California runs a billion-dollar deficit in first month of fiscal year

posted at 10:55 am on August 11, 2010 by Ed Morrissey

Fiscal hawks couldn’t ask for a better demonstration of the real problem in government deficits.  California has struggled with its budget for years, repeatedly claiming to have solved gaping holes in its finances, only to see them arise again.  Yesterday, the state announced that deficits have returned — and not because they didn’t get enough money.  In fact, the revenue shortfall came to just 9% of the problem (via Instapundit):

California still lacks a 2010-11 state budget but its deficit is already widening as revenue falls below official forecasts and spending runs above expectations, Controller John Chiang said today.

Revenues in July, the first month of the fiscal year, were $91 million or 1.9 percent below the pending budget’s forecast, Chiang said, while spending ran nearly a billion dollars over the forecast.

Got that?  The first month’s deficit was almost a billion dollars, of which 9.1% could be attributed to the poor economy in California.  Instead, 90.9% of the problem is out of control spending from Sacramento.  But instead of tackling the 90.9% by slashing spending, we can rest assured that the legislature in Sacramento will try solving the 9.1% problem by hiking taxes and fees, and making the economy even worse as a result.

Reason notes a little bit of irony in this announcement:

John “Cobol” Chiang, the state controller who is unable to fix his paycheck-cutting devices to reduce state employee payments, nevertheless reports that the state managed to spend a billion dollars more than projected during in the month of July.

Interesting, that.  Also, Chiang doesn’t appear to have much trouble cutting other payments:

Chiang added that unless the Capitol’s budget stalemate ends soon, he will begin issuing IOUs, technically called “registered warrants,” to pay some bills in late August or early September. An enacted budget would allow the state to seek short-term cash flow loans from commercial lenders.

How about just cutting spending? Instead of issuing IOUs, California needs to demand fiscal responsibility and a more modest approach to government.  Fix the 90.9% problem, and it’s almost certain that the 9.1% problem will take care of itself.  That’s advice Congress should take as well.


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CA NEVER participated in the Welfare Reforms of 1990′s. It’s just ONE of MANY factors contributing to the debt. Also pension benefits for employees, business climate, and…

I guess you can’t build an economy on illegal immigration. Si se puede!

Oil Can on August 11, 2010 at 10:59 AM

Wouldn’t you raise a red flag somewhere short of the $1B mark? Like, when you hit half of that in two weeks?

TexasDan on August 11, 2010 at 11:00 AM

Chris Christie.

Abby Adams on August 11, 2010 at 11:00 AM

Welcome to Cah-lee-foh-nee-yah!!!

blatantblue on August 11, 2010 at 11:01 AM

Why is there a picture of Kim Jong-il’s grandson at an Obama pobium? I don’t understand how California keeps going.

Cindy Munford on August 11, 2010 at 11:01 AM

Recovery Dreamin’
All the leaves are brown
And the sky is grey
I went for a walk
On a winter’s day
I’d be safe and warm
If I was in L.A.
California dreamin’
On such a winter’s day
If I didn’t tell her
I could leave today

mjbrooks3 on August 11, 2010 at 11:02 AM

Duuuuuude

Least they have medicinal marijuana…

duuuuuude

blatantblue on August 11, 2010 at 11:02 AM

They will never fix their budget, it’s not what progressives know how to do.

tim c on August 11, 2010 at 11:02 AM

Reagan’s fault.

Shy Guy on August 11, 2010 at 11:02 AM

Like I said in a comment on another California post, the state is a cadaver. The maggots are feeding and the buzzards are circling. California will completely disintigrate before anything is done. In November, we’ll see if the state’s voters are paying attention.

InterestedObserver on August 11, 2010 at 11:02 AM

This sounds more like they’re budgeting mechanism isn’t working than an excess of legislated spending.
Well, they have too much legislated spending, too, but I don’t think that is what is being pointed out, here.

Count to 10 on August 11, 2010 at 11:03 AM

But instead of tackling the 90.9% by slashing spending, we can rest assured that the legislature in Sacramento will try solving the 9.1% problem by hiking taxes and fees, and making the economy even worse as a result.

THIS Californication is merely a microcosm of Obama’s Federal Marxist completion of the socialism implemented over the last century via PROGRESSIVE bipartisanship in Washington. OdoomBama. As Vic @ AoSHQ wrote, either roll back Obama’s work NOW or face national doom.

maverick muse on August 11, 2010 at 11:04 AM

Not completely. California has seen a strong drop in personal income. The first evah since WWII.

seven on August 11, 2010 at 11:04 AM

You can’t create infinite amounts of revenue. But you can spend infinite amounts of money.

One of the many things conservatives should support is local, state and national laws that demanding that new spending be paid for with cuts in current spending. No more of this “we paid for this billion by cutting future spending”.

In Washington, they just spent $26 Billion to re-save some state and local government jobs. But that only saves those jobs for another year. Most local and state governments aren’t using that year to clean up their spending, so we’re not solving the problem.

hawksruleva on August 11, 2010 at 11:06 AM

I hope they enjoy their cut of the $26 billion union payoff that Congress just passed. After November, that’s the last bailout they’ll be receiving.

Doughboy on August 11, 2010 at 11:07 AM

If the feds have to bail them out, they should lose their representation in Congress and their presidential electors. They should be like Puerto Rico, but still paying taxes.

zmdavid on August 11, 2010 at 11:08 AM

I think we need to build a fence around California. After the libs screw up that state, they move to other states and start screwing them up as well.

PackerBronco on August 11, 2010 at 11:09 AM

BOOOOOOSHHHHHHH!!!!!!!!!

search4truth on August 11, 2010 at 11:09 AM

Just how dishonest was this budget. A billion dollar underestimate of the first months expenses is not a mistake. It’s got to be an intentional lowball done just to get the thing passed. They have no intention of dealing with their major structural problems.

tommyboy on August 11, 2010 at 11:09 AM

maverick muse on August 11, 2010 at 11:04 AM

Exactly what I was thinking, when the feds set the precedent the states and the irresponsible people that went on a debt spending craze thought why not!

fourdeucer on August 11, 2010 at 11:10 AM

Obama: Amateurs. My morning constitutional had a $1 billion deficit.

lorien1973 on August 11, 2010 at 11:10 AM

In November, we’ll see if the state’s voters are paying attention.

InterestedObserver on August 11, 2010 at 11:02 AM

The typical Californian makes too many demands on the State. California Democrats are prime examples of titty babies demanding more from a dead mother. As progressives feel (you have to push them to get them to admit it aloud), REGARDLESS OF THEIR SOCIO-ECONOMIC STATUS, it’s always someone else’s job to pay taxes, never theirs. So they vote for higher taxes expecting other people to carry that load, not themselves. That is exactly how they got to this point. And their habitual immaturity is hard pressed with no backbone to cure their lack of responsibility. R-Gov.Schwarteneger a year ago asked Obama to bail California out. California is hopeless, and is spreading their economic cancer to neighboring states and the nation via Washington’s elected and appointed Marxists.

maverick muse on August 11, 2010 at 11:11 AM

On the brighter side, everyone in CA will be able to blame their woes on Arnold for the next 2-3 years.

It’s the liberal way!

GnuBreed on August 11, 2010 at 11:11 AM

fourdeucer on August 11, 2010 at 11:10 AM

You see “scary” overused like crying wolf. But this is threatening.

maverick muse on August 11, 2010 at 11:12 AM

GnuBreed,

…except that Obama, Inc. (with or w/o Pelosi/Reid) would bail out CA in order to guarantee their electoral votes ’12. The Sec./Treasury already has autonomy over the US Treasury and can do whatever the Secretary chooses with tax funds, regardless of what the President of Congress think or do. Thank GWB for that unconstitutional executive order.

maverick muse on August 11, 2010 at 11:15 AM

Not completely. California has seen a strong drop in personal income. The first evah since WWII.

seven on August 11, 2010 at 11:04 AM

Lot’s of people have seen a fall in personal income. Most of them know what to do about it. The problem is that government employees have used their contracts and political power from having to experience what the rest of us have had to do. Meanwhile government employees keeping riding high on the unaffordably high salaries of 3 years ago.

pedestrian on August 11, 2010 at 11:15 AM

DO THEY HAVE A 12 STEP PROGRAM FOR LIBERALS…AND STUPID FINANCIAL PEOPLE…

Ltlgeneral64 on August 11, 2010 at 11:16 AM

Name a blue state that is not following the financial path the socialist state of California is leading on..

volsense on August 11, 2010 at 11:16 AM

PackerBronco on August 11, 2010 at 11:09 AM

In so many ways, this is what is happening to Washington. We have been California-lite for a long time and our current Democrat controlled government is in a hurry for us to become even more like California.

SouthernRoots on August 11, 2010 at 11:16 AM

The vegetable trees lady runs the place now doesn’t she?

bj1126 on August 11, 2010 at 11:17 AM

Not to worry. I’m sure that we can spend our way out of this.

exhelodrvr on August 11, 2010 at 11:17 AM

Eventually the only people left in California will be the unions, who will be heavily taxed to pay for their benefits and pensions.

Oh, and the illegals.

Everyone else will have left.

Wethal on August 11, 2010 at 11:17 AM

Budget. Meet Axe.

Axe. Meet Budget.

solutions.

ted c on August 11, 2010 at 11:19 AM

Why can’t the feds just bail them out?
/

pain train on August 11, 2010 at 11:19 AM

OT: Rush joints Facebook.

Wedding photos posted.

carbon_footprint on August 11, 2010 at 11:23 AM

You can’t create infinite amounts of revenue. But you can spend infinite amounts of money.

Ding!

roy_batty on August 11, 2010 at 11:25 AM

I get this impression that as time goes on, eventually CA, like the country itself, will just blithely step off the financial cliff and we will just be falling and falling and wondering:

left: How did this happen?
right: dammit, we were right.

WitchDoctor on August 11, 2010 at 11:26 AM

There is an article here, yesterday about how the House “saved 1600 teacher jobs” but that the amount coming out of this legistlation to OR, 270 million, does nothing for our budget deficits.
Seriously, government is unsatiable.

ORconservative on August 11, 2010 at 11:27 AM

I guess this means they will be raising the tax on surfboard wax.

docflash on August 11, 2010 at 11:27 AM

If Californians don’t pass the marijuana initiative in November, they’ve missed the boat.
Upside to Libs: Endless money stream.
Upside to Conservatives: Keep the lunatic fringe stoned, stupid, and out of the way.
Upside to Americans: Stop the drug cartel carnage in the Southwest.

teacherman on August 11, 2010 at 11:28 AM

Obama’s only course is to steal from the conservatives to keep the liberals from going bankrupt until the conservatives go bankrupt too; then he wins. Alinsky hated the middle class and taught they must be destroyed because they are a buffer to the upperclass. Once the middle class has been reduced to the lower class then the class struggle can begin by eliminating the ruling class. Then the elites can force their will on the “common” people because they are too illiterate to lead their own lives without the elites. Obama is just a small step in what is to come.

volsense on August 11, 2010 at 11:30 AM

maverick muse on August 11, 2010 at 11:15 AM

We shall see. That they will float the idea is sure, but the screaming from the fiscally responsible states will also be certain.

The backlash from the latest $26 billion bailout means that people are truly getting tired of the unending sugartit.

GnuBreed on August 11, 2010 at 11:31 AM

carbon_footprint on August 11, 2010 at 11:23 AM

Thanks for the link. Now tell me how to buy stuff from flikr, even though I have done it before my mind is being stupid.

Cindy Munford on August 11, 2010 at 11:31 AM

People used to think that an earthquake was going to cause California to break off and sink. Now it looks more like it’ll collapse under the weight of its deficits and debt.

Ward Cleaver on August 11, 2010 at 11:31 AM

How about just cutting spending?

Your comment is awaiting review.

Please note that we do not allow certain words to placed next to each other as this implies hatred of the poor, Klan membership or covert misogyny. You probabaly kidnapped a coed in college and tried to get her take a bong hit too (note: we are not judging bong hits, just the restriction of a female student’s right to take a bong hit in the time and place of her choosing).

mankai on August 11, 2010 at 11:34 AM

Thanks for the link. Now tell me how to buy stuff from flikr, even though I have done it before my mind is being stupid.

Cindy Munford on August 11, 2010 at 11:31 AM

Welcome Cindy.

Just shoot me an email at my published email address on my flickr site, and thanks!

carbon_footprint on August 11, 2010 at 11:34 AM

Their solution, tax pot. At least now C. Romer will be back and able to offer her expertise.

Kissmygrits on August 11, 2010 at 11:35 AM

While all y’all are dissing and snarking about California (my ex-state), never forget that it’s merely ahead of the curve: this, with an added dose of Big Brother-style control over the populace, is exactly what Osama Obama and his America-hating regime are doing to the entire country.

Union thugs in control, overt racial preferences, public-sector pay and perks that far outstrip the private sector, money-wasting on an unimaginable scales; it’s all being done at the national level just as it is in CA.

California will mimic Kenya first, but if the Traitor-in-Chief has his way, the rest of the nation will swiftly follow.

MrScribbler on August 11, 2010 at 11:35 AM

They’re going to need a fence to keep employers in.

RBMN on August 11, 2010 at 11:37 AM

California is a Progressive wonder.

It’s managed to become an abject failure in spite of having all the advantages.

It’s number 1 in agriculture. It has 2 of the biggest sea ports in the country. It has incredible natural resources in volume and variety. It’s contains one of the two main centers of the entertainment industry – TV, music recording, movies – all of it, it is a magnet for tourism with a variety of attractions no other state comes close to, it contains large military installations, it contains most of the largest and most respected colleges in the West etc etc. No other state even comes close to having the advantages California enjoys.

But the state is failing spectacularly because of liberalism. There’s nothing progressives can’t ruin within the span of 20 years if they go unchecked.

forest on August 11, 2010 at 11:41 AM

How is that even possible? I say we keep the red woods and Sacramento delta, let Mexico buy the rest for whatever the cost of an Israeli separation wall is.

abobo on August 11, 2010 at 11:49 AM

Name a blue state that is not following the financial path the socialist state of California is leading on..

volsense on August 11, 2010 at 11:16 AM

CT is right behind CA in the doom and gloom line. And I can pretty much guarantee you that CT will never cut spending either.

Johnnyreb on August 11, 2010 at 11:51 AM

Welcome to the Revolutionary Cold War.

Mojave Mark on August 11, 2010 at 11:53 AM

How about just cutting spending? Instead of issuing IOUs, California needs to demand fiscal responsibility and a more modest approach to government.

Uhhhhhh….I hope this is an editorial comment and not an attempt to reason with the “fiscal crack addicts” running California.

Memo to illegal aliens – California is a sanctuary state! All are welcome!

¡Nota a los extranjeros ilegales – California es un estado del santuario! ¡Todos son agradables!

olesparkie on August 11, 2010 at 11:55 AM

RI is in trouble too, but I think they have cut some spending and some government jobs. It’s a small state and shold be able to get itself under control. CA is hopeless and really should be turned into a giant theme part as I think I suggested some years ago.

jeanie on August 11, 2010 at 11:59 AM

I think we need to build a fence around California. After the libs screw up that state, they move to other states and start screwing them up as well.

PackerBronco on August 11, 2010 at 11:09 AM

Like Texas, Colorado, New Mexico…

TinMan13 on August 11, 2010 at 12:02 PM

Revenues in July, the first month of the fiscal year, were $91 million or 1.9 percent below the pending budget’s forecast, Chiang said, while spending ran nearly a billion dollars over the forecast.

Does this mean that $91 million is 1.9% of the forecast revenues? This would mean that the forecast revenues are $91 million / 0.019 = $4.8 BILLION per MONTH? Or $57 billion per year? For a population of 36.5 million, the state is taking in an average of $1,576 per year for every man, woman, and CHILD in California, and still can’t pay its bills? What are they smoking in Sacramento???

Steve Z on August 11, 2010 at 12:08 PM

RI is in trouble too, but I think they have cut some spending and some government jobs. It’s a small state and shold be able to get itself under control. CA is hopeless and really should be turned into a giant theme part as I think I suggested some years ago.

jeanie on August 11, 2010 at 11:59 AM

From the stories I’ve heard, RI is beyond “in trouble”.

Last year, they were holding up businesses for taxes in arrears by pulling their business licenses if they didn’t pay up immediately. That’s incredibly short-sighted if a business has to keep operating in order to generate enough money to pay you off.

In other states, they tend to let you get by on a payment plan as long as you’re making your payments on time.

teke184 on August 11, 2010 at 12:09 PM

It’s managed to become an abject failure in spite of having all the advantages.

It’s number 1 in agriculture. It has 2 of the biggest sea ports in the country. It has incredible natural resources in volume and variety. It’s contains one of the two main centers of the entertainment industry – TV, music recording, movies – all of it, it is a magnet for tourism with a variety of attractions no other state comes close to, it contains large military installations, it contains most of the largest and most respected colleges in the West etc etc. No other state even comes close to having the advantages California enjoys.

So that too many of the state’s residents have become spoiled, and believe there is no limit to the gold in the Golden State. Somebody else will pay the bills.

Steve Z on August 11, 2010 at 12:12 PM

From the stories I’ve heard, RI is beyond “in trouble”.

Last year, they were holding up businesses for taxes in arrears by pulling their business licenses if they didn’t pay up immediately. That’s incredibly short-sighted if a business has to keep operating in order to generate enough money to pay you off.

In other states, they tend to let you get by on a payment plan as long as you’re making your payments on time.

teke184 on August 11, 2010 at 12:09 PM

Not a good idea for a state the size of RI, where “out-of-state” is less than 30 miles away.

Maybe they should impose a yacht tax on Narragansett Bay, which just might chase John Fn Kerry back to Mass.

Steve Z on August 11, 2010 at 12:16 PM

I just sent the mortgage company an IOU… told them once I hear back from the CBO with “firm numbers” – I will let them know when and how much they will get paid.

I am sure they will be pleased with my communication to the problem.

Odie1941 on August 11, 2010 at 12:17 PM

I think we need to build a fence around California. After the libs screw up that state, they move to other states and start screwing them up as well.

PackerBronco on August 11, 2010 at 11:09 AM

If They could’ve gotten away with it, Calif would have built a fence around itself years ago to stop taxpayers and businesses from leaving. Nevermind who comes in. Like Hotel California you can check out any time you like but you can never leave!

cartooner on August 11, 2010 at 12:18 PM

California: Save us, Obama-Duh-Won Kenobe. You’re our only hope.

Extrafishy on August 11, 2010 at 12:25 PM

Luckily everything is coming together for a November election in which Californians will make choices to resolve these problems:

PROBLEM: This budget problem is a result of those pesky Republicans in the legislature not going along to get along. All the Dems ask for are 2-3 Republicans in the state senate to agree with the Dems’ budget. But no – they hold back their votes every year until the Dems cut the spending somewhat and promise to act like adults.

SOLUTION: pass Prop 25 allowing a simple majority vote to pass the budget. Do not pay attention to the spcific language of Prop 25 which will grant the Dems the ability to ignore the state constitutional mandate requiring a supermajority to pass or increase taxes. Conveniently, the prop also allows a simple majority vote to pass any bill that might affect the state budget in any way.

PROBLEM: Issues in the state are framed improperly and insensitively by Republicans holding high state office.

SOLUTION: Re-elect Jerry Brown as governor. His bona fides include giving the right to unionize to CA state workers, stopping all freeway expansion, admitting in TV interviews that when last elected governor he had no plan on how to run the state. Brown is leading RINO Meg Whitman in the polls, and is the golden boy candidate of the state workers unions which have been running all his campaign ads.

Ah, I see hope and change on the horizon…

in_awe on August 11, 2010 at 12:27 PM

California: Save us, Obama-Duh-Won Kenobe. You’re our only hope.

Extrafishy on August 11, 2010 at 12:25 PM

+1

:)

cmsinaz on August 11, 2010 at 12:40 PM

Ah, I see hope and change on the horizon…

in_awe on August 11, 2010 at 12:27 PM

On the horizon? I’m smelling it and checking the bottom of my shoes for it.

teke184 on August 11, 2010 at 12:48 PM

Revenues in July, the first month of the fiscal year, were $91 million or 1.9 percent below the pending budget’s forecast, Chiang said, while spending ran nearly a billion dollars over the forecast.

….hard to feel anything for the people of California who continually vote in the idiots that put them in such bad shape.

…and remember world…..California loves illegal immigration and can’t wait to pay all of your housing,medical,and transportation needs…….

……….you don’t have to pay a thing…..

……..California will even buy you a big fat sack of sensimillia to enjoy while waiting for the checks to hit your mailbox.


But have no fear…..California’s crack economic team has arrived and is ready to fix the problem:

http://www.youtube.com/watch?v=uWiYphJUS7Q

Yes We Can!!!!

Baxter Greene on August 11, 2010 at 12:50 PM

California needs to demand fiscal responsibility and a more modest approach to government.

Been there, done that. Over and over and over again. For years. This is a rock-solid blue state now, and Democrats are overwhelmingly in power and have been for a long time. Up on high, they just don’t give a damn about annoying little nuisances like deficits. They’re all very rich and getting richer. And gosh darn it, they feel mighty guilty about that personal wealth. So, they’ll continue to spread other people’s wealth around to make themselves feel better. They’ll just keep increasing taxes and fees, and continue to spend and spread more than they reap.

Here’s a massive page of detached from reality reasoning, obtuse finger pointing, and disjointed excuses from the California Legislative Analyst’s Office. As you can tell, no one ever told them that excuses are like arseholes… everybody has one and they all stink.

Dhurka Dhurka on August 11, 2010 at 1:11 PM

But have no fear…..California’s crack economic team has arrived and is ready to fix the problem:

http://www.youtube.com/watch?v=uWiYphJUS7Q

Yes We Can!!!!

Baxter Greene on August 11, 2010 at 12:50 PM

Gives new meaning to the term “crack economic team”.

forest on August 11, 2010 at 1:13 PM

All that saves us now from another huge bailout is, perversely, the fact that Arnie is a Republican. (okay, only nominally a Republican.) If Republicans hold the governorship, that may continue.

If Brown wins that’s bad for the whole country because Bammie is much more likely to bail out Brown. That will set a horrible precedent.

slickwillie2001 on August 11, 2010 at 1:22 PM

“California, the land of the fruits and nuts.”
–Johnny Carson

Emperor Norton on August 11, 2010 at 1:31 PM

Like the Sackatomatoes Bee headline:

“California revenues down, state spending up”

The dickheads get it exactly backwards.

PD Quig on August 11, 2010 at 1:57 PM

May I say as a Californian, you ain’t seen nothin’ yet!

SukieTawdry on August 11, 2010 at 2:02 PM

Maybe the
Call in to Suze Ormen show:

SO: Welcome to the “Can I afford it segment”, what is your question?

AS: Yes, this is the Gubinator. We would like to spend $20B on Social Welfare.

SO: Show me the money.

AS: Okay, we have a monthly income of $871M. Our current expenses are $1.9B and …

SO: DENIED!!!!!

AS: But we need to …

SO: DENIED!!!!

AS: But what about…

SO: DENIED!!!! Next Caller.

gregbert on August 11, 2010 at 2:04 PM

“Hans Brix!”

Ward Cleaver on August 11, 2010 at 2:12 PM

Well, let’s see what the problem is:

Pensions—up to 90 percent of annual income starting at 30 years of service

Pay—six figures for a prison guard

Subsidizing all the poor Mexicans on the backs of taxpayers

Refusing to harvest state resources such as offshore oil

That’s a small list of what is really a litany of Christmas presents for government workers and illegal aliens paid for by CA taxpayers.

fleiter on August 11, 2010 at 2:42 PM

So the answer to California’s problem of not being able to keep their spending within the tax receipts is to try and raise taxes? And, if that fails, they will ask for a federal bailout, so taxpayers from other states can be forced to kick in? I thought we had already settled the question of taxation without representation 200+ years ago.

Vashta.Nerada on August 11, 2010 at 2:46 PM

Only a $billion this month?

So, at least things are improving!

Pablo Snooze on August 11, 2010 at 3:23 PM

I’m going to question the math here… checking the links at the SacBee site to the actual report.

Numbers in Thousands:
Total Receipts – 4,824,864
Total Disbursements – 8,601,631

Deficit = 1 billion? Not by any math I’ve ever learned to do… is this that “New Math” I’ve heard of?

Rule #1 of mathematicians: Never let Journalists do math.

Total Deficit Spending for the month of July: 3,776,767 (still in thousands, so 3.77 billion).

Or if you prefer. 43.9% of their spending was over their total receipts and therefore is deficit spending. They’re spending $1.44 for every $1 they get.

Yeah, they’re probably fine.

gekkobear on August 11, 2010 at 3:43 PM

Aw hell, I b*** about the math and mess up my own.

The 43.9% is inclusive, not additive. I know better.

So California spent about $1.78 per dollar they make.

Yeah, that’s the correct math 4824 * 1.78 gets much closer to their total disbursements.

gekkobear on August 11, 2010 at 3:48 PM

Hey, as long as AnninCa gets universal healthcare and abortion, everything is just ducky!

mossberg500 on August 11, 2010 at 4:43 PM

I hope they enjoy their cut of the $26 billion union payoff that Congress just passed. After November, that’s the last bailout they’ll be receiving.

Doughboy on August 11, 2010 at 11:07 AM

You don’t actually believe this, do you?

I guarantee you that republicans will bail out California if they think it will get them one more voter. Either that, or the media will cry so loudly that they (the republicans) fold like a cheap tent.

runawayyyy on August 11, 2010 at 4:49 PM

But the state NEEDS to keep spending. First of all, what will happen to all those police and fireman and teachers, huh? What do you have against teachers and firemen and policemen? And who will suffer the most? Why the poor and the children! What do you have against poor children? And it will be the children of minorities who will suffer the most! I think you’re a racist bully for even hinting that spending needs to come down.

And besides, Lord John Maynard Keynes told us that the best way to balance our budget is to spend, spend, spend like a teenager who stole Daddy’s Master Card. You know, multipliers and all that. If we did things your way we’re just going to have the rich get richer at the expense of the poor children.

MJBrutus on August 11, 2010 at 5:19 PM