Maybe If They Were Less Worried About Gay Marriage
Aug 13, 2010 Political
Looks like California is going further down the tubes. While an activist judge with a homosexual bias (he is gay) disregarded the wishes of over 7 million people and while people are sashaying around celebrating the shredding of Constitutional Law (at either the state or federal level) the state of California is falling off the planet.
California is home to lots of very rich people and the state taxes everything imaginable. Unfortunately, it has a plethora of union workers (particularly public sector workers) who suckle the teat of government and have bankrupted the system. California has too many unions, too many public sector employees, too many illegal aliens and too many welfare programs. It cannot afford all of this.
The state intends to issue IOUs to those who are owed money:
State Controller John Chiang said Tuesday that without a state budget, California’s government would be unable to pay its bills in late August (or maybe early September). That means issuing IOUs to some people. Possible dates for IOUs could be either Aug. 27 or Aug. 31, when big payments to schools are due, according to this schedule on the controller’s website. NBC Los Angeles
The IOUs are a result of not having a budget but the reason there is no budget is because they cannot balance one. They owe more than they take in and they have not figured out how to cut what needs to be cut in order to get out of debt.
While the Governor and the courts are occupying their time worrying about gay marriage, the state is drowning and there is no hope in sight.
But like the passengers of the Titanic, they will have a gay ole time while the ship sinks…
Cave Canem!
Never surrender, never submit.
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Tags: activist judge, budget, california, gay marriage, gay times, iou
A Lesson On Taxes
Mar 18, 2010 Political
The state of New York has notified a number of taxpayers that refunds they were expecting will be delayed for at least a month. The state is in a cash crunch and does not have the money to give back to its rightful owners.
New York is not the only state delaying refunds by issuing an IOU.
When a person receives a refund of taxes from the government it is not government money. It is money that people overpaid, it belongs to them and the states have no right to hold up that money.
Part of the problem lies with people who think a tax refund is free money from the government. Too many people do not grasp the concept that this is their money and that they paid too much. They do not understand that this money represents a free loan to the government.
The best thing people can do is to work out their deductions so that they do not owe or get a refund. This is nearly impossible and I am satisfied if I am plus or minus $200. I do not want them using my money for free especially when I can be investing it and getting interest.
If more people did this they would be able to actually save.
People should also keep in mind that this is a one way street. If taxpayers owe the government money the government expects it to be paid when it is due and if it is not then interest and penalties will accrue (unless you are a member of Obama’s administration). The government does not really care how poor your financial situation is, you are expected to pay what you owe and to pay it on time.
Funny, government works to help people who can’t pay their mortgages, can’t pay their car payments, can’t pay their other bills (tough economic times you know) and even allows itself to delay payments of your money back to you.
God forbid you should have trouble paying the taxes you owe.
They will send a hit squad for you even if you only owe 4 cents (an amount you are not obligated to pay).
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California’s Problems Foreshadow Life Under Obamacare
Jul 6, 2009 Political
Kevin Hassett at Bloomberg has an interesting article up describing the financial mess in California and how the state’s issuance of IOUs will kill “Obamanomics.” The article says that California politicians offered too many easy government solutions to the masses in order to get elected and now they cannot pay for those easy solutions.
The state is sending out IOUs to those owed money (with the exception of certain protected groups). Imagine what would happen if you sent the state an IOU for your taxes…
Hassett says the debacle in California will certainly sink Obama’s health care ambitions:
The California morass has Democrats in Washington trembling. The reason is simple. If Obama’s health-care plan passes, then we may well end up paying for it with federal slips of paper worth less than California’s. Obama has bet everything on passing health care this year. The publicity surrounding the California debt fiasco almost assures his resounding defeat.
As the article points out, California got into this mess over time by spending too much. The amount California spent is a drop in the bucket compared to what Obama is spending.
Health care, Social Security, Medicare, tax refunds (if anyone ever gets one with increased taxes), and all kinds of other things will come with IOUs. Don’t worry granny, we’ll get you your check as soon as we can. Hope you stocked up on cat food.
The nearly one trillion dollars spent on the stimulus is money we had to borrow and we got no stimulation from the expense. Some will argue it means we need to spend more. That is the kind of moronic thinking that gave us the Great Depression.
Obama care will cost more than the stimulus and we don’t have money to pay for it.
Instead of IOUs for money (which many will undoubtedly get) we could be seeing IOUs for CAT scans, cancer treatment, flu shots or any number of things. We might have to start waiting 6 months for an MRI like the do in Canada (unless you are an animal, then you get it immediately).
California is a small version of the US and what is happening there will certainly happen at the federal level. Wouldn’t it be nice if it were that state that put an end to Obama care?
We have no money now and are still digging the hole. By the time Obama is done we will be through to the other side of the world.
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Tags: california, health care, iou, Obama