The Spendacrats in Ca will do what they always do.“Rainy day fund? What’s that?”And then they will just raise taxes again because having the highest taxes in the nation is not enough for the looney left.
California has finally got their financial house in order. Is this a bad thing? If there are Spendacrats on one side they are opposed by the Greedhead Extractive Party.
What the anti-California ultra conservatives on this site never seem to is just how important the California Economy is to the entire USA!
California is the twelfth largest economy in the world, and the only state economy in the USA with a Gross Domestic State Product (GDS) greater than $2 trillion, at some $2.2 trillion. Not too shabby, for a state with tree-hugging left wing (supposedly anti-business) environmentalists in charge! And due to a powerful OSHA California workers are the safest in the USA, although that would not be an FBI statistic. And it is those relatively safe and well educated workers that are keeping most of the more high tech industries (that without well educated workers could not even exist) in California, despite relatively high state taxes. Up and coming businesses such as Elon Musk’s spacex, Burt Rutan’s Scaled Composites, and many other new aerospace space entrepreneurs out at the Mojave Spaceport are just one part of that increased economy. Then there are traditional manufacturing concerns such as Haas Automation Inc. the largest manufacturer of CNC machine tools in the western world (and possibly in the entire world as well) out at Oxnard City in Venture California. I know there are those that will then point out the mass exodus of bushiness from California. But if you look up the truth that number comes out to less then 500 such businesses per year, which is just noise. I can drive down Pacific Coast Highway past literally 10,000 or more bushiness (both small and large) within a 50 mile drive!
And that higher educational system itself? It consists of the largest Community College system in the US, the largest State College system in the US, and the University of California, one of the largest and most respected University systems in the entire world, let alone the USA. With such world renowned private Universities as The University of Southern California (USC), Stanford University, and the most respected high technology institute in the US (if not the world) in the California Institute of Technology out at Pasadena.
On top of all this there is also the fact that California has the largest agricultural base in the entire USA. An agribusiness that is worth more than the agribusinesses of the next highest three states combined!
And all of this combined with the simple fact that Californians pay $1.00 to the federal government in such as taxes, and only receive $0,78 back in federal services, which compares quite favorably with just about every other “Red State” in the USA. So, just who are the makers and who are the takers for the federal government? Perhaps all of those ultra conservatives living in the red states should be praying that California never does what the southern stated did in succeeding from the US. No real need to worry though, we so called liberal Californians will see to it that never happens. And you are all welcome!!
I knew that somebody would suggest such an insanity! However, California is one of the few states within the US that could survive such a leaving of the Union. Not only would that directly affect the economy of the rest of the states, but California could then charge whatever tariffs (as California is also by far the largest importer of goods for the rest of the US from the Pacific Rim Asian countries to the US) it then wished. Making such goods cost more for the rest of the US while just about eliminating any financial problems for California. In fact, that is just exactly what is one of the main selling points of our own brand of Texas style secessionists here in California. Luckily for the US and the rest of the states, they are just as small a minority here as they are in Texas. Once again, the rest of the US is very welcome. At least by someone as patriotic to the US as I am, at any rate!!
“And if you pass through New Mexico on your way, stop for awhile, see our gorgeous state, spend lots of money, but don’t plan on staying.”Looking at how NM ranks nationally for education, poverty, the number of uninsured, general health, violent crime per capita, suicide, and teen birth rate, I can guarantee you I won’t staying in your state.
Umm… safest? By which metric? California isn’t in the top 15, and actually rolls in as the 15th Worst state for crime. So at least half your comment is full of hot air.Also, the “surplus” that is being listed is due to a budgeting gimmick; the long-term liabilities grossly outstrip the long-term revenues of the state. They are assuming a growth pattern nearly double the current growth for interest rates on their pension funds. The state is rolling towards bankruptcy, people just don’t see that.
ConserveGov almost 11 years ago
The Spendacrats in Ca will do what they always do.“Rainy day fund? What’s that?”And then they will just raise taxes again because having the highest taxes in the nation is not enough for the looney left.
Chillbilly almost 11 years ago
Conservatives: WHINE about deficits. WHINE about surpluses. WHINE about EVERYTHING.
(But do nothing.)
Captain Colorado almost 11 years ago
“You ARE dinner!”
bgarner almost 11 years ago
California has finally got their financial house in order. Is this a bad thing? If there are Spendacrats on one side they are opposed by the Greedhead Extractive Party.
frodo1008 almost 11 years ago
What the anti-California ultra conservatives on this site never seem to is just how important the California Economy is to the entire USA!
California is the twelfth largest economy in the world, and the only state economy in the USA with a Gross Domestic State Product (GDS) greater than $2 trillion, at some $2.2 trillion. Not too shabby, for a state with tree-hugging left wing (supposedly anti-business) environmentalists in charge! And due to a powerful OSHA California workers are the safest in the USA, although that would not be an FBI statistic. And it is those relatively safe and well educated workers that are keeping most of the more high tech industries (that without well educated workers could not even exist) in California, despite relatively high state taxes. Up and coming businesses such as Elon Musk’s spacex, Burt Rutan’s Scaled Composites, and many other new aerospace space entrepreneurs out at the Mojave Spaceport are just one part of that increased economy. Then there are traditional manufacturing concerns such as Haas Automation Inc. the largest manufacturer of CNC machine tools in the western world (and possibly in the entire world as well) out at Oxnard City in Venture California. I know there are those that will then point out the mass exodus of bushiness from California. But if you look up the truth that number comes out to less then 500 such businesses per year, which is just noise. I can drive down Pacific Coast Highway past literally 10,000 or more bushiness (both small and large) within a 50 mile drive!
And that higher educational system itself? It consists of the largest Community College system in the US, the largest State College system in the US, and the University of California, one of the largest and most respected University systems in the entire world, let alone the USA. With such world renowned private Universities as The University of Southern California (USC), Stanford University, and the most respected high technology institute in the US (if not the world) in the California Institute of Technology out at Pasadena.
On top of all this there is also the fact that California has the largest agricultural base in the entire USA. An agribusiness that is worth more than the agribusinesses of the next highest three states combined!
And all of this combined with the simple fact that Californians pay $1.00 to the federal government in such as taxes, and only receive $0,78 back in federal services, which compares quite favorably with just about every other “Red State” in the USA. So, just who are the makers and who are the takers for the federal government? Perhaps all of those ultra conservatives living in the red states should be praying that California never does what the southern stated did in succeeding from the US. No real need to worry though, we so called liberal Californians will see to it that never happens. And you are all welcome!!
kccaz01 almost 11 years ago
I think I should move to CA. I enjoy paying higher taxes, union dues, food prices, gas prices, housing prices, and all this with lower wages.
frodo1008 almost 11 years ago
I knew that somebody would suggest such an insanity! However, California is one of the few states within the US that could survive such a leaving of the Union. Not only would that directly affect the economy of the rest of the states, but California could then charge whatever tariffs (as California is also by far the largest importer of goods for the rest of the US from the Pacific Rim Asian countries to the US) it then wished. Making such goods cost more for the rest of the US while just about eliminating any financial problems for California. In fact, that is just exactly what is one of the main selling points of our own brand of Texas style secessionists here in California. Luckily for the US and the rest of the states, they are just as small a minority here as they are in Texas. Once again, the rest of the US is very welcome. At least by someone as patriotic to the US as I am, at any rate!!
Jason Allen almost 11 years ago
“And if you pass through New Mexico on your way, stop for awhile, see our gorgeous state, spend lots of money, but don’t plan on staying.”Looking at how NM ranks nationally for education, poverty, the number of uninsured, general health, violent crime per capita, suicide, and teen birth rate, I can guarantee you I won’t staying in your state.
ianrey almost 11 years ago
Well, yeah, liberals create surpluses, they should decide how to spend them.
Wraithkin almost 11 years ago
Umm… safest? By which metric? California isn’t in the top 15, and actually rolls in as the 15th Worst state for crime. So at least half your comment is full of hot air.Also, the “surplus” that is being listed is due to a budgeting gimmick; the long-term liabilities grossly outstrip the long-term revenues of the state. They are assuming a growth pattern nearly double the current growth for interest rates on their pension funds. The state is rolling towards bankruptcy, people just don’t see that.