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California sales tax revenue down 33.5% vs estimates

 
Fred
User ID: 1513858
United States
08/16/2012 04:19 PM
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Re: California sales tax revenue down 33.5% vs estimates
California Sales Tax Revenues Nosedive By 33.5%

The state has avoided default by temporarily borrowing from state trust funds, but those accounts will soon need their cash back to continue operating. Today California quickly began trying to sell $10 billion in municipal bonds to fund the record $28 billion they need to keep the lights on. With tax revenue plummeting and the state already the second lowest rated credit in the country, if the independent credit rating agencies downgrade the state to “junk bond”, California will be short up to $18 billion and default.


[link to tipggita32.wordpress.com (secure)]

Basically, California is to the United States as Greece is to the EU. Here comes the bailouts that will only lead to more bailouts...
 Quoting: jcab2002


cut em loose.

fuck Cali.
 Quoting: Anonymous Coward 1379065


Please do cut us lose, would save me a shitload on taxes.
Anonymous Coward
User ID: 13828320
United States
08/16/2012 04:22 PM
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Re: California sales tax revenue down 33.5% vs estimates
Obviously they need to increase the sales tax rate STAT!
 Quoting: Anonymous Coward 1073078


We already pay 10.5%.
Anonymous Coward
User ID: 846701
United States
08/16/2012 04:25 PM
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Re: California sales tax revenue down 33.5% vs estimates
California Sales Tax Revenues Nosedive By 33.5%

The state has avoided default by temporarily borrowing from state trust funds, but those accounts will soon need their cash back to continue operating. Today California quickly began trying to sell $10 billion in municipal bonds to fund the record $28 billion they need to keep the lights on. With tax revenue plummeting and the state already the second lowest rated credit in the country, if the independent credit rating agencies downgrade the state to “junk bond”, California will be short up to $18 billion and default.


[link to tipggita32.wordpress.com (secure)]

Basically, California is to the United States as Greece is to the EU. Here comes the bailouts that will only lead to more bailouts...
 Quoting: jcab2002


The funny thing is, the debt isn't that huge considering the economy in California. These fuckers don't want to fire all the government employees so they keep borrowing to keep their damn jobs. Cut these government employees loose and California will blossom again. These fuckers would rather chase businesses away than to loose their own jobs.
NightWisp

User ID: 942369
United States
08/16/2012 04:32 PM

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Re: California sales tax revenue down 33.5% vs estimates
No jobs... No money... no spend.. no taxes.. no money for the illegals sucking the gov't teat dry.

DIMS never learn.

Don't come to my state asking for a handout for your stupidity I do not approve of. I did not take them on to raise.

Last Edited by NightWisp on 08/16/2012 04:33 PM
Anonymous Coward
User ID: 22072623
United States
08/16/2012 04:34 PM
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Re: California sales tax revenue down 33.5% vs estimates
California Sales Tax Revenues Nosedive By 33.5%

The state has avoided default by temporarily borrowing from state trust funds, but those accounts will soon need their cash back to continue operating. Today California quickly began trying to sell $10 billion in municipal bonds to fund the record $28 billion they need to keep the lights on. With tax revenue plummeting and the state already the second lowest rated credit in the country, if the independent credit rating agencies downgrade the state to “junk bond”, California will be short up to $18 billion and default.


[link to tipggita32.wordpress.com (secure)]

Basically, California is to the United States as Greece is to the EU. Here comes the bailouts that will only lead to more bailouts...
 Quoting: jcab2002


Just a preview of the rest of the socialist hell country is heading towards!

If California goes down, we all go down.
Anonymous Coward
User ID: 19228212
United States
08/16/2012 04:49 PM
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Re: California sales tax revenue down 33.5% vs estimates
California Sales Tax Revenues Nosedive By 33.5%

The state has avoided default by temporarily borrowing from state trust funds, but those accounts will soon need their cash back to continue operating. Today California quickly began trying to sell $10 billion in municipal bonds to fund the record $28 billion they need to keep the lights on. With tax revenue plummeting and the state already the second lowest rated credit in the country, if the independent credit rating agencies downgrade the state to “junk bond”, California will be short up to $18 billion and default.


[link to tipggita32.wordpress.com (secure)]

Basically, California is to the United States as Greece is to the EU. Here comes the bailouts that will only lead to more bailouts...
 Quoting: jcab2002


Just a preview of the rest of the socialist hell country is heading towards!

If California goes down, we all go down.
 Quoting: Anonymous Coward 22072623


California MUST be allowed to crash, for the rest of the country to survive.
Anonymous Coward
User ID: 11963746
United States
08/16/2012 04:52 PM
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Re: California sales tax revenue down 33.5% vs estimates
Linky no does worky.
calin

User ID: 1350324
United States
08/16/2012 05:01 PM
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Re: California sales tax revenue down 33.5% vs estimates
California Sales Tax Revenues Nosedive By 33.5%

The state has avoided default by temporarily borrowing from state trust funds, but those accounts will soon need their cash back to continue operating. Today California quickly began trying to sell $10 billion in municipal bonds to fund the record $28 billion they need to keep the lights on. With tax revenue plummeting and the state already the second lowest rated credit in the country, if the independent credit rating agencies downgrade the state to “junk bond”, California will be short up to $18 billion and default.


[link to tipggita32.wordpress.com (secure)]

Basically, California is to the United States as Greece is to the EU. Here comes the bailouts that will only lead to more bailouts...
 Quoting: jcab2002


The funny thing is, the debt isn't that huge considering the economy in California. These fuckers don't want to fire all the government employees so they keep borrowing to keep their damn jobs. Cut these government employees loose and California will blossom again. These fuckers would rather chase businesses away than to loose their own jobs.
 Quoting: Anonymous Coward 846701


Finally - someone that made some sense on this thread.
Anonymous Coward
User ID: 20898744
United States
08/16/2012 05:08 PM
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Re: California sales tax revenue down 33.5% vs estimates
and with all the illegals sucking off the tit, this will happen very soon.
Anonymous Coward
User ID: 22066444
Poland
08/16/2012 05:08 PM
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Re: California sales tax revenue down 33.5% vs estimates
5a
Anonymous Coward
User ID: 17851333
United States
08/16/2012 05:09 PM
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Re: California sales tax revenue down 33.5% vs estimates
California Sales Tax Revenues Nosedive By 33.5%

The state has avoided default by temporarily borrowing from state trust funds, but those accounts will soon need their cash back to continue operating. Today California quickly began trying to sell $10 billion in municipal bonds to fund the record $28 billion they need to keep the lights on. With tax revenue plummeting and the state already the second lowest rated credit in the country, if the independent credit rating agencies downgrade the state to “junk bond”, California will be short up to $18 billion and default.


[link to tipggita32.wordpress.com (secure)]

Basically, California is to the United States as Greece is to the EU. Here comes the bailouts that will only lead to more bailouts...
 Quoting: jcab2002


cut em loose.

fuck Cali.
 Quoting: Anonymous Coward 1379065


Polly wanna cracker? Fuck you!
Anonymous Coward
User ID: 17851333
United States
08/16/2012 05:11 PM
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Re: California sales tax revenue down 33.5% vs estimates
California Sales Tax Revenues Nosedive By 33.5%

The state has avoided default by temporarily borrowing from state trust funds, but those accounts will soon need their cash back to continue operating. Today California quickly began trying to sell $10 billion in municipal bonds to fund the record $28 billion they need to keep the lights on. With tax revenue plummeting and the state already the second lowest rated credit in the country, if the independent credit rating agencies downgrade the state to “junk bond”, California will be short up to $18 billion and default.


[link to tipggita32.wordpress.com (secure)]

Basically, California is to the United States as Greece is to the EU. Here comes the bailouts that will only lead to more bailouts...
 Quoting: jcab2002


Just a preview of the rest of the socialist hell country is heading towards!

If California goes down, we all go down.
 Quoting: Anonymous Coward 22072623


California MUST be allowed to crash, for the rest of the country to survive.
 Quoting: Anonymous Coward 19228212


As if the rest of the country isn't hanging on the edge by their goddamn financial fingertips. Yeah, right. We're all fucked and those in this thread that are rooting for Cali to crash are falling into the divide and conquer crap.

Hatred for people who live in California needs a name, it's becoming one of those fucking isms.
calin

User ID: 1350324
United States
08/16/2012 05:22 PM
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Re: California sales tax revenue down 33.5% vs estimates
California is a pretty great place to live!

Last Edited by calin on 08/16/2012 05:22 PM
Anonymous Coward
User ID: 16614101
United States
08/16/2012 05:23 PM
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Re: California sales tax revenue down 33.5% vs estimates
What say you libtards?

*crickets*
jcab2002 (OP)

User ID: 11489804
United States
08/16/2012 05:23 PM
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Re: California sales tax revenue down 33.5% vs estimates
California Sales Tax Revenues Nosedive By 33.5%

The state has avoided default by temporarily borrowing from state trust funds, but those accounts will soon need their cash back to continue operating. Today California quickly began trying to sell $10 billion in municipal bonds to fund the record $28 billion they need to keep the lights on. With tax revenue plummeting and the state already the second lowest rated credit in the country, if the independent credit rating agencies downgrade the state to “junk bond”, California will be short up to $18 billion and default.


[link to tipggita32.wordpress.com (secure)]

Basically, California is to the United States as Greece is to the EU. Here comes the bailouts that will only lead to more bailouts...
 Quoting: jcab2002


Just a preview of the rest of the socialist hell country is heading towards!

If California goes down, we all go down.
 Quoting: Anonymous Coward 22072623


California MUST be allowed to crash, for the rest of the country to survive.
 Quoting: Anonymous Coward 19228212


They'll never be allowed to crash. Because for California to crash, it would mean the banks would have to pay for it. They won't. They never do. It must be shifted to taxpayers, any taxpayers.

It would be best for any state or local government to be allowed to crash, but they'll be "bailed out" by handing them even more debt that they can never pay back.

Last Edited by jcab2002 on 08/16/2012 05:24 PM
“We must keep the people busy with political antagonisms."
“We’ll therefore speed up the question of reform (of tarrifs within) the Democratic Party; and we’ll put the spotlight on the question of protection …(for) the Republican Party."

“By dividing the electorate this way, we’ll be able to have them spend their energies at struggling amongst themselves, on questions that, for us, have no importance whatsoever." - United State Bankers magazine, 1892.
Anonymous Coward
User ID: 17851333
United States
08/16/2012 05:26 PM
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Re: California sales tax revenue down 33.5% vs estimates
No jobs... No money... no spend.. no taxes.. no money for the illegals sucking the gov't teat dry.

DIMS never learn.

Don't come to my state asking for a handout for your stupidity I do not approve of. I did not take them on to raise.
 Quoting: NightWisp


Us Californians didn't take you on to raise either, but we are and have been doing it. Take a look at how much federal tax money flows out of Cali and how much of it we actually get back! Ignorant, educate yourselves!
Anonymous Coward
User ID: 20348387
United States
08/16/2012 05:57 PM
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Re: California sales tax revenue down 33.5% vs estimates
California Sales Tax Revenues Nosedive By 33.5%

The state has avoided default by temporarily borrowing from state trust funds, but those accounts will soon need their cash back to continue operating. Today California quickly began trying to sell $10 billion in municipal bonds to fund the record $28 billion they need to keep the lights on. With tax revenue plummeting and the state already the second lowest rated credit in the country, if the independent credit rating agencies downgrade the state to “junk bond”, California will be short up to $18 billion and default.


[link to tipggita32.wordpress.com (secure)]

Basically, California is to the United States as Greece is to the EU. Here comes the bailouts that will only lead to more bailouts...
 Quoting: jcab2002


Fuck bailing out these stupid libtards and their fucked up policies. Let the fold. Such a beautiful state too. Too bad the libtards have made it virtually unlivable for productive citizens.
Anonymous Coward
User ID: 22089705
United States
08/16/2012 06:19 PM
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Re: California sales tax revenue down 33.5% vs estimates
Mutts for Mitt all agree …
Better in the crate than on the plate.
Anonymous Coward
User ID: 22029206
United States
08/16/2012 06:26 PM
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Re: California sales tax revenue down 33.5% vs estimates
Illinois is right on their heels if not worse.
 Quoting: jcab2002


Yep, 2nd worst only to Illinois...
Anonymous Coward
User ID: 22090430
United States
08/16/2012 06:35 PM
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Re: California sales tax revenue down 33.5% vs estimates
Eazy peazy ....
just do what Ohio did over 8 years ago when it was
going broke.
RAISE THE STATE SALES TAX ! Governor ordered it !

No one can do sheet about that, none of the small people anyway....
TechRaider

User ID: 8668963
United States
08/16/2012 06:58 PM
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Re: California sales tax revenue down 33.5% vs estimates
Seems a sanctuary State filled with sanctuary cities should be booming, especially health care, education and all social services. That stuff can't be free.
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson
Anonymous Coward
User ID: 22093484
United States
08/16/2012 07:53 PM
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Re: California sales tax revenue down 33.5% vs estimates
we should take their statehood away putting them back as a territory.

they just can't handle it. they have committed election
suicide. too bad for them. WE ARE NOT ALL IN THIS TOGETHER.

all other states should not be liable for their mass corruption and political disaster.
Jessica
User ID: 9673049
United States
08/16/2012 07:57 PM
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Re: California sales tax revenue down 33.5% vs estimates
California Sales Tax Revenues Nosedive By 33.5%

The state has avoided default by temporarily borrowing from state trust funds, but those accounts will soon need their cash back to continue operating. Today California quickly began trying to sell $10 billion in municipal bonds to fund the record $28 billion they need to keep the lights on. With tax revenue plummeting and the state already the second lowest rated credit in the country, if the independent credit rating agencies downgrade the state to “junk bond”, California will be short up to $18 billion and default.


[link to tipggita32.wordpress.com (secure)]

Basically, California is to the United States as Greece is to the EU. Here comes the bailouts that will only lead to more bailouts...
 Quoting: jcab2002


Just a preview of the rest of the socialist hell country is heading towards!

If California goes down, we all go down.
 Quoting: Anonymous Coward 22072623


California MUST be allowed to crash, for the rest of the country to survive.
 Quoting: Anonymous Coward 19228212


As if the rest of the country isn't hanging on the edge by their goddamn financial fingertips. Yeah, right. We're all fucked and those in this thread that are rooting for Cali to crash are falling into the divide and conquer crap.

Hatred for people who live in California needs a name, it's becoming one of those fucking isms.
 Quoting: Anonymous Coward 17851333



How about retardism?
Brevet

User ID: 8496381
United States
08/16/2012 09:08 PM

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Re: California sales tax revenue down 33.5% vs estimates
When Cali and Illinois ask/demand a bailout for a Trillion dollars from the Fed gov, that is when this country will FINALLY say ENOUGH!

It's going to be one hellava time to be alive.
Anonymous Coward
User ID: 5859380
United States
08/16/2012 09:10 PM
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Re: California sales tax revenue down 33.5% vs estimates
too big to fail
Anonymous Coward
User ID: 22095007
United States
08/16/2012 09:33 PM
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Re: California sales tax revenue down 33.5% vs estimates
California Sales Tax Revenues Nosedive By 33.5%

The state has avoided default by temporarily borrowing from state trust funds, but those accounts will soon need their cash back to continue operating. Today California quickly began trying to sell $10 billion in municipal bonds to fund the record $28 billion they need to keep the lights on. With tax revenue plummeting and the state already the second lowest rated credit in the country, if the independent credit rating agencies downgrade the state to “junk bond”, California will be short up to $18 billion and default.


[link to tipggita32.wordpress.com (secure)]

Basically, California is to the United States as Greece is to the EU. Here comes the bailouts that will only lead to more bailouts...
 Quoting: jcab2002


The funny thing is, the debt isn't that huge considering the economy in California. These fuckers don't want to fire all the government employees so they keep borrowing to keep their damn jobs. Cut these government employees loose and California will blossom again. These fuckers would rather chase businesses away than to loose their own jobs.
 Quoting: Anonymous Coward 846701


this

Im a happy EX Californian

i just hope they sprinkle salt on the leaches before its all done
Anonymous Coward
User ID: 22095007
United States
08/16/2012 09:36 PM
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Re: California sales tax revenue down 33.5% vs estimates
but one of the other posters was correct california does and has paid way more than the fair share of fed taxes
Will Munny

User ID: 22099910
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08/16/2012 10:24 PM
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Re: California sales tax revenue down 33.5% vs estimates
That is one state you could not pay me to live in..........shit will get real when they run out of fiat to hand out, it will burn.

Last Edited by Will Munny on 08/16/2012 10:25 PM
Anonymous Coward
User ID: 22089446
United States
08/16/2012 10:45 PM
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Re: California sales tax revenue down 33.5% vs estimates
No jobs... No money... no spend.. no taxes.. no money for the illegals sucking the gov't teat dry.

DIMS never learn.

Don't come to my state asking for a handout for your stupidity I do not approve of. I did not take them on to raise.
 Quoting: NightWisp


Cali is a donor state which means if your state isn't also then your state has already taken a hand out from Cali.
Anonymous Coward
User ID: 20490216
United States
08/16/2012 10:59 PM
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Re: California sales tax revenue down 33.5% vs estimates
California Sales Tax Revenues Nosedive By 33.5%

The state has avoided default by temporarily borrowing from state trust funds, but those accounts will soon need their cash back to continue operating. Today California quickly began trying to sell $10 billion in municipal bonds to fund the record $28 billion they need to keep the lights on. With tax revenue plummeting and the state already the second lowest rated credit in the country, if the independent credit rating agencies downgrade the state to “junk bond”, California will be short up to $18 billion and default.


[link to tipggita32.wordpress.com (secure)]

Basically, California is to the United States as Greece is to the EU. Here comes the bailouts that will only lead to more bailouts...
 Quoting: jcab2002


Just a preview of the rest of the socialist hell country is heading towards!

If California goes down, we all go down.
 Quoting: Anonymous Coward 22072623


California MUST be allowed to crash, for the rest of the country to survive.
 Quoting: Anonymous Coward 19228212


They'll never be allowed to crash. Because for California to crash, it would mean the banks would have to pay for it. They won't. They never do. It must be shifted to taxpayers, any taxpayers.

It would be best for any state or local government to be allowed to crash, but they'll be "bailed out" by handing them even more debt that they can never pay back.
 Quoting: jcab2002


Yep.

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