Politics Electoral & Popular Vote Predictions

California isn't bankrupt, there is a surplus right now.

 

Their unfounded debt and obligations top $18 BILLION

 

Right because they don't include that in their budget. Though, they dont follow the same accounting principles as most US companies do.

 

Technically Lasalle is right but it certainly is no indication that they are in good financial health. An annual budget is like a P&L, you don't see debt on it.

 

"Brown is using cash-based budgeting to underreport the cost of an employee benefit — retiree health care — by $3 billion. The governor could have chosen to report the expense at its full size, but to do that under cash-based budgeting, he would have had to actually contribute $3 billion in cash to a retiree health-care trust fund....

Businesses aren’t permitted to use cash-based budgeting. Instead, they must accrue expenses whether paid or not. During Brown’s current term in office, his budgets will ignore more than $12 billion in retiree health-care costs. …

Brown’s budget this year also ignores more than $3 billion in required contributions to the state teacher pension fund. It’s the largest “skipped” pension contribution in the country and continues a pattern that has led the fund to build up an $80 billion deficit accruing zero-coupon interest at 7.5 percent a year."


"Covered California will face a $78 million deficit in fiscal year 2015-2016 when the federal government stops providing funding for the exchange through the Affordable Care Act, according to budget estimates, U-T San Diego reports.

DETAILS OF DEFICIT
Beginning Jan. 1, 2015, the Affordable Care Act no longer will provide federal grants to fund state health exchanges. In addition, California law prohibits using the state's general fund to pay for the exchange."


" Multi-family construction starts have decelerated, and having actually decreased 8% from a year ago.

Despite multi-family’s down performance in 2016, demand for multi-family rentals has generally been higher during this residential construction recovery compared to new SFRs. " (This is an important measure because property taxes fund education in CA...with fewer homeowners, there are fewer taxes and less money into education. Renters vote for education bonds because they benefit but don't have to contribute...the planned tax revenue in Brown's budget is smoke and mirrors.)


"The number of Californians leaving the state and moving to Texas is at its highest level in nearly a decade, according to datafrom the Internal Revenue Service.

According to IRS migration data, which uses individual income tax returns to record year-to-year address changes, over 250,000 California residents moved out of the state between 2013 and 2014, the latest period for which data was available. The tax returns reported more than $21 billion in adjusted gross income to the IRS.

Of the returns, 33,626 reported address changes from California to Texas, which has been the top destination for individuals leaving California since 2007. Californians who moved to Texas between 2013 and 2014 reported $2.19 billion in adjusted gross income."
http://www.americanthinker.com/blog/2016/04/moneys_leaving_california_in_a_hurry.html#ixzz4SMVCvctz


"Roughly 9,000 California companies moved their headquarters or diverted projects to out-of-state locations in the last seven years, and Dallas-Fort Worth has been a prime beneficiary of the Golden State’s “hostile” business environment.....

It’s typical for companies leaving California to experience operating cost savings of 20 up to 35 percent, Vranich said. He said in an email to the Dallas Business Journal that he considers the results of the seven-year, 378-page study “astonishing.”
http://www.bizjournals.com/dallas/b...a-lost-9-000-business-hqs-and-expansions.html


"A poll by John McLaughlin confirms again we may have a significant problem with noncitizens participating illegally in our elections. Based on a sample survey of 800 Hispanics in 2013, McLaughlin found that of foreign-born respondents who were registered voters, 13 percent admitted they were not United States citizens.

In our 2012 book on voter fraud, John Fund and I noted numerous cases of noncitizen registration and voting all over the country. Only a month ago, the Board of Immigration Appeals of the Executive Office for Immigration Review at the Justice Department held that a Peruvian citizen who illegally registered and voted in the 2006 congressional election could be deported for violating federal law. The only reason she was caught is because she applied for naturalization in 2007 and admitted in the INS interview that she had voted in an American election.

In 2014, a study released by three professors at Old Dominion University and George Mason University, based on survey data from the Cooperative Congressional Election Study, estimated 6.4 percent of noncitizens voted illegally in the 2008 presidential election and 2.2 percent voted in the 2010 midterm congressional elections.

Since 80 percent of noncitizens vote Democratic, according to the study, noncitizen participation could have “been large enough to change meaningful election outcomes including Electoral College votes [in North Carolina in 2008], and Congressional elections” such as the 2008 race in Minnesota in which Al Franken was elected to the U.S. Senate, giving “Senate Democrats the pivotal 60th vote” to pass Obamacare."


"A California state bill was just signed in to law in October, 2015, by Gov. Jerry Brown, that registers and allows illegal aliens to vote in US Elections. The Motor Voter Act (A.B.1461) automatically registers residents of California to vote at the DMV. According to the law and a report by the Washington Times, “The New Motor Voter Act automatically registers to vote all eligible voters when they obtain or renew their drivers licenses at the Department of Motor Vehicles instead of requiring them to fill out a form.”

“The goal is to ease barriers to voting, but election-integrity advocates warn that the measure could inadvertently add millions of illegal voters to the rolls given that California allows undocumented aliens to obtain drivers licenses......Los Angeles and Orange Counties were the two counties where Hillary received the most votes. She beat Trump by a 3-1 margin in LA County, the number 1 county for the most illegal alien residents."


"Both Mauldin and Ring believe future CalPERS and CalSTRS pension fund rates of return on their investments are overly optimistic by half due to a stock market bubble and a failure to take economic recessions into account.....the problem of estimating the yearly payment to plug CalPERS’ pension funding gap:

“It’s worth noting that for CalPERS, we can’t even get data on how they break out their normal contributions and their unfunded contributions because doing so would require sifting through the financials of every one of their participating entities. But there is nothing uniquely troubling about CalSTRS. … Imagine what would happen if CalSTRS had to pay $25 billion per year … instead of what they actually paid in 2012, $5.8 billion?”

That is, a true accounting would be 4.3 times the current amount. He added, “Replicate these methods with nearly any pension fund in California, and you will almost always get similar results.”

Add them up: $25.3 billion for CalSTRS and $25 billion for CalPERS. Total = $50.2 billion."

That $50.2 billion needed to be fully funded would amount to 44 percent of the $113.3 billion for the state general fund Gov. Jerry Brown proposed in January for fiscal year 2015-16, which begins on July 1.



Let's just dispense with the ideas that illegals don't vote, illegals aren't a drain on the economy, the budget is in a factual surplus, CalPers isn't impacting the budget, leading economic indicators are positive. It's bullshit. CA is fucked.

 

We are NOT a democracy! The US is a federal republic. Democracies are mob rule

 

Those whack-Os are broke

 

There is one Texas republican electorate or whatever they are called that gave up his post because he couldn't in good faith vote for Trump.

 

. Either way we are fucked. Today is just another rung on the ladder to the destruction of this country. I really feel sorry for all those people who think Trump is their savior.