Progressive Success? – California To Run Out Of Money By March

According to an article on The Sacramento Bee, the great progressive state of California will be broke by early March:

“California will run out of cash by early March if the state does not take swift action to find $3.3 billion through payment delays and borrowing, according to a letter state Controller John Chiang sent to state lawmakers today.

The announcement is surprising since lawmakers previously believed the state had enough cash to last through the fiscal year that ends in June.”

The reason given for this sudden shortfall in funds is that the courts have blocked some cuts and some expected savings may appear later in the fiscal year than expected.

Or could it just be that the progressive nanny state of California spends way too much freaking money?

You decide…

#1 January 31, 2012 at 4:27 pm
karra commented:

“Or could it just be that the progressive nanny state of California spends why to much freaking money?”

Sure hope this improves…
#2 January 31, 2012 at 4:29 pm
Blessed commented:

Oh dear, it appears many dead beats will not get PAID.

I bet a lot of FIRE INSURANCE gets sold.
#3 January 31, 2012 at 4:36 pm
Tom63010 commented:

For some reason the E*Trade commercial where the baby said “this is my shocked face” when the guy doesn’t win money from a scratch off ticket.

http://www.youtube.com/watch?v=HqVBKO_QM3o
#4 January 31, 2012 at 4:36 pm
Oh Noes! commented:

All the monies went to the children of illegals after pushing the dream act thru… lol what a bunch of idiot progressives that run that beautiful state into the ground.
#5 January 31, 2012 at 4:38 pm
listingstarboard commented:

And the rest of us across the country will be forced to bail them out, followed by Illinois.
#6 January 31, 2012 at 4:38 pm
Blessed commented:

They should build a really really fast choo choo. There’s your answer.
#7 January 31, 2012 at 4:41 pm
Got Billy Ayers on Speed Dial commented:

Any updates on Jim’s surgery?
#8 January 31, 2012 at 4:41 pm
#1AMERICAN commented:

What a $hit hole of a state…keep electing demo-turds like pig-losie and boxer and you will continue to be nothing…elect republicans and maybe..maybe…you might have a chance for survival…if not who cares..you left turds deserve what you get for your $hitty voting for years and ears…viva la Mexico you beeeeothches…have fun
#9 January 31, 2012 at 4:41 pm
Blacque Jacques Shellacque commented:

Or could it just be that the progressive nanny state of California spends why to much freaking money?

Ding! Ding! Ding! We have a winner!!!!!
#10 January 31, 2012 at 4:41 pm
SeniorD commented:

The State Once Known as California is now known as “Paradise Lost’. The paradise for those wealthy enough to afford living in La-La Land while businesses and citizens (aka ‘The Tax Base’) rush out to more appealing areas is no more. Soon, you’ll see some sort of ‘Celebrity’-backed telethon for the State ~~Slush Fund~~ Treasury. We’ll see images of wealthy Democrat politicos crying because they can’t fund a program; or some teacher complaining he/she has to pay out of their own pocket for school supplies.

Get the popcorn, this is gonna be good.
#11 January 31, 2012 at 4:42 pm
srdem65 commented:

I know how they feel, I run out of money before the end of the month, too.
#12 January 31, 2012 at 4:45 pm
Gateway Guest Blogger commented:

No updates on Jim yet, but I’m sure he will be back either late tonight or early tomorrow. But don’t hold me to that it’s a guesstimate.
#13 January 31, 2012 at 4:46 pm
gus commented:

Lib state?? Of course Here in Wisconsin, We were $3.6 billion in the hole. Scott Walker and the State Republicans fixed that. And LIBTARDS went ape. You see as part of the solvency plan, Public GOOONIONS were required to pay 5.6% of their pension and 12.% of their insurance premium.
How much do you pay? I pay a hell of a lot more than that.
#14 January 31, 2012 at 4:46 pm
Aaron Z. commented:

As a Californian, I can tell you the reason California is out of money:

1. The government vastly overspends.

2. We have one third of all welfare cases in the nation, even though we have only 12 percent of the population.

3. We already have the “Buffet rule,” in which the wealthier pay huge percentages of the tax burden. The top 1 percent of earners, for example, pay 40 percent of the income taxes. Since the income of the wealthy is extremely volatile, California’s revenues have dropped 25 percent since 2008, even though her taxes have increased dramatically.

4. California has the most business-hostile climate in the nation. It takes three years of red tape, for example, to open a new fast-food franchise. In Texas, it takes a week.

5. We have $500 billion in unfunded liabilities for pensions and benefits of state workers. Our annual budget is about $85 billion, which means we can’t possibly pay off what we owe to our government retirees, almost all of whom retire at 50 on disability. We can’t even pay their current salaries, much less their pensions and benefits.

California is a proving ground for liberalism. The more liberal legislation you pass, the more like California your state will become.
#15 January 31, 2012 at 4:48 pm
TiminPhx commented:

Let me save you a trip. Don’t come to me with your hand sticking out.
#16 January 31, 2012 at 4:49 pm
ST LOUIS KNEE SURGEON commented:

Well I just got done fixing Jims hernia. He’ll be out of “action” for a couple weeks, but he won’t be singing soprano.

Now about that knee………..
#17 January 31, 2012 at 4:53 pm
MrGoodWench commented:

It is all Bush’s fault
#18 January 31, 2012 at 4:57 pm
squeaky commented:

everything coming unglued at the seems and with enough time for it to sink in just maybe. maybe hollywood can do a telethon.
and speaking of knucklehead californians……..
[A faux pax by Senator Diane Feinstein outed the presence of Mossad chief Tamir Pardo in Washington to discuss a possible strike on Iran.]
http://www.israelnationalnews.com/News/News.aspx/152304#.TyhqG4GOBDs
#19 January 31, 2012 at 4:57 pm
Gus commented:

Maybe more class warfare!! Or possibly taxing “millionaires and billionaires”!! Sure ways to jump start your economy!! Heck, I’ve got. Opie Von Jug Ears could print them some money!!!

LIBERALISM!!!! Practiced by dumb fvcks everywhere!!!
#20 January 31, 2012 at 4:59 pm
Blackbird commented:

You notice the only possible solution the State Controller offered was to skip payments or borrow more. There will be political hell to pay if California gets bailed out by the Federal Government. It is truly a money black hole that can and will suck in the entire country with it, quickly. As painful as the state of California failing will be it is nothing compared to the entire country failing due to their reckless fiscal policy.
#21 January 31, 2012 at 5:03 pm
Gus commented:

Intelligence Committee????FEINSTEIN??? Oxy-fugging-moron.
#22 January 31, 2012 at 5:05 pm
Blacque Jacques Shellacque commented:

…keep electing demo-turds like pig-losie and boxer and you will continue to be nothing…

Two reasons: 1) The overwhelming number of liberals that infest the major metro areas, which pretty much dominate state politics, and 2) The Republicans in CA are largely sucky RINOs.

The average idiot voter here in California wouldn’t be able to tell you the difference between an actual conservative and a RINO; to them, they’re both the same, and when Arnold the RINO proved ineffective, it damaged the brand even more.

The only Republican that I can think of off the top of my head that might be worth anything is Tom McClintock. There’s probably a few others, but I can’t think of them.
#23 January 31, 2012 at 5:07 pm
cal rifkin commented:

Whatchall think Guv. Brown’s gonna do? Is he looking at decertifying the unions and their contracts? Declare bankruptcy- Is that legal? …then he could renegotiate the deals with the unions. He used to be pretty frugal back in the 70′s, wasn’t he? To say it’s turning into one helluva problem is not enough. They’re gonna need some leadership.
#24 January 31, 2012 at 5:08 pm
Tom63010 commented:

#14 Aaron Z.

Hey, at least you guys have Albert Pujols now, that should help.
#25 January 31, 2012 at 5:09 pm
jony101 commented:

Maybe california can leave the US dollar (like the greeks will leave the euro) and print there own currency. They can call it the califonia peso.
Sometimes not able to print money is the archilles heal of liberal countrys/states.
#26 January 31, 2012 at 5:13 pm
MrGoodWench commented:

squeaky commented:
[A faux pax by Senator Diane Feinstein outed the presence of Mossad chief Tamir Pardo in Washington to discuss a possible strike on Iran.]
http://www.israelnationalnews.com/News/News.aspx/152304#.TyhqG4GOBDs
++++
There is nothing faux pax about it, it is 100% intentional and deliberate.
#27 January 31, 2012 at 5:16 pm
zooomzooom commented:

Mayhap they should start by seizing the guvnor jerry browns assets.

ALL of them.

Reap : Sow
#28 January 31, 2012 at 5:34 pm
MustComment commented:

Born and raised in California; I love my state – I hate my politicians. After the 2010 mid-elections here was my post:

The Freddy Krueger nightmare continues in California.

Just a few of last night’s election wins.

Jerry Brown
Barbara Boxer
Gavin Newsom
Pete Stark
Henry Waxman
Maxine Waters
Nancy Pelosi

I guess I can stop here – what’s the point of going on with this sickening list.

Below is a link that shows all of our states and the “breakdown” by districts.

http://www.politico.com/2012-election/map/#/House/2010/CA

Note: California lite up RED in the majority of the districts. However, it was not enough to conquer Los Angeles, Sacramento, Mendocino, San Francisco and Santa Barbara counties.

Additional note: Due to the outcome here in California, our beloved San Joaquin Valley (the breadbasket of our Nation) will continue to go without water supply. Compliments of Barbara Boxer.

In November of 2010, Dennis Miller said it best:

“It was like Christmas and while most of the nation was getting a G.I. Joe, here in California, we got a gray sweater and a chocolate dickie.”

It is the large metropolitan areas of this state the rule the outcome. There are many conservatives that live here, unfortunately we are in the minority and it is frustrating as hell. I could go on but I won’t…
#29 January 31, 2012 at 5:36 pm
Mahdi Al-Dajjal commented:

I propose, for all wage-earning residents of California, a one-time tax of 75% of their gross income. Anybody who refuses to pay will be assessed an additional 10% for failing to pay and jailed.

On top of that, all home owners will be assessed a one-time property tax of 50% of the assessed value of the property. Any homeowners who refuse to pay will be summarily evicted, their property confiscated and sold at auction to pay their tax burdens.

All goods and services will be assessed a Value Added Tax (VAT) at 25% for 5 years.

All proceeds go directly to paying off the debt.
#30 January 31, 2012 at 5:40 pm
olm commented:

Bahahahaha! Didn’t they just have a vote where they swore that if the voters increased taxes one last time, they’d be solvent?
California voters are the dumbest in the nation.
#31 January 31, 2012 at 5:44 pm
olm commented:

I’m sorry, voters in the big cities in CA are the dumbest in the nation. I think The metropolitan areas of CA, Portland and Seeattle out to form their own state………….I’d give them CA, there’s no water anyway, and let the rest of us prosper.
#32 January 31, 2012 at 6:02 pm
vityas commented:

I lived in California for 2 years and thought 2 things.
1) it was the most beautiful place on earth
2) Californians didn’t deserve it.

I’m not sure how true 1 is anymore but 2 sure is.
#33 January 31, 2012 at 6:04 pm
WillofLa commented:

Oh nooooo. What, they are going to be broke…..AGAIN??

Well, I guess Occupy Oakland will have a few new members who ought to be the mayor’s, city council’s, school board members and police chiefs who refused to cut spending and more and more deals with their liberal lawmakers in the State House of Representatives, and the Governor’s office. Deal making instead of doing what is going on in Wisconsin with all the state union members kicking in on their pension funds and medical benefits would have saved California billions of dollars that California would have now to pay down their debt, like what Scott Walker has done for Wisconsin. Not interested?? Oh well, then I guess then your only choice is to go get out on the streets with the Oakland Occupier’s and protest against the fact that the fat cats in the banks and hedge fund corporations are still giving their employees millions of dollars worth of raises and bonuses.

Why don’t you go ask Obama to see if he can take all the state employees resume’s and see if he can find ya’ll a job somewhere? Who knows, maybe you’ll get lucky!
#36 January 31, 2012 at 6:19 pm
WillofLa commented:

You know, I’ve never seen a state go bankrupt. What does it look like? Millions of state employees out of work? Kinda like when New York City gargage workers went on strike? And all the garbage piled up everywhere? Well, as far as all the illegal Mexican aliens who you let into your state without obeying the Federal immigration laws, and then embarked on trying to take what little money there was in taxes attempted to take care of them all. But you learned real fast that it takes billions of dollars taking care of people who don’t contribute to the system in paying taxes. YOU GO BROKE!!!

Now will you deport all those Mexican’s who we can’t afford to take care of, with free education, medical treatment, transportation, and taking jobs from American citizen’s and the state police and other law enforcement authorities not lifting a finger to arrest and deport all of them that were costing Californian’s billions of dollars a year in taxes that was supposed to go taking care of Californian’s instead. You bunch of dumb *sses!!

Have you liberals who care so much for the “less fortunate” and your damn multiculturalism, learned anything by now? How about trading oil for aliens? How about asking Mexico to ship you oil in the same cost amount that you are spending to take care of all their people for them? You bunch of idiot liberals!! When are you going to abandone all this “we’re citizen’s of the world” crap??? You are not being paid by the world to take care of all those refugee’s are you? YOU CAN’T KEEP THIS UP FOREVER, FOR FREE AND NOT EVENTUALLY GO BROKE!!!!!

So much for Obama and his support for giving Napalitano and Sen. Durbin the okay to allow so many illegal Mexican’s because they haven’t committed any crimes. REALLY!!!! They are here in this country illegally aren’t they??? Doesn’t that make them criminals already???? Then they have committed crimes, haven’t they? So none of them can stay according to the Dream Act, huh??
#37 January 31, 2012 at 6:25 pm
BurmaShave commented:

This is a great post outlining and highlighting the bankruptcy and lunacy of Progressivism.

The Liberal Democrat-ridden California legislature wakes up – from their medical marijuana induced stupor — to discover that in a few weeks the state will be broke on account of their compulsive irresponsible spending. Their options are few to nil. Their main option would ordinarily involve cutting back on some services. Cutting back on public safety is their natural favorite because it insults the electorate — you know, the swine who tend to think that the government should serve them – and protects the public “service” unions. The problem is that they evidently got into this situation because Liberal autocrats in black judicial robes have rejected the Liberal Democrat legislators’ earlier attempts to cut back on their own wasteful spending.

And who put those Liberal autocrats in judicial positions in the first place? The same pot-smoking addled-brain liberal progressive legislators who created the fiscal nightmare.

Talk about stewing in your own juices!

Hey, California, have you ever heard the adage: You get the kind of government you deserve? Think about it, if you still can, you potheads.

The California State government: Of the unions, for the unions, and by the unions!

And you folks in Wisconsin: If you vote out Scott Walker, you will surely deserve the same fate.
#38 January 31, 2012 at 6:25 pm
Voice of Reason commented:

The Golden State is now the Brown State. CA has both a sales tax and income tax, but also has Prop 13 (thank goodness), which the Dems detest. But now Brown wants to increase the sales tax and jack up the state income tax on high income earners. As you probably know, the income tax caps out at 9.3% for those making ~ $100k+. FAIR estimates the state spends $20 billion per year on illegal immigrant. That’s where the money goes, along with the costs of public employee pensions plus handouts to millions of other freeloaders. The Dems have gerrymandered the new redistricting commission so that they will end up with a supermajority, which will mean higher taxes and of course exemptions for unions and illegals. Bottom line: CA is screwed.

Another funny thing. CA Dems hate the electoral college and want CA’s electoral college votes to go to whoever get highest US popular vote. So who would CA’s electoral college votes gone to in 2004? GW Bush
#39 January 31, 2012 at 6:28 pm
Bonanza driver commented:

Folks, progressives or new communists are never looking to balance the budget…Like union bosses, its all about taking. They take as much as they can as long as they can and expect others to pay for it…Obama’s ridiculous spending, he didn’t have a budget, was never intended to be paid for. Like a dog that eats until the bowl is empty, Obama will spend until there is no more. He has had somone else pay for it his entire life. That is what he expects now….
#41 January 31, 2012 at 6:50 pm
tommy mc donnell commented:

another triumph for socialism. california, the first(but not he last)state bankrupted by the forces of occupation.
#42 January 31, 2012 at 6:51 pm
KR commented:

In the 90s a majority of Californians voted for prop. 187, but a judge over turned it.

Prop. 187 would have stopped to freebies to illegals.

California has gone over the cliff with the majority now made up of libs, public union members and latinos who are influenced by spanish speaking tv.

They voted in Guv Moonbeam, many not even aware of his history, and I knew he would be giving out IOUs at some point.
#43 January 31, 2012 at 7:13 pm
DAve j commented:

I hope you Cali resdients are not counting on any state tax returns…..anytime soon.
#44 January 31, 2012 at 7:21 pm
DJ commented:

Not to worry – Brown has lined up a buffet of retroactive tax increases for the November ballot. Once they’re passed, he’ll beam the swag back to March to cover the shortfall!
#45 January 31, 2012 at 7:32 pm
LaInfidel commented:

I thought there was to be a great earthquake causing California to fall into the Pacific…when is that going to happen and is there a way to speed that up??
#46 January 31, 2012 at 7:33 pm
tommy mc donnell commented:

california has the 2nd highest sales tax behind illinois, the 2nd highest income tax behind oregon and the 13th highest property tax rates. this makes the california worker the highest taxed worker in the country. yet every politican(republican or democrat)will say that the solution to this problem is higher taxes.

the economic problems in the united staes are being caused by the insatiable greed of the american politican. give up the rights to the fruits of your labor give up your freedom.
#47 January 31, 2012 at 8:22 pm
midusdew commented:

Hey Aaron Z, from the L. A. Times

1. 40% of all workers in L. A. County ( L. A. County has 10.2 million people) are working for cash and not paying taxes. This is because they are predominantly illegal aliens working without a green card.

2. 95% of warrants for murder in Los Angeles are for illegal aliens.

3. 75% of people on the most-wanted list in Los Angeles are illegal aliens.

4. Over 2/3 of all births in Los Angeles County are to illegal alien Mexicans on Medi-Cal, whose births were paid for by taxpayers.

5. Nearly 35% of all inmates in California detention centers are Mexican nationals here illegally.

6. Over 300,000 illegal aliens in Los Angeles County are living in garages.

7. The FBI reports half of all gang members in Los Angeles are most likely illegal aliens from south of the border.

8. Nearly 60% of all occupants of HUD properties are illegal.

9. 21 radio stations in L. A. Are Spanish speaking.

10. In L. A. County 5.1 million people speak English, 4.9 million speak Spanish. (There are 10.2 million people in L. A. County .)

(All 10 of the above statements are from the Los Angeles Times)

Less than 2% of illegal aliens are picking our crops, but 29% are on welfare.
Over 70% of the United States ‘ annual population growth (and over 90% of California , Florida , andNew York ) results from immigration.
29% of inmates in federal prisons are illegal aliens.

Solution: deport all illegals starting Now!
#48 January 31, 2012 at 8:48 pm
Greg commented:

Look east to the virgin Islands to watch the first state level government ( in the US) collapse as a result of the permanent shutdown of the Hess refinery announced last week and to be cold by mid February two weeks from now. While US fed labor laws require that the employees be compensated for the next 90 days, the blow to the island economy will be felt immediately. The refinery amounts to 20 percent of the gross domestic product and 2500 workers were the highest paid typically in the labor force. The island govt was already into an across the board wage reduction of 8% and massive layoffs before they new of the Hess decision. Watch the dynamics in the next three months and responses from the federal gov’t will signal what will be done for California
#49 January 31, 2012 at 8:51 pm
L.E. Liesner commented:

They ain’t spending to much, they just ain’t got enough millionaires to tax.
#50 January 31, 2012 at 9:57 pm
JDStone commented:

California’s chickens have finally come home to roost at last.They will soon pass Illinois in the race to the bottom,especially if the Dems get their 2/3 majority to pass any new taxes.Im going to enjoy seeing Ca. crash and burn.
#52 February 1, 2012 at 12:09 am
DJ commented:

The Facebook IPO will increase our supply of millionaires and billionaires, at least temporarily. On balance more people are leaving the state than entering it legally. Can Silicon Valley churn out big winners fast enough to keep up with the budget black hole in Sacramento?
#53 February 1, 2012 at 1:01 am
billy sol commented:

they voted idiots such as brown, feinstein, and boxer to govern . . .they deserve their fate. Illinois will soon follow!