of moonbat rule.

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Reply 8 - Posted by: jerseyden, 12/29/2012 7:46:44 AM     (No. 9088364)

The article could have stated "the sun coming out tomorrow" could doom the budget recovery . Cal is doomed the only thing worse could be the other 49 states having to bail them out for a couple years till they fail completely.

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Reply 9 - Posted by: DCGIRL, 12/29/2012 7:52:50 AM     (No. 9088378)

What recovery? Did I miss something?

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Reply 10 - Posted by: MOBeef4u, 12/29/2012 8:04:34 AM     (No. 9088395)

Good point #8. Turn California into Greece by throwing billions down that rat hole just to delay the inevitable. Entirely possible scenario.

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Reply 11 - Posted by: Msctex1, 12/29/2012 9:37:12 AM     (No. 9088505)

It´s always something.

Especially when you are deluded.

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Reply 12 - Posted by: bighambone, 12/29/2012 11:33:04 AM     (No. 9088654)

If they keep screwing around in DC most property in California that has any value will become subject to the federal Inheritance Tax that will take 55% of everything over one million dollars once the owner dies. Since very few people can quickly pay such a high tax, the heirs will have to sell the property, many times to foreign investors to obtain the money to pay the tax. Then instead of a person´s heirs getting what should be their rightful inheritance more then half goes to the government to be spread around in socialist fashion. Most successful Americans don´t work their whole life for that to be able to happen.

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B-G1


 
Reply 13 - Posted by: strike3, 12/29/2012 11:39:22 AM     (No. 9088667)

California´s recovery is just as real as America´s recovery has been during the past two years. While unemployment keeps going up, somehow revenue is growing and the people are oh, so happy. This according to the White Unicorn School of Economics.

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Reply 14 - Posted by: lotsamojo, 12/29/2012 3:54:54 PM     (No. 9088997)

This writer is a superficial lapdog that writes for a Democrat lapdog paper . . . the Bee endorses 99.9% democrats, it occasionally scratches it´s head as to why all of the government eitities don´t run like clock work . . . it hasn´t seen a government and a government program that it doesn´t want to get bigger.

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