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California To Run Out Of Cash In One Month, Controller Warns
If anyone is tired of the daily European soap opera with surrealistic tragicomic overtones, they can simply shift their gaze to the 8th largest economy in the world: the insolvent state of California, whose controller just told legislators has just over a month worth of cash left. From the Sacramento Bee: "California will run out of cash by early March if the state does not take swift action to find $3.3 billion through payment delays and borrowing, according to a letter state Controller John Chiang sent to state lawmakers today. The announcement is surprising since lawmakers previously believed the state had enough cash to last through the fiscal year that ends in June." ....uh, oops? But sure, fix the problem of excess debt by more "borrowing" why not. As for the math: "But Chiang said additional cash management solutions are needed because state tax revenues are $2.6 billion less than what Gov. Jerry Brown and state lawmakers assumed in their optimistic budget last year. Meanwhile, Chiang said, the state is spending $2.6 billion more than state leaders planned on." Quick, someone come up with a plan that involves subsidies and tariffs on China, or something else that deflects from what the source of the problem really is. Because the last thing that anyone in America would want to bring up is this thing called "responsibility" for their actions, or, as in now becoming the default case, the lack thereof. And why do that, when time spent so much more productively scapegoating this, and blaming that for one's own massive errors of judgment.
From the Bee:
The Assembly budget committee is considering a bill today that would enable $865 million of borrowing from existing state accounts, Senate Bill 95. Chiang, after consultation with the Department of Finance and state Treasurer Bill Lockyer, is also seeking about $2.4 billion in delayed payments to universities, counties and Medi-Cal, as well as additional borrowing from outside investors.
Absent these actions, the state would fall below its prudent $2.5 billion cash cushion on Feb. 29, Chiang estimated. On March 8, the state would actually end up $730 million in the red. The state would be below the safe cash cushion for several weeks ending April 13, save for several days at the end of March.
With such actions, Chiang believes the state would not have to use IOUs or delay tax refunds, maneuvers that have been relied upon in previous years. But Chiang also said that "more cash solutions may be required if our revenues continue to erode or if disbursements significantly exceed estimates."
So 3 years after Lehman filed for bankruptcy, everyone in the world continues to be terminally insolvent, but because everyone is in the same boat, everyone pretends not to notice and the best thing is just to blame Meredith Whitney for telling it like it is, if not getting the timing quite right? But at least the Fed isn't about to print up a tsunami of dollar-equivalent ones and zeros.
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I have an idea, sell some of that beach front property to us savers, bitchez.
Time for an "everything must go" sale.
Sell? LOL
CA is buying up & fencing off thousands of CA acres a year even though they can't afford to maintain the parks they already have, much of it prime real estate for development, and what they can't buy at the moment they restrict its use to nothing.
There won't be any CA real estate sales unless CA loses it ability to borrow and that's a long way off, they still have billions in public employee liquid assets left to steal and buildings to leverage and they get new revenue streams everyday, like marijuania "clinics".
I think this will be an issue and a temporary solution when push comes to shove. California might test the waters, then the USG (especially DeptInt Bureau of Land Management) will start auctioning off National Parks. Hong Kong sells parcels of government land each year, on which Li Ka-Shing, Lee Shau Kee, the Kwok Brothers, etc. build miserable little 400 sq ft, 3-bdr, $500K+ high rises, and gets by with a 15% tax rate because of it.
Sadly, when all is sold, I fear some day, in Zuckerberg Park, the Facebook founder will have a $150 million dollar estate atop El Capitan, and Mt. Moonves in South Dakota will then carry the mugs of Snooki, Kim Kardashian, Ryan Seacrest and Lady GaGa.
Perhaps that's the price we pay for being profligate.
If this doesn't propel the /ES over 1350 for good I don't know what will.
This is bullish, right? Isn't everything?
Thats why we are speeding up the Facebook IPO- we tax revs from all the new FACEBOOK employee millionaires
Facebook is going to be the new Groupon and the new LinkedIn. I actually use Facebook to keep in touch with people I know in a variety of different time zones, but I have noticed of late that a lot of people that used to use it have either cut way back or gotten completely out of it. May as well have the IPO now while there is still some semblance of Facebook being a multi-billion dollar company. I'm guessing that by the end of the decade, a lot of these so-called social networking companies will be in the bankruptcy line.
Dot.com Bust 2.0
Some people never learn.
I don't think it will take that long. With the shift in public mood, privacy will become more of an issue, and this period of "tell the world all about myself, and what I'm having for dinner, and what my cat did today" will soon come to end.
I tend to agree. My lone unscientific anecdote: Closed my Facebook accout of 3 years last month, and feel great about it. Kinda embarassed I even opened an account in the first place. I will say one thing for those about to do the same - they don't make closing an account an easy process. Many, many hoops to jump through. Hmmm, now I wonder why it is designed that way ...?
Cos Sargent D is coming and you're on his list! Nice...Stormtroopers of Death.
Excellent description of the social networks WonderDawg.
http://www.nbcbayarea.com/blogs/press-here/Teens-Leaving-Facebook-for-Tw...
Facebook is too useful to be allowed to fail. Believe me--the Feds could only dream of having such a huge database of really personal intelligence on the citizenry.
I guarantee you that Facebook will be around for a *very* long time. If it fails, it'll be because there's no infrastructure left to support it.
It's a lousy business, but a tremendous utility for the state.
who needs cash...
when we all got gats...
now, just throw ur hands in the ai-yer
and wave'em like u just dont ca-yer....
Lets see... revenues down $2.6B from projections, while expeditures are up $2.6B from the budget.
According to DC math, isn't this a wash?
sales tax on amazon sales, royalities on Kardashian sex tapes, Facebook user fees, Mexican immigration cash for citizenship deal, nationalize the Dodgers....That should do it....lol
Or they could sell Southern California back to Mexico>>> If they still want it????
u obviously aint been there in a while....it is Mexico...
de nada...
You're just jealous that So. Californians have a quicker exit route when the whole house of USA cards comes falling down.
Obviously someone didn't hear how the California economy is improving (and when the economy improves, tax collections go up):
http://www.economicpolicyjournal.com/2012/01/even-california-economy-imp...
You might want to actually read the article. Yes, the economy is improving in a Weinmar Germany sort of way.
One poster plus 3 idiots = vast majority of Zerohedgers
Be honest Bill, their is more than three of ya..
Commencing bullish spin in 5, 4, engage CNBC talking heads, 3, 2, algos on standby, 1... PRINT
System will collapse if public not taken into further debt servitude, again? <yawns>
Wonder what ultimately happens when the public is increasingly encumbered with unpayable debt (by politicians). Wonder where all this money goes anyway. Does it just "vaporize"?
They lie to the public and say they believe in a strong dollar and then overnight they will devalue the dollar 40-60% stealing 40-60% of your wealth. It is called monetizing the debt. China and other nations will be pissed because we made their US treasuries worthless overnight and then WAR! Bright future I see for all.
Wait, our HNIC will just give them a few trillion...IT'S NOT WORTH JACK SHIT NOW.....why the fuck not!
HNIC? Hockey Night in Canada? It doesn't have that kind of dough..
I bid $100 for Kim Kardashian...
Is that for a full hour?
No, I was thinking a month. As long as she doesnt talk.
You would need to strap a 2x4 across your ass to keep from falling in.. Otherwise we would have to go spelunking to yank you out, hang on BA were coming.. Watch out for the teeth..
Payment delays...don´t pay your bills...good way to run a business...just like Illinois....but guess what..no one will do business with you in the future...DAH
but perfect timing for an Obama vote buying opportunity......billions for votes..got change
Plus one $98.5-billion bullet train...
California's proposed bullet train took another shot this week when an independent review panel issued a report concluding that the project wasn't financially viable.
http://articles.latimes.com/2012/jan/07/opinion/la-ed-rail-20120107
I'm surprised this got printed in the LA Times. They've been cheerleading the Train to Nowhere despite the obvious logic that it was a really bad financial idea and that there was no justifiable reason to build it other than to please the administration.
YAWN, non-event.
socialism is great until you run out of other people's money~
Someone's been livin' it up at the Hotel California...
Cali needs to plant some money trees.
lol
Ill buy one for my house!
+1
SO what else is new? California has been out of cash since I was living there a decade ago! Good riddance!
Fuck you, California. I couldn't care less if San Andreas opened a gaping maw in the earth, dragging Pelosi, Lohan, Sheen and Waxman screaming and kicking down into the burning bowels of hell for an eternal damnation of pain and suffering.
I repeat, fuck you, California.
Hey, hey, there are some nice beaches there. But besides that, you are right.
100 miles east, they'd be even nicer. ;)
After it falls in the ocean, there will still be beaches. Adios, California.
Hey, fuck you too buddy.
Dr. Vannostrand, meet Dr. Van Nostrand.
http://www.whcenter.org/body.cfm?id=556480
Haha nice! No ill will my friend. Yes Cali has its problems, but for the time being, it is my home.
Vannostrad, I guess you are from Cali, I will speak in your language, "bummer for you dude".
The only problem with California is that it's populated with Californians.
Long marijuana dispensaries, hydroponics stores, garden stores, fertilizer companies.
Harborside Health center (a dispensary in Oakland) paid over $1 million in taxes last year.
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/10/01/prweb8845291.DTL
Perhaps they will finally legalize it out of necessity for those tax $$$. Yeah, it's not much when we'll soon be talking about quadrillions, but its something. Plus the savings from winding down the failed drug war will also add some budgetary cushion.
no mind
Since or swim, California!
RIP 2 PAC!
RIP Cali ...
No more Love!
Here's an interview with Jack Dean, one of the most knowledgeable people on Cali Public Employee pensions. At one point in this interview he says that the state may just stop sending out checks (for a lot of people that is heresy, sacrilege and downright terrifying, but something will have to give). Greece - California Style
http://www.youtube.com/watch_popup?v=KDYw7rg7aV8&vq=medium
Time to raise the taxes and yet destroy more business so that the bloated union thugs can keep their perks.
Dibs on Sausalito...
Ruh roh. I guess they shouldn't have paid all that money to politicians in trying to pass SOPA.
Can't we re-hypothecate Mickey?
Good job Jerry, didnt you just decide that illegals need to stay and soak up more of your states money? F clown!
Could we have Calif and Greece go bust next month? Vegas must have a betting line on this..Who do I call?
Jon Corzine.
Yes, of course, when you need someone on the other side of a ridicules bet what name pops to mind? CORZINE, the man, the myth, the legend.
So, who's gonna go bankrupt first? California or Greece?
Both of them have a Mediterranean climate where you can grow olives and grapes.
Coincidence? I think not.
well if the people vote to borrow and there are buyers of the debt OR they get the credit lines, who is really to blame?
How much debt are pension funds buying?
The last time I was in California, about 9 years ago, I was walking into my hotel to check in and was greeted by a sign posted by the Health Department of the State of California that said, in essence, that the hotel was filled with toxic and life-threatening chemicals and that I was entering at my own risk. An inquiry at the front desk revealed that all hotels in the State were required to post that notice. California is a loony bin, pure and simple.
California is the greatest place on Earth. If it wasn't for that arrest warrant, I'd move back there in a Cucamonga minute.
This story goes nicely with CalPERS 1.1% ROI for 2011:
http://www.calpers.ca.gov/index.jsp?bc=/about/press/pr-2012/jan/re-elect...
Defined Benefit Plans are great when taxpayers are the backstop. It only begs the question as to how many public employee pension funds are doing on top of bad budgets. Or maybe the thought is, there's an endless supply of suckers/taxpayers?
Maybe California can confiscate all the pothead's weed and use the proceeds to continue to give benefits to all the fucking illegals sucking off of Cali's teet. Watch one of the most beautiful states in the nation be ruined by liberal/keynesian ignorance. Let is fucking burn...
http://www.checkngo.com/payday-loans/sacramento/checkngo_locations_sacra...
The world has no money!
From May 2010
During his recent appearance on The Late Show with David Letterman, NBC's Brian Williams was asked about the world financial situation. His answer included this shocking statement: "The world has no money, and the Emperor has no clothes."
During the interview, it was readily apparent that Williams was honestly shaken up by what had happened last Thursday in the stock market. But who can blame him? After all, most of us who watch the markets were totally stunned when the stock market dropped almost 1000 points exactly in less than an hour.
Normally a network news anchor is much more guarded and is much more careful about what is revealed to the public. But on Letterman's show, Williams gave us a glimpse of what he really thinks about the world economic situation....
"If I wasn't a tad too close to this, I'd probably not leave the house. But that's how bad it is."
http://www.dailypaul.com/134025/video-rare-candid-insight-brian-williams-the-world-has-no-money-and-the-emperor-has-no-clothes
While exiting Starbucks in downtown Cowtown (Sacramento), Controller Chiang was stopped by a now endangered tax paying, non-gov't leach Californian. "Hey assclown, what did you and Gov.Shitface do with my tax money besides pass legislation for illegals to get student grants?". He pondered while sipping his mochabuttfuckachino, then channels his inner Patrick Ewing and responds, "“We make a lot of money, but we spend a lot of money too.” The other guy's head explodes a la scanners. He gets on the cell to local CalTrans to come clean up the mess. A road crew of 5 comes to the spot, one guys mops up, three watch him and check out women passing by, and the other goes into Starbucks; jobs created!
This is California.
robbing john to pay juan - classic
This is a non-event. In an election year, do you really think the party in power is going to allow the state with the most electorial votes to go defunct? Jerry will just call Nancy and Barry and all is well, just like that.
Exactly! I said the same thing, abeit a little less succintly. Benny can even do it in secret and we will not find out until after the election when we get to read the minutes.
I ran out of California 19 months ago. You could see the writing on the wall and it was no place to be when things go South. They are running out of water too. I met some great folks there, enjoyed surfing and motorcycling in the mountain twisties. The desert was perhaps the best of all. All ruined by socialists........
We left San Diego as well. Wonderful place, awesome weather, great food and lots of fun....BUT......10% sales tax, 10% state tax, high fees for everything, RE still WAY too high.....so we had to leave. That state is going to have to make one HUGE choice: Cut everything in a rather draconian manner, or get rid of Prop 13. Can't have it both ways, Cali. Ask the Greeks......
in the first instance home values weren't that high before the Bush housing bubble, in the second instance if the Fed didn't manipulate the markets after the bubble collapsed, housing prices would have fallen back to pre-bubble levels.
before we see them repeal the sales tax i think we'll see a national VAT, in other words a 10% sales tax for everybody. but there is so much overcapacity in just about everything that buyers and sellers can exchange merchandise and avoid the sales tax (though certainly the USE TAX is still out there) SD has some of the most corrupt politics but i'm sure you know that story.
Oh yeah......"ENRON BY THE SEA"....made Chicago politics look lke Mayberry....thank God for Mexicans because they worked for so cheap, people at least could afford to eat.
Re. 10% sales tax, 10% state tax, high fees for everything...
What? NO City tax? Stop whining - you dont know how easy you've got it!
Yeah,
I forgot the Mello-Roos fees, and I think some localities charged axtra for sales tax. Sky-high gas tax, too.
I got a buddy out there who says the state is 18 months behind in paying invoices, but officals want him to pay the taxes due on money not yet paid.
Insanity.
What's the big deal? As "new youngman" notes above Illinois has been failing to pay non-crony and otherwsie not politically connected suppliers and contractors for a couple of years now. Many have gone out of business as a result. No problem sacrificing some Republican jobs and businees to keep the party going. They exclude what is not paid from their budgets as if the libalities don't exist. (To their credit they at least have a budget, unlike the White House. I guess they have not mastered the 1.6 trillion deficit continuing resolution yet.) While doing this they of course daily come up with new programs and subsidies as if there was no tomorrow. Wall Street of course keeps their bonds afloat despite this. Why should California politicians and state officials worry given the votes they will have for Obama this fall and with printmaster Ben in office? Go ahead California and build that high speed rail line!. Hell build two or three of them! While you are at it subsdized some more potemkin solar factores and windmill farms, too. I think Illinois is working on a train line too. Where to? I am not sure. Probably to Springfield so to make it more convenient to get down there and back to vote for more spending.
I feel so confident about our future. Not!
Illinois is a hot mess. They raise the corporate tax rate to the highest in the country, then when the crony capitalists - Caterpillar, Sears, and the CME - complain, they carve out special tax breaks for those select few. The tax breaks given to Sears and the CME will cost the State more in lost revenue than the rate hike will bring in.
Gov. Brown won't touch the outrageous salaries, percs, and pensions of state employees but he does want to tack on more taxes for the masses. If you want to really blow your mind then I suggest you check out state salaries here:
StatePay
Remember to just about double the pay to see what the employee costs the state. Pensions average 120% of final pay. Note that there are 15,000 employees in the Dept. of Corrections who earn more than $100,000 a year.
This state's going down.
GAIA's teet milk has gone dry again
In good news, we are becoming a nation of renters!
http://bottomline.msnbc.msn.com/_news/2012/01/31/10280438-america-is-becoming-a-nation-of-renters
The " California Dollar " is coming.
So when the Medi-Cal payment gets delayed and all the private practices start getting the runaround, how long until they start closing doors in patients faces, or- worse yet- closing doors permanently?
Ho-ho-ho! Not dinging you, but laughing out loud! Shut down? No way, Jose! Not while the courts have a say!!!
Los Angeles judge blocks state budget cut to Medi-Cal providers"A Los Angeles federal judge has tentatively blocked Medi-Cal reimbursement cuts to doctors and other providers who treat low-income patients."
"Medi-Cal patients are already having a tough time getting access to care," said CMA President James T. Hay in a statement. "The approved cuts are irresponsible and will only put the health of California's most vulnerable population further at risk."
The most vulnerable! The illegals, Section 8, WIC Grabbers, Welfare Queens and the huge population of lowlifes that the taxpayer has paid to reproduce, so they can vote more of their representatives in, like Karen Bass, Darrel Steinberg and fat-faced Perez.
Kalifornia already issued IOU's and will do so again, what a fucking farce!
They need to call Johnny Corzine.
He can borrow/co-mingle/vaporize some cash from CALPERS to help the great welfare state of Kalifornia out.
Germany found their missing money after they made an offer to fund the EU version of QE. Maybe something like that would work for CA too.
Do we wait for RE to go offered, NO BID for final confirmation?
What was that ladies name again? Mari....Mara.....Meredith ..
Does this make Meredith Whitney wrong again?
A portion of fence at the White House needed replaced. Three contractors were choosen to bid the job. A gubmint offical accompanied each contactor as they did the estimate. The first contractor was from Montana, he took some measurments, they worked up some numbers and said:"This job will cost $2,000. $900 for materials, $900 for my crew, and $200 profit for me." Next was the contractor from Tennessee. He also took measurments worked numbers, and said:" $650 for materials, another $650 for my crew, and $200 for my profit." Finally came the Chicago contractor. He leaned over and whispered into the gubmint officals ear and said:"$6500." The gubmint man was stunned. "But you took no measurements, you worked no numbers, how did you come up with that number?" The Chicago contractor leaned back over and whispered:"$2500 for you, $2500 for me, and we hire the guy from Tennessee to fix the fence."
Bravo Obsolete! Fukin true.
It is not a joke. This is how governments work.
California, tax your population to death so you can give fat pensions to your public workers, give free heath care and college to illegals. A sure plan for for bankruptcy.
California muni-bonds going parabolic
http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosetti...
The RoboRoach posts then scurries away! Did you get a flat bicycle tire on your paper route this morning? Robo you are going to need wheelbarrow fulls of those Muni's to purchase a pack of your favorite Gummie Bears-Gummie Bugs...
Yes, this is first time Robo shows up on stock failday.
Can't even boast about them.
Meredith?
It is hard to imagine the carnage that is certain to occur when the Government defaults begin en masse. And begin they will.
living in California I hope we go bankrupt so i can buy something on the cheap with my g & s
the problems go back at least as far as Arnold, who rolled over their massive debt rather than deal with raising taxes. then gov Davis wanted to raise the vehicle fee, (and other taxes) Arnold pummelled him, won the election, and one of the last things he did going out the door was raise the vehicle fees. its clear that tax and spend is really better than borrow and spend in the long run. but in a state which depends on sales tax, allowing people to shop tax free on the internet is counter productive. Brown wanted to change that but evidently silicon valley called his bluff. when you keep raising the sales tax eventually people stop spending. but at least Brown did stop the redevelopment agency corporate welfare giveaway. (some people were trying to arrest the mayor of San Diego yesterday, a lame duck pro Republican businessman, he wants the taxpayers to build a giant convention center sports stadium - too bad this arrest the cretins movement doesnt' catch on in Washington, they wouldn't know where to stop)
but California is progressive enough to keep doing research on stem cells, even when Bush threatened them, and to allow some amount of medical cannibas, and capture a few dollars there. Barry promised to do something about that but guess what, yeah he lied. and of course we have silicon valley, and a lot of alternative energy companies, which in the deep south they get foreign manufacturing, Honda and Ikea. guess who comes out on the short end economically?
and to go back to SD which has a city pension fund problem, there wouldn't have been a problem if there was no housing bubble, which was acute in CA where values were the highest. unions negotiated benefits because you don't want your cops and firemen living in cardboard boxes. housing tripled in a couple years. most if not all the problems came out of DC, including the ENRON electricity trading scandal, the housing bubble, and Goldman Sachs ripping off the CalPers system. when you look at the problems in CA look back at DC to get your answer.
now,... would you believe that two-year college's could/would/should garner such a wage windfall with unlimited delicious fringies on the backpacks of future serfs?
http://www.sacbee.com/2011/02/27/3433947/pay-for-californias-72-communit...
Ps. "Education: The Commodity of the Futures Market has hit a Learning Curve?"
In fog city USA Pacifica, CA some bureaucrat has figured that they may make up for a good chunk of this deficit problem by installing iron rangers at pacifica state beach open to the public for free well since time began i guess. They tried deceiving the folks over there by saying they would get to park for free if they lived in pacifica. Now the free use for residents is off the table as they implement the fee. I dont think the folks in Pacifica will take to kindly to the new iron rangers. May be quite a bit of vandalism going on..
What is an iron ranger?
Access for Infants and Mothers (AIM)You'd be amazed at how many entitlement programs there are here in California! You want to pop out a baby, or two or three! You're not working either? And your mother and grandmother never worked? You don't know who your Baby Daddy(s) are? No problem!!! That dirty rich Taxpayer (or anyone who makes $75K and up) will be HAPPY to bankroll you.
Congratulations!
You have a baby on the way! The State of California wants to help you get good health care during your pregnancy, even if money is a little tight. Going without prenatal care can cause many problems for you and your baby. Studies show that women who do not get prenatal care often have more complicated (and expensive) births. If you don't have insurance to cover your pregnancy and are not receiving no-cost Medi-Cal or Medicare Part A and Part B, the Access for Infants and Mothers (AIM) Program may be just the helping hand you and your baby need.
http://www.aim.ca.gov/Home/default.aspx
First 5
First 5 California represents an important part of our state’s effort to nurture and protect our most precious resource – our children. Research shows that a child's brain develops most dramatically during the early years of life. Our focus at First 5 California is to educate parents and caregivers about the important role they play in their children’s first years. First 5 California’s services and support are designed to ensure that more children are born healthy and reach their full potential.
http://www.ccfc.ca.gov/
WIC
WIC is a federally-funded health and nutrition program for women, infants, and children. WIC helps families by providing checks for buying healthy supplemental foods from WIC-authorized vendors,
http://www.cdph.ca.gov/programs/wicworks/Pages/default.aspx
Think you'll solve the CA budget problem by starving the unwed moms and their kids?
Or are you pissed off that someone isn't helping feed you?
"through payment delays and borrowing".
Why not through COST CUTS?
California should put the border coyote's out of business. Take over the market by just charging ten grand per head immigration tax on any Mexican who wants to cross the border to do farm work, gardening, landscaping, and all of the other shit jobs no one up here wants to do, or, in the case of aging boomers, lack the physical ability to do. Instant work force, tax payers, consumers, occupy foreclosed homes, turn the California deficit upside down in a year, and make for the fastest growing economy in North America overnight. Viva Meheeko !.
There is no farm work. California wrecked its agriculture by depriving it of water in favor of some tiny fish, which to the environazis has greater value than the billions of dollars which were formerly earned by farmers in the Central Valley.
And you've got to love this! The State of California wants to tell mothers how to breastfeed their babies! Heck, I can figure that out and I'm a man! I wonder how much taxpayer money they spent on this? I love the "10 components of loving peer support
WIC Breastfeeding Peer Counseling Program Participants: Are you looking for a peer counselor or want to become a peer counselor?Please contact your local agency.
Local Agencies:The California WIC Program was funded by USDA to implement/administer a peer counseling program. Information below is provided to assist you in implementing your program.
If you have any questions, please contact Jackie Kampp at (916) 928-8519 or Jackie.Kampp@cdph.ca.gov .
http://www.cdph.ca.gov/programs/wicworks/Pages/WICBFPeerCounselor.aspx
California voters got and will get what they deserve. The road to ruin is oaved with fucking idiots and California is loaded with them. Hell I was born and raise in venice Beach and returned there earlier this year. I thought it was a third world country I live in overseas. Hell they could round up most of the illegals at the home depot, Lowes and the local walfare offices. I xcould not get to any of them without closeing my vehicle windows and almost running them ver. I was making repairs on my fathers house and he is 90 and needed an aide.
I left there andnever looked back and I am happy I did. Having said all of that California sends 44 billion to the Fed and get 40 billion back. Kinda and sorta fucked up in my mind seeing how texas and some other southern states get more back from the fed then they send to the fed.
Not defending the state because it is a shithole right now and I thought they already legalized marijuana and taxed it.
I left San Francisco in 1979 and have never looked back.
Gold Bless the United States
And if California slides into the ocean,
like the mystics and statistics say it will,
I believe this hotel will be standing,
until I pay my bill...
- Warren Zevon
This exclusive video just came in regarding the state of California and it's legislative efforts to right the ship of state.
http://www.youtube.com/watch?v=pA6Roqcbg5g
We need a bail out from Warren...
I've got it. Tax sunshine
That was tried but they couldn't figure out what portions of sushine was used by corporations and what portion of sunshine was used by the public.
We do tax rain water run off though...
http://www.youtube.com/watch?v=A9cvBVyLRY0
http://www.youtube.com/watch?v=9Ig-rgeXpF8&feature=related
http://www.youtube.com/watch?v=yY9EXSDYd9o
The problem with California isn't Prop 13, nor Jerry Brown, nor Arnold. California is the shining piece of shit in the sky that is "Direct Democracy". We, residents of CA, over time have voted to limit of taxes that the state can collect, and have voted for more spending.
The way our constitution is now structureed, I have no idea why we even need State Legislature. These guys can't govern, and just up there to yell their parties talking points on the highest mountain tops hoping someone listens so they can run for federal office.
We need a Constitution start over.
if they had direct democracy in DC we wouldn't have had the war in Iraq, or Obamacare or any of that "shit"
US law enforcement buys Saiga-12 combat shutguns from Russian Kalashnikov manufacturer Izhmash.
http://www.thefirearmblog.com/blog/2012/02/01/izhmash-selling-guns-to-us...
http://translate.google.com/translate?sl=ru&tl=en&js=n&prev=_t&hl=en&ie=...
Legalize weed for one day and all bills will be paid.
As an observation, horrific, cataclysmic, Armageddon scenarios are always just a hairsbreadth away yet life inevitably muddles forward. When California's vast hoard of cops' healthcare premiums go unpaid, their defined pension benefits collapse, and their retired members are foreclosed upon in their seaside condos, then cause for concern genuinely exists!
Coming soon to California mailboxes: "GoldmanSachs saves Californians even more by offering bundling of water, sewer, power, gas and property taxes in one convenient, monthly bill. Or, if you're eligible, you can now take advantage of our direct-deposit plan and have your CALPERS check applied to your account. Plus, you'll automatically be entered to win tickets for two to Disneyland, our newest Southern California acquisition. And don't forget to join us for the grand re-opening of the newly remodeled GS Yellowstone National Park on June 16! As your new Governor Jaime Dimon likes to say, "GoldmanSachs is the Golden State!"
Has no one here learned anything? All california needs to do is bundle all this debt, move it over to the asset side of the accounting books, then leverage 40 to 1. Done. Enough money to last forever (assuming forever means October)
Could fix the other side of prop 13. property values only reset once the ownership of said property changes. No problem. Simple solution. The wealthy and corporations form a shell corp who's sole asset is the identified real property and when they want to sell they only transfer the ownership of the shell corp thus the property value never resets. So in essence once prop 13 went into affect, the 1% haven't had their property values reset. yes I realize the value can go up by 1% - small price to pay.
Learn to swim Bitchez, See you in Arizona Bay, take a listen, you will not regret TOOL..
http://www.youtube.com/watch?v=E8vmaj75xzE&feature=related
+$1739
Seen them thrice in concert, unreal. Maynard is a true artist. Anyone unfamiliar with Tool, be sure to check out A Perfect Circle as well, check the lyrics, I think Maynard is a ZH member.
Listening to Eulogy as I type.. Look I lvied on Dog beach, Mission Beach, La Jolla, Redding and Ca is fucked get out while you can, see the light.. Nothing personal just get out while possible..
If anyone could be saved by legalizing and taxing drugs, it's California. Coke and ecstasy in the San Fernando Valley alone would lead to a budget surplus.
The private prison industry will have none of that nonsense...
I call FRAUD! http://www.sco.ca.gov/Files-ARD/CAFR/cafr10web.pdf
Page 46...Statement of Net Assets...this is Gov Right, not a CORP which so many of us KNOW this thing is. Well this CORP is hanging onto a little over 23Billion in the CASH account folks. Running out of cash? What is the burn rate? Check the notes, I didnt look to hard but we know its a blend of short term maturity paper. Sell it then, stop extorting the People.
This is going on at all levels of the game. Stop waiting for this and start asking some questions. That's it. You don't have to do much. You shouldnt have to. They were created for our benefit, to serve us for certain goals that are clearly not being met. Simply ask the questions and post it on utube but might as well get its succesor ready cuz its about to get cenzored.
Wait I know. Apple brings its 100 billion back on shore and pays its fucking taxes. Wow funny how that woks.
California is broke? Just wait until the Obamacare trainwreck hits the state at full speed...
IOU Hyperinflation!!!!!
We're screwed!
Hey Jerry Brown, how's that Dream Act (free education for illegal immigrants) you signed into law last year working out for ya? F*CKING MORON!
...who did California vote for? Oh yeah. Lol. Who will they vote for again? There is no doubt they will vote for Rosemary's Baby aaaagain. Lol. Tally ho no! ...belly up!
http://www.youtube.com/watch?v=c3bBTsj5x_8&feature=related
The State of California has an incredible opportunity to become the primary purveyor of legalized marijuana sales.
Revenue gap closed. Tourism up. Brown would guarantee his re-election and have plenty of money for all his whimsical projects.
Everyone's happy.
Shit. That was easy.
I live in California :/
Viva Mexico