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Saturday
Dec082012

Many California Teachers Get $100,000.00 Per Year Retirement - Good Deal!

The financial comptroller of California gave some interesting news to Moonbat Jerry Brown today, according to news releases.

The wildly popular new taxes enacted in November by California’s 47% voters, much of which take effect in April of 2013 have already had an impact on the state budget revenue column.

http://www.breitbart.com/Big-Government/2012/12/07/CALIFORNIA-STATE-BUDGET-GOES-OFF-THE-CLIFF

California has come up over $800 BILLION dollars short of projections – just for the month of November.

This makes Governor Jerry Brown a solid Democrat candidate for President in 2016. He can get things done.

Jerry Brown is a Democrat who CARES about people and is willing to INVEST in higher taxes as a way to offset wasteful government spending. I think they call it Keynesian tax and spending. And you can not argue with his results.

I used to take a great big chart of ten years California State Budgets to taxpayer outings here in NH  as an example of what a state income tax provides, and show the roller coaster ride the California income tax proves to be. April is the month the crap hits the fan because that is when much of the income tax money comes in – or not.

In lean years California would borrow billions or tax more. In surplus years they “invested” the extra in more spending like a ratchet tightens a rusty nut.

Stay tuned in 2013 for “April in California,” a documentary to be made by some former California director living in Texas, in all probability.

Who would have ever guessed this would happen?

Forward Democrats, FORWARD!

 

Reader Comments (5)

At least ol' Moonbeam Jerry has those schoolmarm pensions to fall back on when things get really tough. Time for NH to separate before we're on the hook for Jerry's vision thing.
– C. dog seeking escape from his have-a-heart trap
December 11, 2012 | Unregistered CommenterC. dog
dog:

As you know, the state income tax in California is decuctable from the federal income tax.

That means the California state income taxes on millionairs costs the rest of America a ton of money when they decuct it from thier federal tax.

But take heart!

As the millionairs move out of California we will all share in the FREEE money that increases to the other 49 states - 56 using Obama figures.

Ain't reality a great slap upside the cabeza.
December 11, 2012 | Unregistered CommenterEd Naile
I'm sure Jimbo's doin' cartwheels in his government assisted duplex just thinkin' of all the good he can do for Jesus with the extra cash. Praise BozObama in the highest! Can I get an amen?
– C. dog chiming in from the cheap seats near the organ
December 11, 2012 | Unregistered CommenterC. dog
This is what happens when money follows a system instead of following students it's designed to help.

And Ed, I wouldn't count on the "Free" money helping the other states. As long as Obama and the federal government is willing to give states like CA bailout after bailout it no longer matters where in this country you go.
December 12, 2012 | Registered CommenterRick Barnes
Rick:

I was talking about the less amount of deductions the working class moving out of California would have in state income taxes.

If, when, California chases the last job creators out, there goes millions in state income to California deducted form the US income taxes of the former citizens in their new low tax states.

We all win -except Jerry Brown's utopians - how do you say utopia in Spanish? Press 1 for English.
December 12, 2012 | Unregistered CommenterEd Naile

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