Friday, October 31, 2008

Gordo California

And the news from 17% of the US economy:
State officials are expected to formally announce today that the gap between spending and revenues in the budget for the current fiscal year has reached at least $10 billion, and may reach $25 billion by the end of the next fiscal year.

SacBee story.
What was that about government led infrastructure spending cushioning the recession? Be sure to read the comments where most people "get it."

[blogger is acting up, sexy construction worker picture soon]

28 comments:

Aaron said...
This comment has been removed by the author.
Aaron said...

I meant worst.

Aaron said...

first and it's only going to get murst.

damn i f'd that one up.

Aaron said...

worse not worst! sheesh and I can't make the excuse that i need coffee.

Jean ValJean said...

ok, Aaron.. stop posting before you hurt yourself.

Nice and easy now. Slowly back away from the computer... there you go.

Now... FIRST BITCHES!

Rob Dawg said...

LOL! Makes the effort of a blog worth it sometimes.

w said...

I like this comment from the sacbee story

"Don't allow anyone on the public dole the right to vote (why should someone who can't run their own lives, be allowed to decide how this State/Country is run - they'll just vote themselves more freebies or elect those that will do the same)."

I wonder how much tax revenue is down from mortgage brokers and realtards alone.

Aaron said...

JVJ,
first was in comment # 3 :)

I have backed away from the computer. In fact I want for another cup of java. gawd I'm wired for a Friday.

Bill in NC said...

City, county, and state employees are about to find out they are not immune from private sector-style 20% across-the-board salary cuts.

Here no one in city/county government expects any net new hires until 2010.

Jean ValJean said...

Washington Times kicked off Obama plane

3 days after the paper endorsed McCain. Correlation, I know, but still funny. On, and the Dallas paper also was booted, also after it endorsed McCain.
The Washington Times, which has covered the Barack Obama campaign from the start, was kicked off the Democrat's campaign plane for the final 72 hours of the race.

The Obama campaign informed the newspaper Thursday evening of its decision, which came two days after The Times editorial page endorsed Senator John McCain over Mr. Obama. The Times editorial page runs completely independent of the news department.

"This feels like the journalistic equivalent of redistributing the wealth, we spent hundreds of thousands of dollars covering Senator Obama's campaign, traveling on his plane, and taking our turn in the reporter's pool, only to have our seat given away to someone else in the last days of the campaign," said Washington Times Executive Editor John Solomon.

"I hope the candidate that promises to unite America isn't using a litmus test to determine who gets to cover his campaign."


The Dalas Morning News seemed to take the booting in stride:

We think the Obama campaign's decision is to some degree more a function of limited seats, and while we're a large regional newspaper, we're not national and we're not in a swing state.

Sweet Cashback said...

Remember the SOB story I linked to, about the lady chained to her home? Turns out she is another Snowflake!

Lost 7 investment properties to foreclosure before defaulting on her own home.....

Link

I am sure her renters paid their rent to the bitter end! Come on government.....we have to help that poor lady stay in her well deserved home!

Steve said...

About that "temporary" sales tax increase.

1) Is Arnie NUTS?
2) Can the Assembly pass a tax increase without a vote of the people?
3) Is Arnie NUTS?

Oh, and by the way, where are the (*)(**& cuts in spending first!

Rob Dawg said...

Steve,
1 Yes, Arnie has jumped the shark. California is the new Casey Serin. Spent the last few years maxing out credit and shuffling debt and lying. They arte all catching up.

2 The Legislature (assy and sen) can pass and enact a sales tax increase subject to approval. That means they will pass it and the vote will appear on the next regular ballot giving them lots of money they will supposedly have to pay back.

3 In a weird way Arnie is finally sane. California has spent and is spending too much. So much that we honestly cannot fix this with just spending cuts.

It's gonna suck to be here for the next few years. I wish I had a nice Avocado farm in the Santa Rosa Valley to wait it out. ;-)

Steve said...

So Dawg

The Assembly can steal from us for a while, then we can vote NO on any new tax, and they have to pay us back?

Seems like they are digging a deeper hole to dig out of. Only hope is that the R's in the assembly stand firm.

Sweet Cashback said...

Oh you had to bring Avocados up again! Yuck!
Any news on the famous Avocado property with Koi (type of fish) farm?

Rob Dawg said...

Steve,
Yup, they vote and enact and we refuse and they "supposedly" pay us back. But how? Thought about the mechanism? LOwer the Sales tax for an equivalent period? That'll mess up the markets something fierce. The result will be backloading and then frontloading of large ticket items. They'll try to scare the sheeple will stories of horror instead.

Sweet,
410 Avocado is almost ready to go on market as a total rehab flip. I'll be there. And (sniff) the koi farm is gone.

Aaron said...

sweetcashback,

Thanks for the link. The lady is a “Specialist in Mitigating
Foreclosure Losses” in home foreclosure and short sales. See her website :)

http://junereynosales.com/

Sweet Cashback said...

aaron,
That is hilarious! Casey should hook up with her....they have the same idea of creating a business using their past experience in short sales and foreclosures.

Given their track record that business should do REALLY well! Maybe some sweet corporate credit would help?

Rob Dawg said...

Flippy™ has been off line for more than 24 hours. The lack of attention must be killing him.

Steve said...

Rob Dawg

Looks like Fliptard found "Jesus" once again, didn't know that he was lost.

Maybe a new job for 'Tard....Televangelist. I can see all now, the Fliptard Hour of Power...operators now standing by to take your money.

Son of Brock Landers said...

Dawg - do you think the newspapers will fairly tackle the issue of public employee retiree benefits and pensions when the public pension funds blow up?

I'm torn as to the media becoming a champion of the people to increase readership with great analysis of the horrendous public ee benefit plans and the media not rocking the boat because it would take too much effort and they would lose govt sources.

w said...

Heh, heh!

Well small problem Rob. Nobody will lend. 50% down. High six figure income. Payment equivalent to rent on a dump in the burbs. Appraisal 40% higher than purchase price. Apparently it is Freddie/Fannie or nothing. Private money looks good until the "investor" has the final say.

Lou Minatti said...

Californians, when it comes to stupid politicians I would have to conclude that your fair state ranks at the top. And since these stupid politicians can only get into office with the help of stupid voters, I can only conclude that the majority of Californians are stupid. (EN readers excepted.)

Costs for new prison health program called 'staggering'
Published: Saturday, Nov. 01, 2008

If they ever get built, the prison medical czar's long-term care facilities for inmates will cost $2.3 billion a year to run, mostly due to staffing increases that will include art therapists and beauticians.


http://www.sacbee.com/101/story/1362022.html

w said...

Hey! It isn't CA politicians asking for these prison hospitals. It is the Federal bureaucrat assigned by a judge forcing this on us. Although, you are still correct that CA politicians and populace are generally stupid.

Like voting for gay marriage when the LGBT activists already have indoctrination materials ready to go for elementary school children.

http://www.foxnews.com/story/0,2933,445865,00.html

Lost Cause said...

It is a conservative republican reflex to blame the unions, but the problem is that the state depends on the income of rich people every year. If rich people did not have a good year betting on the stock market, this is what you get.

segfault said...

...mostly due to staffing increases that will include art therapists and beauticians.

At least Casey won't have to worry about loosing™ his hair highlights once he's in the care of the state.

serinitis said...

California voters are stupid. Putting prop 8 on the ballet when I directly contradicts the 14th amendment to the U.S. Constitution

Bill in NC said...

"For a decade or more, city leaders have kept thinking that something from outside--demographic changes, high fuel prices or changing consumer tastes--would create a revival for them.

This allowed them to avoid doing hard, nasty things like cutting often-outrageous public employee pensions, streamlining regulations, cutting taxes levied on businesses or improving often-dismal schools and basic infrastructure."

http://www.forbes.com/opinions/2008/10/29/cities-suburbs-unemployment-oped-cx_jk_1030kotkin.html?boxes=custom