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Gayin Newscum says the state is in a hole for $54B.


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2020 May 18, 10:10am   1,072 views  13 comments

by RWSGFY   ➕follow (4)   💰tip   ignore  

Soo, CA had $21B surplus before it all started and now it has a $75B deficit? How the fuck do you blow $75B in two fucking months? On what exactly? It's what, roughly $2.5K per resident? Does it feel like the state has spent $10K on your family of four? It sure doesn't for me.

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1   FuckTheMainstreamMedia   2020 May 18, 10:12am  

The Democrats suck up tax money like Lizzo gulps donuts.
2   Onvacation   2020 May 18, 11:07am  

covid_shmovid says
How the fuck do you blow $75B in two fucking months?

Give illegal aliens money for being here and buy faulty masks from China.
3   WookieMan   2020 May 18, 11:13am  

They spent the same and took in 80% less. Fees and sales taxes are huge in any state that does it. Motor fuel tax. When you tell people to stay home, those taxes fucking disappear and government doesn't lay people off and they'll never stop pension payments. 40+ million people will burn through $100B pretty quickly.
4   marcus   2020 May 18, 11:40am  

:
Revenue shortfalls. Maybe he is including projections of the next several months, revenues minus spending.
5   MisdemeanorRebel   2020 May 18, 11:54am  

Well, it's time to up the contributions into the Pension and Health Care from Gov't Employees, a top expense. No getting around it. And a wage increase freeze.
6   socal2   2020 May 18, 12:06pm  

NoCoupForYou says
Well, it's time to up the contributions into the Pension and Health Care from Gov't Employees, a top expense. No getting around it. And a wage increase freeze.


Yep.
7   marcus   2020 May 18, 12:29pm  

NoCoupForYou says
a wage increase freeze.


I wish.

IF this doesn't turn around fairly fast, we'll probably have furlough days for a few years like we did after '08. (that is basically a pay cut, while keeping our official pay - for the record - what it was before - for example if someone retired then it would be based on the official amount - but pay is lowered. And no it's not less work, which usually is what furlough means).

After '08 we had lower pay for a few years and then eventually back to what it was. The first raise above '08 pay level was in about 2014.
8   mell   2020 May 18, 12:37pm  

marcus says
NoCoupForYou says
a wage increase freeze.


I wish.

IF this doesn't turn around fairly fast, we'll probably have furlough days for a few years like we did after '08. (that is basically a pay cut, while keeping our official pay - for the record - what it was before - for example if someone retired then it would be based on the official amount - but pay is lowered. And no it's not less work, which usually is what furlough means).

After '08 we had lower pay for a few years and then eventually back to what it was. The first raise above '08 pay level was in about 2014.


Many of the private sector people in the area are either furloughed or laid off. This is going to backfire for the left spectacularly. Most of the yoga, coreworks, cardio, pilates teachers usually have a firmly left background, I have heard many of them using the terms lockdown bullshit and fuck Newsom lately. If teachers were only half as affected in cuts as private sector people this lockdown would be over already. You should take the lead and vote for freedom this time, it's time to stop being hypocritical and #walkaway from the Demonrats as long as the left continues to sell out the working class.
9   socal2   2020 May 18, 12:45pm  

mell says
You should take the lead and vote for freedom this time, it's time to stop being hypocritical and #walkaway from the Demonrats as long as the left continues to sell out the working class.


The Government bureaucracy is not going to walk away as long as the Democrats and Unions are willing to bankrupt everyone to keep lavish pay and pensions in place.
10   Misc   2020 May 20, 6:00am  

I wonder if his figures include the $2 billion plus per week, that California is borrowing from the federal government for unemployment payouts. Anyone know?
11   steveincali   2020 May 20, 10:50am  

Lived through that. At one point it was 3 days per month (15% cut), and I can attest it didn't mean less work--it actually meant more in my department.

marcus says
NoCoupForYou says
a wage increase freeze.


I wish.

IF this doesn't turn around fairly fast, we'll probably have furlough days for a few years like we did after '08. (that is basically a pay cut, while keeping our official pay - for the record - what it was before - for example if someone retired then it would be based on the official amount - but pay is lowered. And no it's not less work, which usually is what furlough means).

After '08 we had lower pay for a few years and then eventually back to what it was. The first raise above '08 pay level was in about 2014.
12   Ceffer   2020 May 20, 5:56pm  

Just take the 54 billion out of the Public Self Service Union retirement fund and pro-rate it. Problem solved.
13   B.A.C.A.H.   2020 Jun 18, 6:31am  

marcus says
Revenue shortfalls


"revenue shortfall".

(Not saying its your motivation here), but why to the apparatchiks discuss "revenue" instead of "taxes"?

Do they fear the pitchforks of stuff like Prop-13 by sugar coating what they do with words like "revenue"?

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