California 'fiscal emergency' declared

Yah. Cali is going down soon...its like karma man. All the fake people and corruption that is far from being able to be managed. No one wants to work hard anymore and its not just Cali...its from all the films on TEE VEEE made in Cali...hahahah...so its all Calis fault.

Arnold better get his machine gun cause he'll need it for sure when TSHTF in the next few months.

Is is just me or is everything pointing toward Nov when TSHTF?

We have to do away with welfare,peoplefrom south come here because Calif pays more,better weather etc,check out who is n welfare it is mostly whites and blacks,make people pay their own way,get rid of tree hugger laws,they hae been parasites for far too long

im only saying this because its a huge factor many people are overlooking when analyzing California's current fiscal situation.

Prop 19 has not passed yet, but its effects are already being seen across the board. the cannabis industry is only semi-legitimized right now, a GOOD CHUNK of those folks that are unemployed are already legally supplying the medical portion of this industry through prop 215.

for 100-150 dollars one can obtain a license to produce a slightly less quantity than prop 19 will allow. one can sell their entire harvest to a dispensary tax free, and earn a meager income. many many many people are doing it already, and after november even more people will. once the proposition pass's all of that money already flowing will be taxed and the "official" numbers will start looking better.

the official numbers look worse right now than they really are.

Oakland also just passed a measure to issue commercial licenses to grow larger quantities.

these are significant numbers, you will see California doing better by time 2011 is up, and by that time the majority of the rest of the nation will be like how california is now. that is assuming meg whitman wins election and prop 19 pass's, but even if it doesnt the medical cannabis field has done nothing but prosper and grow since its inception in 1996. for such a limited industry in such a poverty stricken area its been doing GREAT.

The problem is the mind set of the politicians.

"It's shocking that every single one of the governor's budget moves deliberately hurt people," said Shannon Murphy, spokeswoman for Assembly Speaker John Perez.

source

Hurt the people, stop giving everything away. I won't even mention the illegal problems that have ravaged your state for years.

California is the perfect example of everything wrong with the politics of the last 20 years with buying votes of every group and handing out every benefit workers wanted with no regard to payments in the future.

Over inflated property values only bring in so much property tax. Taxing honest employers and workers bring in only so much money. Expenditures need to meet income, otherwise, cut expenditures. The taxpayer has had enough.