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Posted by atbell on Jul-21-2009 15:27:

California

Ah, what's going on in this state?

IOU's instead of tax rebates?

Are government pay obligations still being met?

Are there other states that are in the same boat? I seem to remember reading that a bunch of them were really getting squeezed between deficits and decreasing income from taxation.

Posted by Shakka on Jul-21-2009 15:34:

The latest today is that they have supposedly hammered out a resolution that is going to involve some pretty draconian cuts to education, welfare, law enforcement, etc., etc., etc...

Posted by Moongoose on Jul-21-2009 16:55:

Scientology is based in Cali right? First order of bussines, revoke their tax-exampt status. But dont end there, thats just a start. Seriously, even though its a new tax and I know you americans are wery against that, woudnt it be a lesser evil compared to drastic cuts in education and law enforcement?

Posted by AnotherWay83 on Jul-21-2009 20:26:

yeah i filed my taxes late and got an IOU as my tax rebate

Posted by atbell on Jul-24-2009 00:38:

quote:
Originally posted by AnotherWay83
yeah i filed my taxes late and got an IOU as my tax rebate

Yuck!

Any idea how you ever get money for that?

Looks like there are other states that need to go through the same thing. ... Can't find the article but there was a good map on Financial Times with all the state deficits on it. NY, Nevada, Alaska, Florida and a few others were about as bad as CA.

Posted by Fir3start3r on Jul-24-2009 14:21:

quote:
Originally posted by ********
11.6% unemployment

Quite high.. none the less, there is lots of potential employment in California - and either the crime rate will increase or people will have to pull together more. (or move)

With all this unemployment - if I am (yes me) able to find work in the US (including cali) -- so some of these ass whipes can. (joke being no work in canada for me other than free funds from the govt.)

But no I'm the person who is trying to move to cali to collect welfare yet can't even enter the US to give away cupons for toiletpaper at cost to myself.

The State budget directly has to do with tax rate and operations costs - and lack of income generating state ventures - due to private companies running essential services such as electricity in California.

Its capitalism...

Those who make the money - can keep it. (even though calis tax rate with municipal and federal taxes is already huge) #1 for business.

Is it only republican states running deficits????

Dood...honestly...this was a simple Google search...
http://symbionews.com/thetakeaway/s...icits-2009.html

[edit]: here's a better one - http://www.irs.gov/taxstats/article...=171535,00.html

and btw true capitalism is a situation where you don't get something for nothing...
and if it is, it's because it was only taken from you to begin with only to be handed back in some unsavory government program...

Posted by Fir3start3r on Jul-24-2009 15:38:

...speaking of rhetoric...