• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

California has $73 billion budget surplus

Moot

Moot

DP Veteran
Joined
Oct 11, 2006
Messages
40,549
Reaction score
15,452
Location
Utah
Gender
Undisclosed
Political Leaning
Undisclosed
Moot said:
California has a $76 billion surplus and Republicans say progressive policies don't work. How ya doin Texas, Florida, Georgia, Arizona Arkansas, Oklahoma, etc?

apnews.com

With $76B surplus, California proposes rebates for millions

California Gov. Gavin Newsom wants to tap an extraordinary $76 billion budget surplus to give tax rebates to millions of people.
apnews.com apnews.com

Click to expand...
It's good to be in the Golden State!
"California, buoyed by high-earning technology and professional sectors that shifted to at-home work during the pandemic, will recover somewhat faster than the U.S., even though a full rebound in the tourist-dependent leisure and hospitality businesses will lag."
www.latimes.com

California will recover from the pandemic faster than the U.S., forecast says

With vaccinations and federal relief, a "euphoric resumption of social activity" will now power the U.S. and California economies despite lingering inequality.
www.latimes.com www.latimes.com
 
Of course, what is poor Gavin to do? Being in the middle of a recall? Bribe the plebs!
 
Moot said:
California has a $76 billion surplus and Republicans say progressive policies don't work. How ya doin Texas, Florida, Georgia, Arizona Arkansas, Oklahoma, etc?

apnews.com

With $76B surplus, California proposes rebates for millions

California Gov. Gavin Newsom wants to tap an extraordinary $76 billion budget surplus to give tax rebates to millions of people.
apnews.com apnews.com

Click to expand...

To be fair, Georgia has a surplus too. https://www.ajc.com/politics/a-year...ons-up-25-billion/W6UQE2DM35DFBPX5Q64ZB5CNKA/

But to the OP's point, the never-ending prognostications that California's budget would collapse have gone up in smoke. Again.
 
ChezC3 said:
Of course, what is poor Gavin to do? Being in the middle of a recall? Bribe the plebs!
Click to expand...

Steal from the haves; (stock market capital gains tax in) to give to the have-nots via bribes; stimulus out.
 
While there is indeed a huge homelessness problem (there are at least half a dozen tent camps within a couple of miles of where I live, in all directions) and we continue to deal with drought and forest fires, in most other aspects California is doing fine in terms of economy, COVID, etc. The heat wave is rough but that just means a bit more beach time. I'm quite happy with how the state is managing itself. I'd like to see a decent amount of that surplus invested into creating options for more affordable housing--in particular, faster public transportation so people can work in some of these high-cost-of-living areas and not have to put up with 2+ hour commutes because they can't afford to live near where they work.
 
ChezC3 said:
Of course, what is poor Gavin to do? Being in the middle of a recall? Bribe the plebs!
Click to expand...
It's in the CA constitution that when the surplus reaches a certain mark, the overage has to be returned to the taxpayers. I think the surplus was about $16 billion over that mark.
 
Mr Person said:
But the Trumpists promised me that it was a poopy hellhole full of ANTIFA, needles, and homeless people! They wouldn't lie.








Would they?
Click to expand...
Yes they would...
1623866973789.png
 
Moot said:
It's in the CA constitution that when the surplus hits a certain mark, the overage has to be returned to the taxpayers. I think the surplus was about $16 billion over that mark.
Click to expand...
I think I remember something of the sort. Of course, being $16 billion over that mark and now deciding to fulfill his obligation only confirms my suspicions..
 
trixare4kids said:
Steal from the haves; (stock market capital gains tax in) to give to the have-nots via bribes; stimulus out.
Click to expand...
Unless the haves in question make a campaign donation, then they're exempt from the thievery.
 
ChezC3 said:
I think I remember something of the sort. Of course, being $16 billion over that mark and now deciding to fulfill his obligation only confirms my suspicions..
Click to expand...
What are you talking about? Everything below the surplus mark is obligated as per the CA constitution.
 
Moot said:
What are you talking about? Everything below the surplus mark is obligated as per the CA constitution.
Click to expand...
You said, or I read what you said to mean that the quota was met and then there was an additional sum. That additional sum didn't just manifest in a day? It came rolling in, therefore (oh wonderful therefore!) that means he's been sitting on it.
 
ChezC3 said:
You said, or I read what you said to mean that the quota was met and then there was an additional sum. That additional sum didn't just manifest in a day? It came rolling in, therefore (oh wonderful therefore!) that means he's been sitting on it.
Click to expand...
Well, the budget report came out in a day and TMK Gavin didn't say anything about the surplus until after the report came out. So what obligations did Gavin have prior to the report that wasn't embedded in the CA constitution?
 
Moot said:
California has a $76 billion surplus and Republicans say progressive policies don't work. How ya doin Texas, Florida, Georgia, Arizona Arkansas, Oklahoma, etc?

apnews.com

With $76B surplus, California proposes rebates for millions

California Gov. Gavin Newsom wants to tap an extraordinary $76 billion budget surplus to give tax rebates to millions of people.
apnews.com apnews.com

Click to expand...
So why did they need the Federal government to bail out their high speed rail project?

Could it be the media in Cali is again on hands and knees for Democratic self interest? Nahhhh.
 
OpportunityCost said:
So why did they need the Federal government to bail out their high speed rail project?

Could it be the media in Cali is again on hands and knees for Democratic self interest? Nahhhh.
Click to expand...
I think that money was allocated to California's speed rail project long before Trump diverted it to pay for his wall.


www.usatoday.com

California sues over $1B in canceled high-speed rail funding, escalating feud with Trump administration

California sued to block the Trump administration from cancelling funding for a high-speed rail project, escalating tensions.
www.usatoday.com
 
Moot said:
California has a $76 billion surplus and Republicans say progressive policies don't work. How ya doin Texas, Florida, Georgia, Arizona Arkansas, Oklahoma, etc?

apnews.com

With $76B surplus, California proposes rebates for millions

California Gov. Gavin Newsom wants to tap an extraordinary $76 billion budget surplus to give tax rebates to millions of people.
apnews.com apnews.com

Click to expand...

I wonder how much it would cost to clean up the insane homeless problem they have in LA and San Fran. Probably not $76 billion. But that might upset some people.
 
Tlrmln said:
I wonder how much it would cost to clean up the insane homeless problem they have in LA and San Fran. Probably not $76 billion. But that might upset some people.
Click to expand...
No...but a couple billion spent to build low income housing would sure help.
 
Moot said:
California has a $76 billion surplus and Republicans say progressive policies don't work. How ya doin Texas, Florida, Georgia, Arizona Arkansas, Oklahoma, etc?

apnews.com

With $76B surplus, California proposes rebates for millions

California Gov. Gavin Newsom wants to tap an extraordinary $76 billion budget surplus to give tax rebates to millions of people.
apnews.com apnews.com

Click to expand...

Maybe they can pay back the 150 Billion they took from the Fed's in march?
 
You must log in or register to reply here.
Back
Top Bottom