California must go bankrupt

[coyotes_geek]

You really haven't been paying attention to whats going on. Congress didn't vote to bail out AIG either, but we sure as did it.

And trillions and trillions of bailout dollars later congress isn't going to stand buy and let the government bail out california when their own states aren't getting similar treatment. Since Obama needs congressional support for his agenda he's not going to go over their heads. Plus he's already gone on record as saying there will not be a special bailout for california.

[JudynTX]

Legalize weed in California, problem solved.

[CosmicCowboy]

And trillions and trillions of bailout dollars later congress isn't going to stand buy and let the government bail out california when their own states aren't getting similar treatment. Since Obama needs congressional support for his agenda he's not going to go over their heads. Plus he's already gone on record as saying there will not be a special bailout for california.

There are a lot of ways to bail them out. Obama specifically did not rule out fed guarantees of state debt (including California) if necessary, and that is just the same as a bailout.

[coyotes_geek]

There are a lot of ways to bail them out. Obama specifically did not rule out fed guarantees of state debt (including California) if necessary, and that is just the same as a bailout.

Agree to disagree. We'll see what happens.

[LnGrrrR]

or you can have the integrity to concede his point I doubt you do.

If his point is that the majority of the Congress are democrats, and that's the reason why they're in trouble, then it's a bit of a hazy line. I'm sure spending practices were stupid, and yes, Dems probably handled some of that.

I don't have enough of a bone to bother picking a fight.

[hope4dopes]

[QUOTE=PandaSpur;3699937]Legalize weed in California, problem solved. [/QUOTE

You could legalize weed,crack,heroin and ACORN in California, and it wouldn't do .They'd spend every dime you could raise and more.

[Wild Cobra]

WC asked how long Dems have held the California Congress. I made a tongue-in-cheek reference that it was long as the Guvernator. It's his implication; he can feel free to do the research for it.

California Legislature, third paragraph:

The California State Legislature currently has a Democratic majority, with the Senate consisting of 25 Democrats and 15 Republicans; and the Assembly having 49 Democrats, 29 Republicans, 1 Independent, and 1 vacancy. Except for the period from 1995 to 1996, the Assembly has been in Democratic hands since the 1970 election (even while the governor's office has gone back and forth between Republicans and Democrats). The Senate has been in Democratic hands continuously since 1970.

[George Gervin's Afro]

California Legislature, third paragraph:

So clarify for us who is to blame for a state's woes. The Gov.? The legislature? The current President?

Please clear this up for all of us.

[coyotes_geek]

It's Fox News' fault.......

[George Gervin's Afro]

It's Fox News' fault.......

I'm trying to figure out who is to blame for a state's budgetary woes? Can you answer that? Pretty simple question. I don't blame you for not wanting to answer.

[Wild Cobra]

So clarify for us who is to blame for a state's woes. The Gov.? The legislature? The current President?

Please clear this up for all of us.

The California legislature.

[coyotes_geek]

You're right, it is a simple question. It's the fault of the legislature and the governor. Happy now?

[George Gervin's Afro]

You're right, it is a simple question. It's the fault of the legislature and the governor. Happy now?

So whoever is in charge of a state's legislature and governorship is to blame. I happen to agree. Now let's go find the GOP states and blame the GOP for being failures..

Houston is experiencing it's highest unemployment rate in many years..Oops Perry and the GOP are to blame..

[Wild Cobra]

You're right, it is a simple question. It's the fault of the legislature and the governor. Happy now?

I would agree to include the current governor if the legislature didn't override his vetoes.

Example:

Stopping the Governor's Vetoes

[coyotes_geek]

So whoever is in charge of a state's legislature and governorship is to blame.

For the state budget, absolutely.

I happen to agree. Now let's go find the GOP states and blame the GOP for being failures..

Fair enough. Got a particular state in mind?

Houston is experiencing it's highest unemployment rate in many years..Oops Perry and the GOP are to blame..

Unemployment is not a function of the state budget. If it were, would that mean that Perry & the GOP deserve credit since the unemployment rate for Houston and the rest of Texas is much lower than the national average?

[LnGrrrR]

Props to you for looking it up WC.

[Wild Cobra]

Props to you for looking it up WC.

I already knew the answer before posting. Some things are easy to find. Others are hard due to information overload.

[LnGrrrR]

I already knew the answer before posting. Some things are easy to find. Others are hard due to information overload.

I had no clue, personally, how long the Dems had the California Congress, and couldn't find it with a quick search.

I'm more than willing to concede that it's highly likely that the Democratic Congress spent way more than it should have.

[coyotes_geek]

I would agree to include the current governor if the legislature didn't override his vetoes.

Example:

Stopping the Governor's Vetoes

It's a two way street. The governor and the legislature share responsibility for getting a deal done. The gov shouldn't get a pass just because he played the "my way or the highway" card and the legislature had the right to override his veto. They need to work together to solve the problem.

[Wild Cobra]

It's a two way street. The governor and the legislature share responsibility for getting a deal done. The gov shouldn't get a pass just because he played the "my way or the highway" card and the legislature had the right to override his veto. They need to work together to solve the problem.

When the legislature can override the veto, what can the governor do? You want to blame him for doing what is in his power to stop the excess spending?

[Wild Cobra]

I had no clue, personally, how long the Dems had the California Congress, and couldn't find it with a quick search.

I'm more than willing to concede that it's highly likely that the Democratic Congress spent way more than it should have.

Key point was it was always democrats in the senate since 1970, and all but one term since then was democrat controlled of the assembly.

Look at the ed up states. Most of them have mostly been controlled by democrats.

[coyotes_geek]

When the legislature can override the veto, what can the governor do? You want to blame him for doing what is in his power to stop the excess spending?

Why shouldn't he share some of the blame? He has a say in the budget too. Yeah, it so happens that the checks and balances end up giving the legislature the final say if they can override a veto. Still, that shouldn't get him off the hook because the problems California is facing now were years in the making. Has he been vetoing every budget since he got into office?

But you are correct in that the legislature has primary control over the purse strings. Basically this is all I'm trying to say. 0% < % of blame Arnold deservers < 50%.

[CosmicCowboy]

California has been building this problem for 20 years+. After prop 13 passed they didn't reign in spending appropriately and have been relying on income taxes for the majority of their state revenue...that was OK in the good times but then a recession hits, income tax receipts go down, and they have more money going out than they have coming in.

[nuclearfm]

California needs to secede from the union and return to Mexico. Anglo Hippie rule will end! The Lakers can move back to MN

[nuclearfm]

California has been building this problem for 20 years+. After prop 13 passed they didn't reign in spending appropriately and have been relying on income taxes for the majority of their state revenue...that was OK in the good times but then a recession hits, income tax receipts go down, and they have more money going out than they have coming in.

Yup, It's also a high certainty that if they had a higher property tax, their property values wouldn't have risen so INSANELY high. There would be not such a high inflation.

Hippies always want everything without paying for it.