California faces budget surplus

Discussion in 'Budget & Taxes' started by raytri, May 29, 2013.

  1. Battle3

    Battle3 Well-Known Member

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    You will have to help me out and give me a link.

    But before reading your post, how do you know if CA has a surplus? With such major accounting errors, why would anyone trust the CA numbers? Garbage in, garbage out.
     
  2. raytri

    raytri Well-Known Member

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    Read the link. The "audit" was of internal processes at various CA agencies. It found one agency made bad calculations around the 2012-13 budget numbers. However, such calculations are not simply accepted; they are checked. Thus the errors were caught before they made it into the budget report. There is nothing wrong with the published California budget numbers.
    http://www.politicalforum.com/showthread.php?t=305051&p=1063949716#post1063949716

    This entire thing is based on a blog post by a conservative blogger who clearly did not understand what he was reading -- a post which was then passed around the conservative blogosphere by people who also either didn't understand or didn't care that the post was nonsense. It's another example of what a terrible job the conservative blogosphere does in providing people with accurate, balanced information.
     
  3. Battle3

    Battle3 Well-Known Member

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    Thank you, you are correct.

    Thats a misleading statement. The blogosphere in general is full of content, some good, some bad. No single person can monitor the content and everyone gets misled at some point.

    The bad is certainly not limited to the conservative side. For example, the "progressive" side is rampantly incorrect in the realm of gun control and crime.
     
  4. raytri

    raytri Well-Known Member

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    No, thank YOU. You are the first conservative on this thread to acknowledge that. Everyone else just vanished.

    Fair enough. IMO, however, the conservative blogosphere is particularly bad at this. It routinely blows up over things that are just completely incorrect, with little or no fact-checking or "hey, wait a minute...." And many such erroneous "facts" linger on for years without correction.

    Maybe it's because I spend more time reading conservative postings (since I'm generally rebutting them in some fashion). But I pay enough attention to the liberal blogosphere that I'm aware when something is exploding all over it. It happens far less frequently, and with far less apocalyptic angst and over-the-top rhetoric, and errors seem to get corrected more quickly.

    There's a reason only conservatives were surprised when Romney lost, for example. They had persuaded themselves the polls were skewed, that all sorts of false things were true. It was an alternate reality of wishful thinking. Good information sources puncture such delusions; they don't encourage them. Conservatives were let down big time by their information sources -- something that should concern them. Operating on bad information may be comforting, but it is a tactical and strategic disadvantage.
     
  5. Battle3

    Battle3 Well-Known Member

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    I have seen that happen as well. Whether someone acknowledges or simply vanishes, you know the point was made. And I like to think that in the future, those people will be more carefull but as I mentioned, its impossible to check everything.

    I disagree that its a conservative problem. I used to take in some "progressive" media (blogs, forum, tv news, radio) but the misinformation was so severe that I don't bother with any of it anymore. Outside of gun rights (which crosses party lines, and is a major issue for me) I'm neither interested in nor care what they say, and there is nothing I can do to clarify the misinformation. To my mind, they are beyond recovery.

    Although last year, I heard on C-SPAN radio a talk given by Rachel Maddow at some university about the US policy on war. I came in a few minutes after it started so I did not know who was speaking until the Q&A session started. I would have sworn on a Bible I was hearing a Tea Party conservative. Yet from her tv show you would think the Tea Party was the devil himself. That leads me to believe she is either totally ignorant of non-"progressive" ideas, or is a propagandist.

    It also shows there is some common ground if people will admit it.

    Thats exageration. There was some talk of "bad" polls, and as always there were a few people who ran with it, but I don't know anybody who truly believed Romney would win. Dick Morris (formerly a Clinton Dem, then a Fox News source, now he seems to have disappeared) was the main instigator of the "bad" poll theory but Morris has no credibility. He made for a some good tv for the talking heads, but thats about it.

    Romney was and is a GOP establishment pseudo-"progressive". Conservatives never supported him, fought hard throughout the primary phase to get someone else in (we failed), and in the end we faced the same old problem of voting for the lesser of 2 evils. I hoped Romney would win, but Romney is just a slower "progressive" train than the Democrats, and both trains lead to disaster.
     
  6. unrealist42

    unrealist42 New Member

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    Romney was 100% pro big business and that was his problem with the general electorate, which is becoming less and less immured to that act as big business continues to profit while they do not. The republicans will have a huge problem fielding a national candidate because their nominee will be decided by intra-party factionalism reduction more than broad popular appeal.
     
  7. ConservativeJuda

    ConservativeJuda New Member

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    Yes and let me tell you as a Resident for a few years, as a High Schooler and Middle Schooler there I had the WORST Education over my experience of living in over 5 states.

    We had no Music Classes, No PE Teachers, No Enrichment Classes, everything was cut, Police went scarce. It was utterly the worst state in everything.

    They have the highest taxes for everyone, even my poor family was crushed in taxes over there. They are never going to be a stable economic place, because they do wasteful spending and high taxes.

    Rent was the highest as well I would've bought two of the same houses in Kansas to match the cost both in Rich Neighborhoods as well still wouldn't match the California Prices (My House wasn't even in a big city in California)
     
  8. MolonLabe2009

    MolonLabe2009 Banned

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    Oops!

    Wheels Are Coming Off California's Ballyhooed Comeback
     
  9. raytri

    raytri Well-Known Member

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    Your evidence is an editorial from the loons at Investors Business Daily?

    Meanwhile, in the real world, California tax revenues are running ahead of projections. The latest report is for July, published Aug. 11:
    http://www.sco.ca.gov/eo_pressrel_15315.html


    State Controller John Chiang today released his monthly report covering California's cash balance, receipts and disbursements in July 2014. Total revenues for the first month of Fiscal Year 2014-15 totaled $5.4 billion, beating estimates in the Budget Act by $231.9 million, or 4.5 percent.

    "Even though July is usually a weak revenue collection month, the new fiscal year is off to a strong start," Chiang said. "While the State plans to borrow operating funds through revenue anticipation notes, the $2.8 billion needed solely for smoothing out the timing of revenues is at the lowest level since the 2006-07 fiscal year. If we can continue to reduce short- and long-term debts, we can continue to improve our fiscal condition."

    Income tax collections for the month of July came in $244.9 million, or 6.4 percent, above estimates. Corporate taxes topped estimates by $38.1 million, or 13.5 percent. Sales taxes also beat estimates by $36 million, or 4.1 percent.

    The State ended the last fiscal year on June 30 with a positive cash balance for the first time since June 30, 2007. That means the State had funds available to meet all of its payment obligations without needing to borrow from Wall Street or the $23.8 billion available in its more than 700 internal special funds and accounts.


    You need to get better information sources. IBD editorials are ideological crap.
     

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