Explain

explain

Other urls found in this thread:

uscommonsense.org/research/unsustainable-california-the-top-10-issues-facing-the-golden-state-wall-of-debt/
en.wikipedia.org/wiki/CalPERS
ballotpedia.org/State_debt
sfchronicle.com/politics/article/California-s-400-billion-debt-worries-analysts-6812264.php
latimes.com/politics/la-pol-sac-jerry-brown-budget-trump-risks-20170110-story.html
youtube.com/watch?v=tex-M3rjDWk
twitter.com/SFWRedditImages

nothing to explain, republicans are the cancer destroying this country

It's a lie, Cali is 500 billion in debt.

>he thinks the rich pay taxes

Try Texas you inbred democrat. Best economic state and the reddest state to grace gods green earth.

Californa has the highest poverty rate in the country when adjusted for cost of living.

All the California cities are going bankrupt.

> sample size of 2

Look at Texas, it's got low tax rates and is booming just like Commiefornia.

California is $443 Billion in debt


I don't know where you got that surplus from but they're running $26 Billion in budget deficit every year


uscommonsense.org/research/unsustainable-california-the-top-10-issues-facing-the-golden-state-wall-of-debt/

a surplus is a bad thing.
how is taxation going towards nothing defensible?

So many right wing retards jealous of booming California, the 5th largest economy in the world, with a 4.2% GDP growth rate.

Fixing the underlying problems sometimes doesn't fix the immediate problem, Hollywood is an anchor for overpaid people, California can raise taxes as much as they like and won't see them leave.

Probably cause cali has all that agriculture, silicon valley and hollywood shit that shits money. Not really fair to compare cali to some fly over states. No matter if cali was red or blue, it would still print money like no tomorrow. But all you wanted was (you), so I don't know why I bothered typing up anything.

but thats simply wrong you fuck, CA still has the biggest debt in the nation

Texas will be a swing state in a few years, maybe the next election even

>CA budget surplus

Fucking kek.

YOU'RE FORGETTING THE WALL MOTHERFUCKERS

For the love of Christ, can u right wing retards figure out what a budget surplus. You fucking morons are brain dead you know that.

A BUDGET SURPLUS = REVENUES - EXPENDITURES.

California has a budget surplus.

You retards keep splerging out about fucking pension liabilities.

Yet you ignore THE FUCKING $300 BILLION IN PENSION ASSETS.

>As of June 30, 2014, CalPERS managed the largest public pension fund in the United States, with $300.3 billion in assets.

en.wikipedia.org/wiki/CalPERS

You measure pension assets vs liabilities.

Not pension liabilities vs the budget balance. Fucking morons.

My god how do u right wing retards function in real life.

Funny, that's what (they) said this election

>(ID: Jew6SgSA
hmm I wonder who could be trying to save his shekels from taxation here...

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I would assume the booming tech & entertainment industry in calif would have summit to do with it

>Kansas debt per capita: $13,523
>California debt per capita: $20,449

Considering California is ocean side on extremely fertile land and has used Mexican slave labor for many years, it really makes you think.

>post about rich paying taxes
>ID
>Jew

WHAT ASSETS FAGGOT WHEN YOU"RE IN FUCKING DEBT.

Republican past elections:
>Tennessee state debt per capita = $953.21 (Lowest)
>Texas state debt per capita = $1,664.51
>Kansas state debt per capita = $2,363.27

Democrats past elections:
>California state debt per capita = $4,209.16
>New York state debt per capita = $7,040.97
>Massachusetts state debt per capita = $11,337.63 (Highest)

ballotpedia.org/State_debt

Hmmmm, why are the dem's so shit?

omg

right wing retards are clueless morons

Do you know what a pension fund is?

en.wikipedia.org/wiki/CalPERS

nice ID fucking kike faggot

>"Hey let's compare a coastal state with an abundance of natural resources, major cities, and a massive population to a rural state."
>"OMFG, RETHUGLIKKANS BTFO!"

lol ok pablo

Metropolis vs Wasteland.

Never gonna happen.

>implying Mississippi, Alabama and Louisiana aren't broke ass right wing retard failed states

...

Maybe you should call them up and tell them to stop worrying then.
sfchronicle.com/politics/article/California-s-400-billion-debt-worries-analysts-6812264.php

I'm sure it will be a load off their minds.

Shekelstein has spoken.

Wtf I hate high taxes for the rich now

Could you speak up? We can't hear you from way back in 2012

Texas is a BLUE STATE already, but it doesn't help when the election is hacked.

Lol once again you right wing retards can't grasp basic concepts.

Yes their long term liabilities present challenges. But they're easily solvable. That's what liberals do. They solve problems.

All that has to be done is just get the public service workers to contribute a little more to their pension funds.

Jerry Brown has got the state on solid financial footing.


>Without changes, the state estimates that unfunded liability would grow to $300 billion by 2047.

So basically, by 2047 it would match how much they have in assets right now.

>As of June 30, 2014, CalPERS managed the largest public pension fund in the United States, with $300.3 billion in assets.

en.wikipedia.org/wiki/CalPERS

Have you retards learned what a budget surplus is and how that differentiates from a long term pension liability?

...

>en.wikipedia.org/wiki/CalPERS


HOW IS A PENSION FUND GOING TO FIX A BROKEN DAM OR A FUCKING ROAD

California is shit mate. Everyone there is poor as fuck. There is a small minority that make a ton of money. Even for them the cost of living is so high they will be struggling unless they commute 2 hours to work.

Also your surplus is bullshit. The state owes hundreds of billions in bonds.
>We got 100b in bond money we have a surplus
>to bad we owe 120 billion on it next year.

>the government sitting on a surplus is a good thing
>town isn't a utopia

>Is an expert on how to not pay taxes
>ID literally is jew
Can't make this shit up

>testosterone treatments
>Somehow stronger than other females
Why do they allow this.

...

Yet california cannot maintain simple infrastructure such as dams and reservoirs.

Something a babylonians were cabable of doing four thousand fucking years ago.

Face it, in the face of an unprecended demographic shift, youre rapidly regressing to a third world shithole.

>city is rich so it can risk rich people fleeing
>city is poor so it tries to keep rich people in

>mostly true
aka. completely false.

That's not how bonds work kid.

California has paid down a mountain of debt under Jerry Brown.

This

The wall will be on the US border,taking away lots of land due to enviromental Jewish policies about how a wall can't be 100 feet near a river etc

that's a good one

>Yes their long term liabilities present challenges.
Well I'm glad you finally go taround to admitting there are "challenges".

>But they're easily solvable. That's what liberals do. They solve problems.
Yeah we all know how good California is at solving problems and not letting them fester out of sight out of mind until they're on the verge of collapse like that dam.

see and get triggered bitch

Lol your economy is in debt you illegal shitskin.

>1 post by this ID

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You tax an over heated economy to prevent a bubble and to refil government coffers. You then spend this money in recession to get the economy moving again. You can also reduce taxes.

This is considered the ideal.

Obama leaf is that you?

Hm. Checked.

...

haha that's complete horseshit. nice try leafcuck.

Right wing retards are gunna splerg about a dam for 10 fucking years when California already pretty much fixed it.

You retards are fucking children

Liberals solve problems while right wing retards splerg out like fucking morons.

...

correctme if I'm wrong, but assets like pension are engaged investments yes? How does that figure into economic growth? There is no return on static investments like pension. This could free up funds for public projects or infrastructure investments, but I fail to see how a static pension fund impacts government spending. But I'm a layman so explain what you're trying to get across as simply as you can.

yes it's me

>explained

>entire economy changed because one tax was changed

This isn't how economics works faggots.

latimes.com/politics/la-pol-sac-jerry-brown-budget-trump-risks-20170110-story.html

really makes you think

4.2% is for babies.
Ireland seen growth in GDP of 25% last year.

Pension funds don't really affect general revenues and the budget balance. That's exactly my point.

People with brains will point out that California has a budget surplus (which is true), meaning operating revenues - expenditures, and then right wing retards will splerg out (without understanding) BUT MUH long term pension liabilities. Every time.

It's retards comparing apples to oranges and not understand either.

The real question is why rich people would live in kansas

ITT butthurt Conservatives jelly of Cali

I heard the cost of living is ridiculous and its swarmed with mexicans.

better than living in bumfuck nowhere alabama

why the fuck everything must be apples and oranges with you people , why do you always have to compare 2 uncomparable things. I dont live in the states but comparing kansan to california would be comparing istanbul to a random agricultural city.

You really don't know how assets work do you? A pension fund is money that's literally already been assigned to something: pensions. Kill yourself leaf

this

Cal is sooo rich
pic related (not enough money to hold back liberal tears)

California has NOTHING on Ontario in per capita debt- while Californians carry a national+state debt of 24k, Ontario carries a national+provincial debt of 34k. (both USD)

Ontario's debt is 13M, but has $240,000,000 USD debt.

Lol that's because your potato country is a globalist offshore tax shelter. None of that JewDP growth actually goes to your people.

youtube.com/watch?v=tex-M3rjDWk

Alabama hates California because it's illegal to fuck your sister

And texas is 350 billion in debt. Debt means nothing

you get all your info from pol. No wonder you're retarded

>Pension funds don't really affect general revenues and the budget balance.
You must be hopelessly naive to believe this.

Government is more incestous than Alabama.

Why is Obama leaf in every thread that I happen to be interested in?

>Inb4 I'm called a right wing retard.

why can't I stop fucking laughing?

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whatever it takes to make your state nigger and kike free, do it

california is such a hell hole

I guess we have the same interests.

...

California

Yeah the rich don't pay taxes. Raises taxes on the rich probably means raising taxes on those who make above 60k. My source is fuck you.

Why?

you need to post it in text form so it adds to the high score

Stryan cuck detected

>trumpjew

rural and suburban retards.

thank god that is federal-owned land, not managed by the spics and niggers of niggerfornia