Crime California #1 Economy in US, & has 75 billion budget surplus

[58miles]

That's the issue... Why would you bail them out then?
They have already raised sufficient money and have a surplus during a period of economic down turn. Why throw more money at them ?

I believe all 50 states got bailouts, not just California and the size of the bailout varied with the size of state. The 4 largest states(California, Texas, New York, Florida) I believe received the largest bailouts.

 

[Proud American]

Well why doesn’t Cali use that chunk of change and make a payment on its debt. Knock some out of the way

https://worldpopulationreview.com/state-rankings/debt-by-state

 

[ShadowRun]

As much as I don't like the politics in Cali, taxes, homeless problem ect.. I still want to live in SD for a year or so.

 

[maximus__]

I believe all 50 states got bailouts, not just California and the size of the bailout varied with the size of state. The 4 largest states(California, Texas, New York, Florida) I believe received the largest bailouts.

That's just stupid. If they did so well why pay them the most money? Use the bail outs for states that legit need it and had issues as a result of covid.
I say that knowing that places like Texas and Florida used different policies and remained open, which i personally agree with.
This isn't about equal treatment it's about rebuilding after a pandemic.

That money isn't California's, it's tax payer money that should have gone to people and their businesses not for California to spend on it's next big project.
The one thing my country did right was pay people during covid. No state bailouts, it was all for people. If you saved every bit of covid payment during the states lockdown it was $25,000. You still get payments for missing a day of work for covid testing and to quarantine until you get you results, which are in within 24-48 hours. The homeless were also housed in hotels, which had it's issues RE:crime...

It's much better than giving billions to a state to spend on crap whilst people lose their livelihoods as they continue to lock them down. I wouldn't be bragging about a surplus when all people got was a federal check for a couple thousand dollars and you had a budget surplus.

 

[M3t4tr0n]

You're welcome for you socialistic welfare Redstates

 

[sverre054]

This year Ive been to NYC, Baltimore, Seattle and I’ll be in LA in August. I go back to San Diego twice a year to see family. Big cities with large homeless populations tend to have these problems.

The rest of California is fine. People like @bobgeese like to make CA into just LA or SF.

People seem to not realize the homeless end up in these big cities because that's where the social services, jails, hospitals, charities, etc are located. The big west coast cities, in particular, have large homeless populations because they move in from elsewhere, due to more services and a relatively mild climate from LA to Seattle. They get stuck there. They can't make their way back to bumfuck city, or whatever place they came from, and why would they? Their small community will ship them off to the big city hospital or jail and the cycle continues.

 

[PUO3]

And yet it has the highest homeless population and poverty rate.

 

[Ophydian]

And yet it has the highest homeless population and poverty rate.

Sorry but highest poverty rate is coveted by Red states. Mississippi is the leader in poverty rate at 19.6%. Followed by Louisiana, New Mexico, Kentucky and Arkansas. The 4 of the 5 best states are blue (shocking).

California is stuck in the middle beating out Florida and Texas.

https://worldpopulationreview.com/state-rankings/poverty-rate-by-state

 

[Ophydian]

As much as I don't like the politics in Cali, taxes, homeless problem ect.. I still want to live in SD for a year or so.

SD is nice. You’d like it. If anything, it’s politics are right leaning.

 

[ShadowRun]

SD is nice. You’d like it. If anything, it’s politics are right leaning.

I always liked visiting LA and SD. I lived in AZ most of my life so it was real close. Also like Vegas and would like to live there one day as well.

 

[ElKarlo]

It's not because of socialism, but despite it. But by all means, feel free to explain the socialist mechanism by which California produces such wealth?

I agree

imagine if California had implemented anything that would have helped the economy over the past 20 years? The economy would be far better. Instead the politicians are using momentum. Silicon Valley basically keeps happening and has only seen some exodus recently. And that is due to Cali pushing things too hard. You are going to see it start biting. California as has been said has a lot going for but once all these negatives add up, it’s going to come apart at the seams

my family left LA in the late 80s because my mom caught my dad packing a handgun to go to work. My moms family sell red the LA area too. She noped out pretty hard

 

[My Spot]

Sorry but highest poverty rate is coveted by Red states. Mississippi is the leader in poverty rate at 19.6%. Followed by Louisiana, New Mexico, Kentucky and Arkansas. The 4 of the 5 best states are blue (shocking).

California is stuck in the middle beating out Florida and Texas.

https://worldpopulationreview.com/state-rankings/poverty-rate-by-state

Uh...

https://www.politifact.com/factchec...alifornia-has-nations-highest-poverty-rate-w/

 

[nostradumbass]

Because homeless people don't travel across the country to live in SLC.

They go where there's a ton of money and great weather all year.

#2 is New York. Is that place covered in bums because of the great weather too?

 

[Revolver]

Goat State doing Goat things. Flyover shithole state posters are seething right now. Lmao

 

[Jack V Savage]

You can see the budget numbers for yourself:
https://lao.ca.gov/Publications/Report/4263

They estimated that there would be a deficit of ~$60 billion because of estimated lack of revenue due to loss of COVID-19 jobs. Little did they know that most people who earned most of the money could easily work from home, and also the fed had a money printer to shoot at the stock market in times of trouble. Therefore they actually had a surplus, but mainly due to overestimating the loss of revenue from COVID-19, as well as overestimating the costs.

Also LAO has the estimated surplus at actually $38 billion, and is actually more accurate because the governor's number includes moneys that are constitutionally required spending.

Yeah, your link is to projections. I said, and this is 100% accurate (and seem to understand it, though you're hacking it up), that the surplus is a result of higher-than-expected revenue, as the state economy is booming. I also pointed out that the boom has been going since 2015.

 

[OaklandIsMyCity]

Have you been to L.A. or San Francisco? Its nothing like what you see in other large cities. L.A. looks like a third world nowadays.

That is not the whole city. Every major city has an area where the homeless go to make camp.

 

[Jack V Savage]

Sorry but highest poverty rate is coveted by Red states. Mississippi is the leader in poverty rate at 19.6%. Followed by Louisiana, New Mexico, Kentucky and Arkansas. The 4 of the 5 best states are blue (shocking).

California is stuck in the middle beating out Florida and Texas.

https://worldpopulationreview.com/state-rankings/poverty-rate-by-state

We've done this before. Actual poverty in the state isn't high, but because of the ridiculous housing costs, you can make adjustments and get it up. It is important to keep in mind (the housing shortage is the No. 1 problem in the state and should be policymakers' top priority), but it's a different problem with different solutions than actual poverty.

 

[ElKarlo]

Quick...now factor in the pension shortfall...

"The California Pension system is way under water and in dire need of reform. The state’s unfunded pension and retirement liabilities approach $1 trillion, or roughly $80,000 for each taxpayer in the state. Given its aging workforce and increasing longevity, actuaries project this shortfall to increase in the next few years.

Left unchecked, the state’s budget obligations will soon force it to reduce services and raise taxes, as well as take extraordinary steps to stave off fiscal collapse.

However, there is no significant budgetary reform in the offing, and California’s cities and counties feel no compunction to address the issue. In fact, these days several municipalities are taking steps that will ultimately serve to exacerbate the shortfall by bringing in all of their emergency services “in house,” rather than contracting out emergency services to a private entity. "

https://www.forbes.com/sites/ikebra...-emergency-services-in-house/?sh=4ab7d7a63629

That’s pretty outrageous right there. Pretty interesting and hard to believe actually

 

[Chesten_Hesten]

With a $75 billion Surplus they can almost pay for that overbudget Rail System.

 

[Topguntrophey]

Don't like it, don't move there. Like it, move there.