Budget Shortfalls - Weekly Address - 11/12/2010

As you may have heard, this week the Legislative Analyst said that California faces a potential six billion dollar deficit in the current fiscal year which starts July and goes to the end of June next year. There are a few reasons for this: the global economic crisis is still hurting job growth and our revenues. Also, a few weeks ago, the people passed an initiative to say that we can't take certain moneys from local government.

Category:

News & Politics

Tags:

• California Report
• Schwarzenegger
• budget
• radio address

[railgunmaker]

Good work Arnold.

[neotoy]

Thank you for being awesome. CA won't be the same without you.

[anubismoon2010]

once the pentagone stops the war with the world for the highest bidder, then the problem is solved. end of story

[FizzyBublech]

@WunderMaus Then, you complain when they dont have to pay more than 2.5% a year increase in their property taxes? ( Which mind you, is in line with inflation). How do you live with yourself? Its no wonder this state is turning into a 3rd world country with people like this at the helm. How about we give the money back? How about we ease taxes, regulation, and open commerce? How is it you people are so devoid of any ideas beyond stealing someone elses money they worked for?

[FizzyBublech]

@WunderMaus By what right do you have to money other people have earned regardless of how much it is? Interestingly enough, you fail to mention the tax breaks that the poor get. oh yea, they pay no taxes.... Or the tax breaks the illegals get.. oh yea... they pay no taxes. But thats not enough because, on top of not asking the majority of those who benefit from the social system to put in on it, we are going to steal more from those whos shoulders we put it on?

[Micdades]

at 2:12 he is talking about his muscles

[quadcatfly]

it is ok. just invite more illegals for free housing, education, healthcare and foodstamps. problem solved !

[di3inglife]

damn this guy still coooooooooool hahahaha!!! damn we love you

[WunderMaus]

@FizzyBublech Too bad an ad hominem attack is your way of dealing with my suggestion. BTW, property taxes go up & down as a function of their assessed value but over a long period of time such as decades, values tend to increase. That was the initial reason for prop. 13. But, by the time the corporations & wealthy land owners got through with it, the result was a huge loophole in the property tax code. So regular home owners wound up paying their taxes or causing a huge shortfall of tax revenue.