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California Budget Crisis Worsens, Balloons to $16 Billion. Huge Cuts on the Way from Governor Moonbeam

How about a huge LOL for Liberal fuck up land. Democrats have run this place into a shit hole so what do we do out here? We elect Jerry Brown!!! Isn't this shit great?
Gov. Jerry Brown announced on Saturday that the state's deficit has ballooned to $16 billion, a huge increase over his $9.2-billion estimate in January.

The bigger deficit is a significant setback for California, which has struggled to turn the page on a devastating budget crisis. Brown, who announced the deficit on YouTube, is expected to outline his full budget proposal on Monday in Sacramento.

"This means we will have to go much further, and make cuts far greater, than I asked for at the beginning of the year," Brown said in the video.

Lawmakers and others were hoping that a rebounding economy would help the state avoid steep cuts to social services. But revenue in April, the most important month of the year for income taxes, fell far short of expectations, leading to a shortfall of at least $3 billion in the current fiscal year.

The state has also spent $2.1 billion more than expected, according to the controller, further worsening California's financial health.

Advocates involved in budget discussions say they expect deeper cuts to social services than Brown originally proposed in January. Union officials are also in negotiations with administration officials about ways to reduce state payroll costs, an issue that wasn't on the table earlier this year.

Brown has said there will be even deeper cuts, mostly to public education, if voters do not improve tax hikes in November. He is seeking a quarter-cent increase in the state sales tax for four years and a seven-year hike on incomes of $250,000 or more that will range from 1 to 3 percentage points. He says the measure would raise $9 billion in the upcoming budget year.





http://www.latimes.com/news/local/la-me-0513-state-deficit-20120513,0,709340.story

http://latimesblogs.latimes.com/california-politics/2012/05/california-budget-jerry-brown.html


Added: May-13-2012 Occurred On: May-13-2012
By: yorba
In:
Politics
Tags: California deficit, Jerry Brown, Liberal utopia, budget catastrophe, Democrats are geniuses
Location: Sacramento, California, United States (load item map)
Marked as: approved
Views: 1220 | Comments: 70 | Votes: 2 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • http://www.youtube.com/watch?v=1ytCEuuW2_A <--- official California theme music.

    People used to move to California to get rich. Now they leave California to get rich. Businesses used to set up shop in California, and now they flee the state and take their jobs with them. Not even Hollywood is making movies in California anymore. They go to Canada to film to dodge retarded leftist taxes and government over-regulation.

    And what will idiot liberals do to solve their current problems? Raise ta More..

    Posted May-13-2012 By 

    (12)

  • If Obama had a state, it would look like California.

    Posted May-13-2012 By 

    (9)

  • They could raise taxes and cut services like schools and cops, or they could just get rid of all of their illegal immigrants. Your choice California. Dumb asses.

    Posted May-13-2012 By 

    (9)

  • Easy. Stop supporting illegal immigration and deport those that are here.

    Posted May-13-2012 By 

    (7)

  • California has two main problems. Well, O.K., maybe they have a lot more than just two, but with respect to the state government's fiscal mess, the state currently has these two weighing against it:

    1) Electing train wrecks like Jerry Brown, who is the sort of person who would realize that he has a hole in his pocket, but would keep putting change in that pocket all the time just because it seemed like the reasonable thing to put money in a pocket;

    2) Having one of the most convoluted fiscal More..

    Posted May-13-2012 By 

    (7)

  • Get ready tax payers, you WILL be bailing out California very soon.

    Posted May-13-2012 By 

    (7)

  • Eventually you run out of other peoples money to spend. All idiots!!!

    Posted May-13-2012 By 

    (6)

  • HeY! Mexico. We'll give ya back california!

    Posted May-13-2012 By 

    (5)

  • If anybody ever creates an enema for the United States, they would have to stick it in California.

    Posted May-13-2012 By 

    (5)

  • Comment of user 'RugOutFromUnderYou' has been deleted by author!
    • @RugOutFromUnderYou
      Eventually was 20 years ago...it's happening now.

      Posted May-13-2012 By 

      (1)

    • Comment of user 'RugOutFromUnderYou' has been deleted by author!
  • and don't forget his election-payback 'promise' -- his first legislative move, and signing, which allocated millions to the cal. state prison guards union... the state will never get out of the red on that tit-for-tat, ever...

    Posted May-13-2012 By 

    (5)

  • Boy its to bad California dosent have one of those fancy printing presses like the federal government.

    Posted May-13-2012 By 

    (3)

  • They will just borrow a lot more money and fix the fuck up... They will pay it back later... Right? ROFL.

    Posted May-13-2012 By 

    (3)

  • "As California goes, so goes the nation."

    NICE JOB LIBS

    Posted May-13-2012 By 

    (3)

  • Fucking useless governor, the worse of two. The ony choices would have been, roll back the Bullshit. Make the PRK Business friendly and fuck-all regulation. KILL them except for EPA. Too ignorant to do that. And so, in 5 to 10 you will have a population of ignorant spics and whites that can't flee.
    Godamn, stupid Calif gov. they are too insulated from the rest of us. But not for long.

    Posted May-13-2012 By 

    (2)