California balances budget with your money

Finally, the state of California has passed a budget. This is good news as the state’s fiscal year began over three months ago, and there was reason to believe that the state would have to issue IOU’s to pay it’s bills if no budget was passed. There is more good news in that the budget is actually balanced as is required by state law.

But, there is only one small problem, that is, unless you live in California.  The budget is balanced by assuming that the state will receive $5.4 billion from the federal government.  Of course, that’s $5.4 billion that our federal government must borrow from somewhere as we are already some $13 trillion in debt.

That’s $5.4 billion that each and every American will have to pay for whether they live in California or not.

California has become the poster child for irresponsible spending, caving in to virtually every demand made by its public unions including gold plated pensions, gold plated health care and ever increasing salaries.  Now, everyone in the country gets to pay for their irresponsible spending.

 Is it any wonder why we have tea parties?  Is it any wonder why most Americans are fed up with government?

10 replies
  1. Dimsdale
    Dimsdale says:

    California is like the spoiled kid with rich, doting parents that are always there to bail them out of jail for making bad decisions.

     

    I wonder what happens when the parents finally put their foot (feet?) down?

  2. JollyRoger
    JollyRoger says:

    Let's just sell it back to Mexico and revoke the citizenship of all Californians- they're a hopelessly blue state anyhow.  Stop the flow of American $$$ and let the Mexican government tax the wealthy and create the egalitarian utopia that Hollywood wants anyhow! We'll know Paris, Brittney and Demi are taxed well enough when they start asking for money after sex!

  3. GdavidH
    GdavidH says:

    No one should be surprised by this. Speculation about bailing out the states has been ongoing for….well… since the passage of porkulus. The big question now  is …which state will be next to ASSUME fed funding is coming?

      The other troubling line in the article is this one:

    " The rest of that revenue comes from an expectation that sales- and income-tax receipts will be higher than a previous forecast."

      In this economy, would anyone living within any sense of reality EXPECT these revenues to be higher than forcasted. Every forcast we have been getting in this political climate is already ridiculously over-reaching.

  4. SoundOffSister
    SoundOffSister says:

    Agreed, GdavidH.  And when that "expectation" proves incorrect, as it most assuredly will, Americans will be <span style="text-decoration: line-through;">asked</span> told to make up that shortfall as well.

  5. winnie888
    winnie888 says:

    Wasn't the CT state budget going to be balanced with "assumed" funds from the federal gov't?  This all just sounds so vaguely familiar…

     

  6. PatRiot
    PatRiot says:

    Dimsdale,  this tactic has already been used on a smaller scale.  It is called a "one time accounting change."  Only the Feds will do it more than once and it will smell 5 times a fishy. 

    What are these folks smoking?

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