California Could Cut Off Feds In Response To Trump Threats

[Frank Cannon]

And here's some more expanding economic notes on the future of California...


California Looks to Build $7 Billion Legal Pot Economy
http://www.newsmax.com/Newsfront/California-Marijuana-Controlling-pot/2017/01/29/id/770932/

Basic economics. When supply increases, price drops. CA should look around and see that everyone is legalizing pot.

[sneakypete]

That doesn't make sense, as California sends more to DC than it gets.

@Suppressed

That's only true if you figure it in a very specific way.

Ever heard the expression "Figures don't lie,but liars figure".

If all federal money including grants,government contracts,the money paid to former former government workers in former federal government offices that were suddenly shut down,federally-controlled or operated properties like airports,train stations,libraries,VA Hospitals,local hospitals and universities that get federal grant money,etc,etc,etc were suddeny shut down,the people in California would be eating each other within a week.

Knowing the type of dummies that are elected in Ca,they would probably invite the Chinese to come in and take over,and even think that was a good thing.

For maybe 30 days.

[sneakypete]

Can't find the original story, but from another story a Pew Report found that the middle class in s. cal has dropped below 50%.  The MC is now only about 10% pts ahead of the poor and the lead is shrinking.

@goatprairie

Taxes and expensive regulations that have to be upheld are nothing more than a perpetual motion machine that will end up eating everything in sight until it destroys itself.  Once the fascist left there taxes the working classes that pay the taxes into extinction and on to their voting rolls as registered voters and members of the welfare class,the whole thing will explode like the gasbag it is.

I am no authority on government budgets,but common sense will tell you there is a cut-off point  where there are no longer enough people working and paying taxes to support the people who don't work or pay taxes,and when that day comes is the same day anarchy hits the streets.

The people in government doing this are NOT stupid people. The people who vote for them are stupid people,but they aren't. They understand this. They make their living by playing the other people for the fools they are. Since almost none of them seem to be worried about what happens to the ruling classes during revolutions,the ones on the east and the left coasts plan on jumping on their yachts and heading out to sea or getting on their private planes and flying somewhere safe until the smoke clears.

[HonestJohn]

Liberal friend of mine is hoping California secedes.   If it does, she wants to move there.  I said, "I hope you like paying taxes because you will be paying a lot if California secedes.  Without federal monies, California taxpayers will have to make up the shortfall."

Her reply:  "Oh, we will just impose tariffs on imports."

Me:  "And who do you think will  willultimately pay for those tarriffs?  Here's a clue:  You!"

And this woman is college educated.  I'm not.

There is no shortfall, as California pays *MORE* in taxes to the federal government than it receives.

[HonestJohn]

It's also running a billion and a half deficit.

That's their total debt, not yearly budget deficit.

[skeeter]

There is no shortfall, as California pays *MORE* in taxes to the federal government than it receives.

There will be when 35 or 40% of Californians not pleased with the illegal actions of its political leadership decide to become 'organized non-payers' of state taxes, fees and property taxes.

I wonder who Jerry Brown plans on having as a collection agent.

[SZonian]

And here's some more expanding economic notes on the future of California...


California Looks to Build $7 Billion Legal Pot Economy
http://www.newsmax.com/Newsfront/California-Marijuana-Controlling-pot/2017/01/29/id/770932/

And they won't care that crop will exacerbate an already tenuous water situation...as long as those tax $$$'s keep rolling in and they can institute further water restrictions on the residents.

Smoke 'em if you got 'em!

[SZonian]

That's their total debt, not yearly budget deficit.

Doesn't account for their CalPERS situation...gonna implode unless they levy more taxes and rescind Prop 13.

[Wingnut]

The trouble with California is that it is full of Californian's.

[Hondo69]

What happens after California becomes the People's Republic of California and they want to cross the border into Nevada?

I can't imagine that going well.  Then the next thing you know they'll be trying to tunnel under the wall.  Which of course will trigger an earthquake and the PRC will find itself floating off towards Hawaii.  And Pahrump, NV will suddenly become a new beach front resort town.

Unintended consequences.

[skeeter]

The trouble with California is that it is full of Californian's.

*sigh*

When I was a kid being a Californian was something to be proud of.

Now I want nothing to do with the a-holes.

[Doug Loss]

*sigh*

When I was a kid being a Californian was something to be proud of.

Now I want nothing to do with the a-holes.

As the saying goes: The Land of Fruits and Nuts.

[Smokin Joe]

What happens after California becomes the People's Republic of California and they want to cross the border into Nevada?

I can't imagine that going well.  Then the next thing you know they'll be trying to tunnel under the wall.  Which of course will trigger an earthquake and the PRC will find itself floating off towards Hawaii.  And Pahrump, NV will suddenly become a new beach front resort town.

Unintended consequences.

Yeah. and the Feds would own 90% of the beachfront property.

[Hondo69]

Yeah. and the Feds would own 90% of the beachfront property.

No wonder those weasels have been snapping up land.

[Smokin Joe]

No wonder those weasels have been snapping up land.

Well, they need some place to put the dachas

[IsailedawayfromFR]

@goatprairie

Taxes and expensive regulations that have to be upheld are nothing more than a perpetual motion machine that will end up eating everything in sight until it destroys itself. 

You forgot to mention the ridiculous pensions that are being paid out to city personnel, the teachers and the prison guards.

Examples are everywhere, but here's one from last month

Los Angeles' Pension Problem Is Sinking The City

There are certain respects in which Los Angeles, for all its innate advantages, feels like an unsustainable city. It has the nation's largest homeless population, the worst traffic, and numerous other service failures. Lack of money isn't the problem, since the city has both high taxes and a wealthy population. It is instead because large sums go to employee pension benefits, sucking money from core services, and serving as a case study in how misappropriated resources can sink a city.

Indeed Los Angeles, like so many major U.S. cities, is being crippled by its public employee pension debt. According to the most recent actuarial report, the city's three retirement systems--for public safety workers, water and power workers, and general employees--have a combined $15 billion debt. In the last 2 years, the city has put $2 billion into the system, accounting for 20% of annual general fund revenue. Despite this, the system is only 78% funded, according to city budget officials. And chances are this figure is generously high, since it assumes future returns of between 7.5% and 8.5%, rather than the 5.5% investment return assumption used by Moody's. Under this latter assumption, the city's pension debt is closer to $26 billion, and figures are set to greatly increase in coming years.

This wasn't an issue for Los Angeles until recently. In 2003, the pension system was almost fully funded, accounting for 3% of city expenditures. A combination of factors caused the spike.
http://www.forbes.com/sites/scottbeyer/2016/12/08/los-angeles-pension-crisis-is-sinking-the-city/#39a1fac75dd9

Did you read the part that the pension debt is now $26 billion when in 2003 it was almost fully funded?

Doesn't take long for the thieves to empty the treasury, does it?

I lived there for a couple of years and couldn't wait for my company to transfer me out in 2005.  Almost begged them.

[IsailedawayfromFR]

As the saying goes: The Land of Fruits and Nuts.

And they don't all grow on trees....

[sneakypete]

You forgot to mention the ridiculous pensions that are being paid out to city personnel, the teachers and the prison guards.

@IsailedawayfromFR

I didn't forget it,I was unaware of it. Thanks!

[Hondo69]

Will movies made in Hollywood become foreign films?

[sneakypete]

Will movies made in Hollywood become foreign films?

@Hondo69

They are not foreign films now?

[bigheadfred]

@Hondo69

They are not foreign films now?

I have a hard time trying to find movies to watch.

[Hondo69]

I have a hard time trying to find movies to watch.

Here's a great foreign film



Or you could toss in some Nazi's to spice things up

[bigheadfred]

Here's a great foreign film

I was hoping for something new.

[Wingnut]

I was hoping for something new.

Play it backwards.  The ending is different.