No they have actually reduced a ton– just look at the courts!

Yeah, Bud, they REALLY reined in the spending, didn’t they? Right Bud? Talk about fiscal restraint!

Uh huh.

And then there’s the matter of govt accounting (the kind that gets private company CEO’s put in jail — essentially grossly understating the unfunded pension and retiree health care obligations. Not to mention ignoring the coming mushrooming health care subsidy costs.

Ipso presto — a budget surplus!

But Richy you gotta give him credit there—- it was no easy task to balance that thing.

Budgetwise, Brown did indeed succeed in balancing the (official) budget. But at what longer term cost to the economy? We shall see.

The way I see it, many wealthy people are willing to weather the “temporary” CA rapacious income tax, given that it ends in a couple years.

Or NOT end.

If the legislature succeeds in making the “millionaires’ tax” semi-permanent (currently not likely, I conjecture, given the 2/3 majority requirement) — or the voters pass such an initiative (simple majority will do) — then I would expect the departure of the wealthy to accelerate.

Either way, it’s likely that very few wealthy people in other states will be making CA their legal residence. Think Mitt Romney, who vacations here a couple months a year.

As for the CA budget (not the local budgets), the improvement is due almost entirely to a rising stock market and the CA capital gains being taxed as ordinary income. As has happened in the past, come the next market correction, this windfall pretty much dries up, with the usual “unexpected” consequences.

Well, budget wise– he did.

“Richard: Thanks for your info. A good summary of what’s really going on. Of course, Brown handily just won the primary on his theme of having saved California.”

Thanks, John Seiler. I hope to convince the California electorate that such is not the case. Uphill battle, to grossly understate the obvious.

Richard: Thanks for your info. A good summary of what’s really going on. Of course, Brown handily just won the primary on his theme of having saved California.

Here’s a fact that stunned even me. From January 2011 through March 2014, there have been more housing starts in Houston, Texas than in THE ENTIRE STATE OF CALIFORNIA.
http://www.aei-ideas.org/2014/05/chart-of-the-day-california-vs-texas-in-one-chart/

California ranks 48th worst for credit card debt and 49th worst for percentage of home ownership.
http://riderrants.blogspot.com/2013/02/more-dismal-california-economic-rankings.html

Or how about our unemployment:

CA is the 4th worst state unemployment rate (April, 2014) – 7.8%. National unemployment rate 6.3%. National unemployment rate not including CA is 6.1%, making the CA unemployment rate 28.8% higher than the average of the other 49 states. (Sadly, one of the better performances we’ve managed in several years – we were at 4.8% in Nov, 2006 – vs. national 4.6%). http://www.bls.gov/web/laus/laumstrk.htm
Using the average 2013 U-6 measure of unemployment (includes involuntary part-time workers), CA is the 2nd worst (after Nevada) at 17.3% vs. national 13.8%. National U-6 not including CA is 13.3%, making CA’s U-6 29.9% higher than the average of the other 49 states.
http://www.bls.gov/lau/stalt.htm

How about California poverty compared to other states:

California’s real poverty rate (the new census bureau standard adjusted for COL) is by far the worst in the nation at 23.8%. We are 48.8% higher than the average for the other 49 states. Indeed, the CA poverty rate is 20.2% higher than 2nd place Nevada.
http://www.census.gov/prod/2013pubs/p60-247.pdf page 13

Or how about our business climate:

In 2012, our supply of California businesses shrunk 5.2%. In ONE year. NOTE: That’s a NET figure – 5.2% fewer businesses in CA in 2012 than were here in 2011. Indeed, in 2012, CA lost businesses at a 67.7% higher rate than the 2nd worst state!
http://riderrants.blogspot.com/2013/07/in-2012-ca-lost-businesses-at-677.html

The top U.S. CEO’s surveyed rank California “the worst state in which to do business” for the 10th straight year (May, 2014).
http://chiefexecutive.net/best-worst-states-for-business-2014#ranking

From 2007 through 2010, 10,763 manufacturing facilities were built or expanded across the country — but only 176 of those were in CA. So with roughly 12% of the nation’s population, CA got 1.6% of the built or expanded manufacturing facilities. Stated differently, adjusted for population, the other 49 states averaged 8.4 times more manufacturing growth than did California.
http://www.cmta.net/20110303mfgFacilities07to10.pdf

“Booming economy”??? Yeah, riiggghhhhttttttt.

“The on spinning” ?

Hmmmm

Off the meds yet again little buddy?

Hurry—Post now slave troll!!!