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GORDON 
90%
Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
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Posted on: Dec. 11 2012,07:09 |
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Was thinking about things, freely associating, as I do.
Was thinking about how Greece is a bit of a canary in the coal mine when it comes to European economics and politics... there, they have a culture that spends more than they make in order to ensure the liberal, barely-work, retire-early lifestyle. Â Additionally, Greeks as a culture don't seem to care about paying their taxes in the first place. Â Last I heard, Germany was keeping Greece afloat until the next vote when Greece will not fix their problems.
That got me to thinking about California, which admittedly, has a larger economy than a great majority of countries on the entire planet. Â But, they are also voting themselves into a hole lined with free candy. Â Border security is a facade, they work to reward millions of illegals who got in and stayed, and they never met a new social program they didn't like in spite of the cost. Â In defiance of the cost, it seems at times.
And obviously the USA as a whole is having some spending problems. Â I don't need to reiterate them... it would be racist of me to suggest that it isn't wise to spend more than one can afford.
So, that gets me wondering... perhaps as goes California, so goes the country. Â CA politicans no longer have the will to try to defy the population of the greater San Francisco area, just as the east and west coasts don't seem to care at all about fiscal responsibility of the country. Â Worst of all, there is absolutely no fiscally responsible party left in this country with a chance of getting elected to enough seats to make a difference. Â There is absolutely no hope of fixing the economic problems of the country in the foreseeable future... something bad is going to have to happen before anything changes.
So.... I figure California will drop first. Â
Let's use this thread to post all of the suicidal things California is doing.
I'll start.
California schools owe $1 billion on $100 million in loans they've taken.
This is close to home for me... my local school district also tore down a perfectly good school built of stone and brick in the post WW2 era in order to qualify for millions in federal loans to build a new school. Â Now the economy is tanked, and they are talking about laying off teachers and increasing class sizes in order to pay the bills. Â Thanks, assholes!
Edited by GORDON on Dec. 11 2012,07:11
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I don't give a fuck!
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Leisher
Top 3%, yo.
Group: Super Administrators
Posts: 26651
Joined: May 2004
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Posted on: Dec. 11 2012,09:51 |
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Why do the schools need to borrow money to get money? That seems really stupid.
Why borrow $2.5 million to get $25 million, and then build a new school for $25 million?
Because a $10-20 million dollar school would be a piece of shit?
Why not immediately repay the loan and then work with the money you have left?
It's this short sightedness that gives socialism an audience in this country.
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TPRJones
I saw The Fault in our Stars opening night.
Group: Privateers
Posts: 12384
Joined: May 2004
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Posted on: Dec. 11 2012,10:31 |
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Well, that was most likely a federal educational block grant, which means it works on a sort of dollar matching thing. For every $1 they spend on the new school they get $10 of federal money. And every individual expense is reported to make sure all the matching is being done. Can't get the $25m without spending the $2.5m in the process.
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Vidi Perfutui Veni
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TPRJones
I saw The Fault in our Stars opening night.
Group: Privateers
Posts: 12384
Joined: May 2004
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Posted on: Dec. 11 2012,10:57 |
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Yes. No, that would be illegal. Yes. Agreed.
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Vidi Perfutui Veni
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GORDON
90%
Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
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Posted on: Jan. 01 2013,12:03 |
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No longer allowed to carry an unloaded rifle in cities, and illegal immigrants can legally get a driver's license and financial aid for college.
http://timelines.latimes.com/new-state-laws-2013/
One assumes they are not studying immigration law, since it doesn't seem to mean anything.
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Paul
The Cumulonimbus of the Interweb
Group: Privateers
Posts: 8365
Joined: May 2004
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Posted on: Jan. 01 2013,15:57 |
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Adam Carolla complains about CA a lot. Â The cost of operating in CA is incredibly high.
He can do a 1,500 person show in Oregon and make $20k profit. Â He makes a fraction of that when he has a show in CA due to the unions and increased fees. Â He can make a lot more money by flying him and his crew to other states to perform.
Businesses are fleeing because the taxes are too high, and keep getting higher.
He finds it ironic that the liberal Hollywood actors talk about the rich needing to pay their fair share. Â Then they leave their Malibu mansions to go out-of-state or to Canada to film movies that could have easily been shot in L.A. (some even take place in L.A.). Â But no, it's cheaper to fly an entire crew out of state (and board them) and haul out all that equipment than it is to pay the taxes and buy the permits and put up with all that red tape they have in CA.
For all the taxes they pay the freeway signs are still covered in barbwire or graffiti, and the public school system is atrocious.
(He may have talked about this stuff in his latest podcast (with Andrew Brietbart).
Edited by Paul on Jan. 01 2013,15:58
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"All hail Paul." Â -Unk
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Paul
The Cumulonimbus of the Interweb
Group: Privateers
Posts: 8365
Joined: May 2004
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Posted on: Jan. 01 2013,19:13 |
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He's not taping during the holidays so they're re-releasing old podcasts.
The latest one on my iPod is that one, and I think they talked about L.A. then.
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"All hail Paul." Â -Unk
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Paul
The Cumulonimbus of the Interweb
Group: Privateers
Posts: 8365
Joined: May 2004
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Posted on: Feb. 08 2013,06:28 |
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Taxes are going up again in CA.
QUOTE “It’s definitely the highest in the United States,” said David Kline, a vice president of the California Taxpayers Association, a taxpayers’ advocacy organization. “What we like to point out to people is that there are states with absolutely no personal income tax — so if you moved from California to Florida, and you are in a high-income bracket, you are automatically giving yourself a 13.3 percent raise.”
QUOTE “Taxes have to be a very important part of the equation,” Mr. Schiller said. “If you are talking about an income tax of 13 percent on a millionaire in California and an income tax rate of zero percent on a millionaire in Nevada, to argue that it doesn’t affect a millionaire’s locations decision is to say all millionaires must be stupid.”
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"All hail Paul." Â -Unk
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GORDON
90%
Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
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Posted on: Feb. 25 2013,05:43 |
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Corrupt public employee pension fund has california in a debt hole it can't ever get out of.
http://www.city-journal.org/2013/23_1_calpers.html
And the hole gets deeper every day.
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GORDON
90%
Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
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Posted on: Feb. 25 2013,07:33 |
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(TPRJones @ Feb. 25 2013,10:28)
QUOTE QUOTE Such dubious practices have piled up a crushing amount of pension debt, which California residents—and their children—will somehow have to repay move out of the state to avoid repaying. Fixed.
State bailout from the feds, and nothing will get fixed.
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