Revised 10.09.10
In a series of previous blogs[1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32][33][34][35][36][37][38][39][40][41][42][43][44][45][46][47][48][49][50][51], I attempted to point out that leftist governments, of which California leads in this malevolent metric, bordering on social psychosis and contempt for capitalism, are deteriorating in power as they put all their emphasis on taxes, punishment of business and the metastatic increase in government by any means accompanied by the projected social policy of state-sanctioned drug abuse. To this we must also add pandering, the adoration of sodomy, crass begging and money grubbing from Washington and places similar who are also crashing in debt and headed for depression.
In every case where I commented on California’s Follies in my blogs since 2007, the only acceptable left-liberal plan in Sacramento has been to raise taxes, import and comfort illegal aliens for their necessary multiple votes and increase spending on any and all ‘educational’ or social programs. There are no exceptions in this leftist-dominated attitude toward society.
Surveying the civilized world, even including places like
The progressive leaders of many states in the US and Europe in general apparently believe there is some pot of gold hidden by the ‘rich’ and that monotonically increasing taxes will eventually recover enough of that undeserved loot to cover current expenses and pay off a bit of the massive debt they have brought upon us. Their quest for other people’s monies to solve their financial woes is in high gear, flush with beads of sweat, soggy socks and headed for a massive collision with economic reality and financial stability. What is at stake here is the accumulated wealth of the entire planet if the far left can implement their taxes and Cap and Trade Follies. They can spend much more than we have and they are doing so now. Remember Bastille Day when the price of a loaf of bread exceeded the pay of the average worker?[53] This is happening on a broader scale now in both the federal union and several of its wanton states. We are going broke.
How to best read my blogs:
[I offer extensive quotes in this blog so that the reader can view the exact language and can be confident that nothing was taken out of context or that nobody was misquoted. The easiest way to take in the salient points is to read the emphatic points in the quotes and then peruse my comments. Comments on my comments are always welcome: ryckki@gmail.com.]
For an update on the financial bordello called
“Schwarzenegger and top lawmakers last week notched a budget deal as
They compromised on spending cuts and raising revenue and signed off on rosy assumptions about tax collections and financial aid from
Tax hikes were excluded in the $87.5 billion budget plan at the insistence of Schwarzenegger and Republican lawmakers.
The plan's centerpiece is a spending reduction of $7.5 billion, and Schwarzenegger used the line item veto to cut about $960 million more in spending, chiefly from social services, to bolster a reserve fund to $1.3 billion.”--
This sketchy hokum tells us nothing about the state of the budget; nothing about the significant ‘if’ it can be followed to avoid spending overruns and has fundamental cracks in the structure sufficient to drive a truckload of marijuana between the lines. There is nothing here!
Some details ooze out after a time:
“The plan includes more than $1 billion in revenue from postponing a corporate tax break and roughly $3 billion is added from transfers from state funds”--
The term transfers, particularly as how it is used in this context and not addressing the old
“The plan also would put before voters a measure in 2012 to bolster a rainy-day fund and roll back public pension increases for new state employees approved in 1999.”--
That is nonsense. With their current sour junk-level bond credit rating and huge debt load, the idea of putting aside some cash that could be used to address emergencies is foolish.
For the fluffy parts of this comedy we include this twaddle:
“The budget includes the expectation of $1.4 billion in higher than previously forecast state revenue. But it is unclear revenue will rise, given
Additionally, the plan expects $5.4 billion from
Well, there you have it in political jargon that seems to ‘solve’ some problem, but will only result in more deficits for 2012.
It appears that there is about $4.5 billion in blue sky monies here that will have to appear as debt when these idiots reconvene in July to begin the next round of incoherent jabbering, deal making and things much worse.
“Brown and Whitman will have a clearer financial view of what awaits
Sure, let this rest and dump it on the newcomers who will face even more dire financial problems in the very near future.
Clearly, with people like this in power there is no hope of recovery. Everyone must pick up their essentials are run from this place. They are going down in first bankruptcy and then probably in some kind of revolution.
rycK [a5th generation Californian in exile]
Comments to: ryckki@gmail.com
[1] California Becomes the National Leper like
http://ryckki.blogspot.com/2010/07/california-becomes-national-leper-like.html Written 2.10.2010 revised 7.14.2010
[2] Financial Armageddon in
[3] California Becomes the National Leper like
http://ryckki.blogspot.com/2010/07/california-becomes-national-leper-like.html
[4] Raking the Social Latrines for Alms for
[5]
[6] Inefficiency in
[7] New Political Support for
[8] Krugman UnMakes a Euromess and Recommends a California-style Mess. Bigger Government is Always the Solution http://rycksrationalizations.blogtownhall.com/2010/02/15/krugman_unmakes_a_euromess_and_recommends_a_california-style_mess_bigger_government_is_always_the_solution.thtml
[9] California Becomes the National Leper like
[10]
[11] The Good Folk Jump Off of
[12]
[13] As the Head-Banger Gains Experience and Knowledge from the Pain
[14] The Blush is Back on the Onion: California Has Arrived at a ‘Compr0mise.’
[15] Copulating with Coprolites: The Unveiled Mechanism of Governance by Progressive Liberalism in
[16] Obama to
[17]
[20] Krugman Talks of Paralysis in
[22]
[25] The Continuing Collapse of
[26] The Terminal Financial Psychosis of
[27] The Continuing Collapse of
[30]
[33]
[36] The Leftists Have No ‘Solution’ to
[37] The Leftists Have a ‘Solution’ to
[39]
[40] The Glitter is Off the California Gold! Prepare for Bankruptcy. Your Taxes are Urgently Needed! http://rycksrationalizations.blogtownhall.com/2008/08/28/the_glitter_is_off_the_california_gold!_prepare_for_bankruptcy_your_taxes_are_urgently_needed!.thtml
[41]
[42] California Heads for the Social and Financial Latrines: Down they go Bawling for Your Money. http://rycksrationalizations.blogtownhall.com/2008/08/12/california_heads_for_the_social_and_financial_latrines_down_they_go_bawling_for_your_money.thtml
[45] The Road to Social Success, Peace and Justice:
[47] An Open Letter about the Final Solution to Global Warming and How to Save
http://rycksrationalizations.townhall.com/g/c779aad4-14b7-4ba9-a414-43e5c8cde7c8
[48] The Financial Collapse of California and the Need to Hike Taxes
http://rycksrationalizations.townhall.com/g/118339df-3358-4b7a-be62-273f3694b8bc
[49] California: Socialism on a Roll: The Health Care Express to Debt and Poverty and the Poisoned Apple.
http://rycksrationalizations.townhall.com/g/ad8c8f91-529c-46c5-8c09-68658b379c10
[50] Conan Deals with the Barbarians:
Posted by rycK on
[51] The California Health Care Mess [Again]
http://rycksrationalizations.townhall.com/g/58574b80-dce2-4ded-8571-c98512e3c7a8
[52] Another Leftist Bondage Scheme for the Bond Gods. Krugman Speaks of the Evils of the Austerians
http://ryckki.blogspot.com/2010/08/another-leftist-bondage-scheme-for-bond.html
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