California’s economic situation!

Bourbon said:
You're Right, they didn't have excuses for failure ...
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You think being exponentially larger than Japan geographically with much a smaller demand for a national passenger rail system is an 'excuse for failure'?

Have another drink.
 
They have the highest income tax rate in the country. It is why they shit a brick when they thought they were going to lose the SALT deduction which allows California to suck money out of the federal treasury off book.
 
Creeper said:
Getting to be a pattern here. Bush to Obama....Governator to Jerry Brown. Another case of a Democrat having to clean up an epic mess left behind by a Republican predecessor.
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Is Brown cleaning up a mess by signing tax increases into law that don't even begin to cover the enormous unfunded state pension liabilities?

Tell me, which Republican is responsible for those, and the housing crisis?
 
Bourbon said:
I can't for the life of me understand why this country can't have something that Japan had in the 60's
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The costs are off the chart and there are all kinds of competiting interests battling for their pot of the money. The question to me is is this the future? By the time this is done, if it ever is, what new Elon musk invention for transportation will be available? We're trying to build mid 20th century things now.
 
Sirthinksalot said:
Brad wants to omit that part. I see you had already addressed most of the points I made before me.
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Brad doesn't like to revisit things sometimes.

PM me and I'll give you an example of something he said that he probably doesn't want to discuss anymore.
 
cawacko said:
That's right we do have a surplus which is great. But when you talk about our economic situation that pales in comparison to over $100 billion in unfunded liabilities we face.

California's revenue depends heavily on higher earners and the stock market doing well and both are happening right now. However a downturn is coming and California will be hit hard. To Brown's credit he wants to put the money in a rainy day fund while the state Congress wants to spend it.
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Racist right wing lies....YAWN!
 
cawacko said:
That's right we do have a surplus which is great. But when you talk about our economic situation that pales in comparison to over $100 billion in unfunded liabilities we face.
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Those liabilities cover what period of time?
 
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