California Budget Crisis, Sales Tax Holiday & 44 State Deficits

[ExploratorCanis]

Of the top 7 states in budget crisis all are in the top 10 states with the most illegal aliens....go figure.

Ca. alien costs projected @ 9.6 Billion in 2009, 10.1 in y2010 and Ca is just over 20 Billion in the red in 2010..go figure.

y2011 Ca in est 26 billion+ because of deferred costs and additional interest costs.

Basically, Ca without illegal alien costs could have balanced the budget back in 2008 by cutting off all services to illegals...to late now, deferred + int ballooning.

[danielcooper1000]

(see youtube video) Darrell STEINBERG runs from Atty FINE Question

[skysinging]

What happens if all States are in deficits of cash and government does not support them?

[Mr2wings]

Don't buy! Save Save Save your money. If you want a win win , buy silver oz and this way you bought and saved at the same time. Check out the 20 K people in Las Vegas at a tea party.... Check out constitution party. IT'S WHERE i HANG MY HAT.

NJ 14 billion in the hole.

[Mr2wings]

IN New Jersey we are broke as well 14 billion in the hole. Gov Christie cut all the state dept from 5% - 39 % of the employees. In New Jersey we have a property tax rebate system. Basically you pay your property taxes and then the state govermant returns about $1,200 of it back. Gov Christie fire 39% of the tresaury workers and instead od giving us a $1,000 back he will give a credit to the local municipalities so then we can have a lower tax bill each year. Do not buy,

[Mr2wings]

Even if the states sell their assets they need to cut spending. Alot of the big salaries need to be cut. In New Jersey we had 605 school superintendents making 175K -300k per year plus car, medical, secretaries that do not type, etc.... 50 of them have no schools to be in charge of! They all have big staffs, big offices, big expenses and our property taxes on a average 2000 sq foot home is 8,500 per year. Gov Chris Christie just got voted in Jan. and he is starting to cut each dept.

[Mr2wings]

Even if the states sell their assets they need to cut spending. Alot of the big salaries need to be cut. In New Jersey we had 605 school superintendents making 175K -300k per year plus car, medical, secretaries that do not type, etc.... 50 of them have no schools to be in charge of! They all have big staffs, big offices, big expenses and our property taxes on a average 2000 sq foot home is 8,500 per year. Gov Chris Christie just got voted in Jan. and he is starting to cut each dept.

[cresidue]

@Mr2wings Good info. $8500/year is outrageous, and I thought my taxes were high. Unfortunately, worthless people with unnecessary jobs exist throughout state & federal government and Obama is growing the Federal government bigger & bigger. I'm glad you say Christie is trying to cut spending in NJ, but what can he really do with the Union deal made by his predecessor?!!

[cresidue]

Good video, but I'm sorry to tell you it's Dems & Reps that got us all into this and Schwarzenegger is so NOT a Republican! Which really doesn't matter but look at his history, he behaves like a Liberal, he's married to a Liberal. Why is it that every Dem thinks Obama is going to save you? Obama took a bad economy from Bush and made it 10x worse with his Socialist agenda! Thank Obama, Pelosi, Reid, and Bush for all this mess...

[Mr2wings]

@cresidue google constitution party.

[certifiedloco]

I hate this state so ****ing bad it's sickening.. I am so pissed with these new commercials with Arnold and his crew telling visitors they will be back. Screw that. Everyone knows, California is full of gangbangers and douchebags. In my opinion he gets both awards. King of Republican Gangbangers and King Of All Douchebags CA. I live on nothing but disability and am nearing homelessness. Bailing this state asap-

[motelcalifornia]

Dude!!!

I'm like SOOOOO stressed!

LOL

[godscuttingyoudown]

forget about California DEMCAD

start building your lifeboat

get some food, maps escape routes, and if you live in a dense pop means of protection

[JurkoffJay]

Aren't you happy though? Fuck this shitty ass system that enslaves us.

[AWakeWoman155]

This new budget will raise taxes on a gallon of gas by 12 cents, raise the general state sales tax by a penny, double the car tax invoked for registration, and place a 5 percent fee on people to file their state income tax. It will place an estimated $1700 a year tax increase on every household in the state over the next five years. It shouldn't pass, period.

Google "KFI John and Ken show", read the page, listen to some of the archived shows, and educate yourself on the truth behind the budget.

[sickwiththetruth]

I think that Las Vegas will be just like California. Las Vegas depends on tourism and that is way down.. So much so they are laying off at a lot of casinos and that is unheard of. Although, they don't pay much above minimum wage at those big hotels and casinos..lol But the foreclosure rates are way up, which means the county doesn't get their money for home taxes. We also have too many illegal aliens in Las Vegas.

[mightymike53]

when you count all of the counties,cities and local government's the state is about 25 billion behind already

[mrjaywilliams]

Well I wouldn't hold your breath.. It will take some time to turn around.. The government's intended solutions will ironically create even bigger problems for the future.

[getalotofit]

California budget crisis could be solved in one month if they legalize weed put a nice tax on it and sold it in stores. It would fly off shelves overnight.

[nesnman]

Many things are not being taxed. Obama needs to tax all internet sales. And tax income made on Ebay Sales, internet downloads. The Free Ride over.

[nolibsinmycircle]

Now you have all the dumbasses in this state that voted for Obroka, and the rest of the idiot democratic legislator with drull comning out of their mouth. Dah what do we do we have to screw the working class of course that's the conservative ones who always pay the bills.

[snoopdog68]

Thow out all the wetbacks

[BlackMask2012]

Maybe china can bail us out. They can start by purchasing all of our real estate and our people will pay rent to the chinese.

[centervilletn]

the thing about real estate is we can nationalize it...

[BlackMask2012]

Oh how exciting, ha ha to California.................oh wait I live in california lol.

My answer to all this crap is no more hand out. Say no to welfare, food stamps etc......

I'm not losing my job but if any of those that lost their job wanna go crazy on me then bring it on.

[UROUTofTIME]

Thanks for the info. I am glad that your vids are longer and with more info. Thanks

[jamesandhoa]

3 days of no taxes, are they kidding, what fools. Maybe 3 months of no income tax might slow the decline, and give us more time to adjust to the crash, but it want stop it only delay and soften it.

[DEMCAD]

30 days of no sales taxes.

By the way, how will the government pay for this?

[centervilletn]

ink, paper and key strokes... just like they are paying for everything else...i figure why shouldnt the taxpayer be too be go fail?

[centervilletn]

if the government wants to stop the decline..or more importantly the upcoming riots they should give everyone 1 year tax exemption, jubilee on student loans, 50%off on mortgages and 1 year free utilities or at least 1 year at cost of production...maybe then just maybe they could stop the bleeding...

[jehnubis]

U.S.A for sale!

[jehnubis]

Good post Dem.... If the States dont sell assets, they are going to have to raise all taxes on its citizens. The question is, are their going to be enough buyers for these assets.

[DEMCAD]

I know, who wants to buy this stuff. WHo wants to buy a golf resort in the middle of a recession?

[thefordshowcom]

good video, I hadn't heard about the privatization of the airport plan, I guess that is what will happen next, the bankers who are flush with OUR cash, will buy valuable assets off of US for a song while we are desperate, wow the more you look at it the more you realize how bad of a screw job we are getting!

[skyding8962]

Demcad have you heard about commercial real estate? Some say it will be as bad or even worse than the residential housing market and that its the next shoe to drop.

[DEMCAD]

I've made a video about commercial real estate. Gerald Celente has forecast a major meltdown in 09.

[DoctorsWife56]

My husband is a physician in a state hospital here in GA. It is to be privatized in 2012. They only have one bid though.

[DEMCAD]

Only one bid? That doesn't surprise me. The population is aging, so health care expenses will rise. Nobody wants to deal with that burden.

But you should consider yourself lucky that you have a stable income. Good to hear from you DoctorsWife.

[CaligalinLibrary]

Seventy percent of my library's income is from sales tax. I would be out of a job. Sigh.

[DEMCAD]

Hopefully, some day we will have less service-based jobs and more industrial jobs. I wish you the best of luck.

[taznruby]

DEMCAD,

You are of the apprieciated and the wise.

Thank you for posting.

What you speak is truth.

[centervilletn]

I cant figure out if they are grasping for staws or if they are just trying to "look" like they are trying to do something...i dont think anything can get better till the damn thing bottoms out..not a false government induced bottom but a real bottom.

[taznruby]

center,

Thanks for sharing this vid.

The info DEMCAD provides is not seen by the many.

[centervilletn]

I really like DEMCAD...i can identify with him and look forward to all his installments to this blog...i never miss his, visions or george4titles vids.

[centervilletn]

well that should improve california's employment problems...ive not looked at the census data but id estimate that california is not that much different than the the rest of the country and construction workers make up 1/4 of the working population...they are amputating the leg one toe at a time..

sales tax holiday-whoopeee! now all the unemployed folks who arnt spending can continue not spending that should bring billions into the economy.They should give folks their utilities for 6 months