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2013-04-02 Economy
State auditor: California's net worth at negative $127.2 billion
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Posted by Fred 2013-04-02 00:00|| || Front Page|| [11124 views ]  Top

#1 But..but..but.. Krugman says all is sunshine in California.
Posted by tipper 2013-04-02 00:32||   2013-04-02 00:32|| Front Page Top

#2 Not surprising. CA is in serious shit and the tax increase was far short of projections (Laffer curve anyone?)
Posted by DarthVader 2013-04-02 00:39||   2013-04-02 00:39|| Front Page Top

#3 By the DemoLeft definition California clearly is in net or trade surplus.
Posted by JosephMendiola 2013-04-02 01:48||   2013-04-02 01:48|| Front Page Top

#4 Krugman? BWHAAAAAAAAAAAH!
Posted by Mikey Hunt 2013-04-02 02:17||   2013-04-02 02:17|| Front Page Top

#5 Well you're average lefty does claim wealth is bad, so this is a success right?!?
Posted by Bright Pebbles 2013-04-02 07:54||   2013-04-02 07:54|| Front Page Top

#6 Nothing that can't be fixed papered over with a bail out by uncle Sugar taxpayers in all other states.
Posted by M. Murcek 2013-04-02 08:27||   2013-04-02 08:27|| Front Page Top

#7 All those private 401(k)'s and savings accounts sure are ripe for the taking, because it's the "people's" money you know.
Posted by AlmostAnonymous5839 2013-04-02 09:29||   2013-04-02 09:29|| Front Page Top

#8 Nothing that can't be fixed papered over with a bail out by uncle Sugar taxpayers in all other states.

It only takes 3/4th of the others to say 'so long and thanks for all the fish' as well. Just getting the rumbling of that popping up will make the ruling caste very nervous.
Posted by Procopius2k 2013-04-02 10:40||   2013-04-02 10:40|| Front Page Top

#9 About half of the $127.2 billion in accumulated red ink came from the state's issuing general obligation bonds

Obviously a error of this sort would never be tolerated at the national level.
[sarc off]
Posted by Besoeker 2013-04-02 10:42||   2013-04-02 10:42|| Front Page Top

#10 Right you are, Besoeker. My first reaction is that this is what happens when you open the border and allow millions of third world types to invade your country. Politicians rush to give them the benefits of an advanced, first world economy until that advanced, first world economy is bankrupt. Then the third world types start electing their own politicians and next thing you know California is a third world state. But the rest of you cannot afford to be so smug. It is a nationwide problem.
Posted by Abu Uluque 2013-04-02 10:57||   2013-04-02 10:57|| Front Page Top

#11  A little bit ironic in a way.

Posted by junkiron 2013-04-02 13:09||   2013-04-02 13:09|| Front Page Top

#12 Best comment I saw about Stockton, CA:


Hey, where's Newsweak with their "WE'RE ALL BARACKRUPT NOW" front cover? Oh yeah, I forgot, they already went Barackrupt too...
Posted by airandee 2013-04-02 15:24||   2013-04-02 15:24|| Front Page Top

23:54 JosephMendiola
23:42 gorb
22:50 DarthVader
22:41 Besoeker
22:29 Skidmark
22:27 Skidmark
22:17 tu3031
21:22 Besoeker
21:12 Thing From Snowy Mountain
20:11 trailing wife
20:10 tipover
20:09 JosephMendiola
20:06 trailing wife
20:05 Procopius2k
19:59 Procopius2k
19:58 JosephMendiola
19:57 JosephMendiola
19:53 JosephMendiola
19:53 trailing wife
19:51 JosephMendiola
18:01 Iblis
17:57 Besoeker
17:53 Ebbang Uluque6305
17:51 Bright Pebbles









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