California will soon be the world's 5th largest economy. (2 Viewers)

[The Big Donkey]

Hey, when your 5th/4th largest...why not $1.7 million on one public toilet.

San Francisco plans to spend 2 years, $1.7 million to build single-toilet public restroom

'The cost is insane. The process is insane,' says Assemblyman who secured state funding for the single-toilet project in San Francisco.

www.latimes.com

 

[Stealthycat]

SC, it trying to be an a-hole here, seriously am not. But do you understand the difference between a deficit and debt?

name calling - fantastic man ... that's just great, add's a lot to a thread

 

[Stealthycat]

Hey, when your 5th/4th largest...why not $1.7 million on one public toilet.

is that deficit or debt ??

 

[dkp993]

SC, it trying to be an a-hole here, seriously am not. But do you understand the difference between a deficit and debt?

name calling - fantastic man ... that's just great, add's a lot to a thread

I’m not name calling. I made that very clear. I’m asking an honest question as your posts above seem to be intertwining the two things (debt and deficit).

 

[whoknew]

I really don't understand why people hate California so much. Ok, you disagree with their politics. That's a reason to wish ill on 40 million people?

Besides, have you been to California? Its freakin' beautiful. And the weather is perfect.

 

[FairWarning]

I really don't understand why people hate California so much. Ok, you disagree with their politics. That's a reason to wish ill on 40 million people?

Besides, have you been to California? Its freakin' beautiful. And the weather is perfect.

I always wanted to live in Orange County. I’m sure it’s changed a lot since I’ve last visited. It would hard for someone to move to California from a lower cost of living area. The politics would drive me nuts also. I doubt you could afford to live along the ocean counties unless you made 100K+.

 

[dkp993]

I always wanted to live in Orange County. I’m sure it’s changed a lot since I’ve last visited. It would hard for someone to move to California from a lower cost of living area. The politics would drive me nuts also. I doubt you could afford to live along the ocean counties unless you made 100K+.

Not sure when you last visited but much of OC (particularly southern OC like San Clemente, Dana Point, etc) aren’t much different. Cost of living is nuts, but it’s always been that way. Living on the ocean in perfect weather and no bugs (at least the flying biting kind) is always going to be spendy, same as it ever was.

 

[FairWarning]

I always wanted to live in Orange County. I’m sure it’s changed a lot since I’ve last visited. It would hard for someone to move to California from a lower cost of living area. The politics would drive me nuts also. I doubt you could afford to live along the ocean counties unless you made 100K+.

Not sure when you last visited but much of OC (particularly southern OC like San Clemente, Dana Point, etc) aren’t much different. Cost of living is nuts, but it’s always been that way. Living on the ocean in perfect weather and no bugs (at least the flying biting kind) is always going to be spendy, same as it ever was.

It’s been 30 years. I was there in 1980 when the Irvine/Tustin area was really exploding. Went back in 92, was mainly around Burbank area, but drove to SD to see some Padres games.

 

[AAABatteries]

LOL, California has done nothing to become the fourth largest economy on the planet.

Europe, Germany in particular, is deindustrializing. So, in reality, Germany is slinking backwards into the cold and dark. Same country that hailed renewables as the way is bringing three coal fired power plants back to life and firewood is back in vogue. (Good job Greta )

Deindustrialization in Europe:
Fertilizer down 70%
Aluminum down 50%
Silicon down 27%
Steel down 17%
Paper & packaging down 15%
100% of Zinc Smelters shut or curtailed
Total chem industry set to decline 40%, due to natural gas shortages. (Please don't bother with replies telling me natural gas will be back for Europe in the future. It won't)

Will the energy crisis crush European industry?

While companies are digging in for a long winter, executives and politicians fear a wave of deindustrialisation

www.ft.com

Nothing huh?

 

[Stealthycat]

I’m not name calling. I made that very clear. I’m asking an honest question as your posts above seem to be intertwining the two things (debt and deficit).

yes they are different - how often do you see a State or a Govt with high debt and surplus deficit ?



so we are clear

Can State and Local Governments in the US Run Fiscal Deficits?

Discover why most state and local governments do not – or cannot – run fiscal deficits in the same manner as the U.S. federal government.

www.investopedia.com

Generally speaking, state balanced budget requirements come in three forms:

• The governor is required to propose a balanced budget
• The state legislature is required to pass a balanced budget
• No deficit can be carried over into the next fiscal year1

While the federal government can raise money by selling treasury securities, this option is not available to state and local governments. Debt requires approval of the legislature or even the voting public. Another major constraint is the democratic process itself. Officials who run up government debt can be voted out of office if they fail to uphold their own laws. State and local governments do not have the economic ability to run fiscal deficits to encourage aggregate demand like the federal government. With this macroeconomic handicap, many state and local economies ask for federal aid during times of hardship.


In the fiscal year of 2021, California's state debt stood at about 143.73 billion U.S. dollars. By the fiscal year of 2027, this is expected to increase to about 188.54 billion U.S. dollars.





Do we agree that CA has around 143 Billion in Debt ?

The 2021-22 Budget

lao.ca.gov

The annual Fiscal Outlook publication gives our office’s independent assessment of the California state budget condition for the upcoming fiscal year and over the longer term. We find the budget situation has improved considerably relative to the June budget act with an estimated $26 billion windfall in 2021-22. However, the state also faces an operating deficit beginning in 2021-22 and throughout the outlook period, growing to $17 billion by 2024-25. Our analysis also finds it is quite unlikely for revenues to grow fast enough for the budget to break even and erase the operating deficit.

 

[Stealthycat]

I really don't understand why people hate California so much. Ok, you disagree with their politics. That's a reason to wish ill on 40 million people?

Besides, have you been to California? Its freakin' beautiful. And the weather is perfect.

its the most gorgeous of states I've been too - and I've been to most of them save Alaska and Hawaii ......... because of the Sierra's more than anything else

 

[drunken slob]

LOL, California has done nothing to become the fourth largest economy on the planet.

Europe, Germany in particular, is deindustrializing. So, in reality, Germany is slinking backwards into the cold and dark. Same country that hailed renewables as the way is bringing three coal fired power plants back to life and firewood is back in vogue. (Good job Greta )

Deindustrialization in Europe:
Fertilizer down 70%
Aluminum down 50%
Silicon down 27%
Steel down 17%
Paper & packaging down 15%
100% of Zinc Smelters shut or curtailed
Total chem industry set to decline 40%, due to natural gas shortages. (Please don't bother with replies telling me natural gas will be back for Europe in the future. It won't)

Will the energy crisis crush European industry?

While companies are digging in for a long winter, executives and politicians fear a wave of deindustrialisation

www.ft.com

Nothing huh?

Nothing new.
So yes.

 

[AAABatteries]

LOL, California has done nothing to become the fourth largest economy on the planet.

Europe, Germany in particular, is deindustrializing. So, in reality, Germany is slinking backwards into the cold and dark. Same country that hailed renewables as the way is bringing three coal fired power plants back to life and firewood is back in vogue. (Good job Greta )

Deindustrialization in Europe:
Fertilizer down 70%
Aluminum down 50%
Silicon down 27%
Steel down 17%
Paper & packaging down 15%
100% of Zinc Smelters shut or curtailed
Total chem industry set to decline 40%, due to natural gas shortages. (Please don't bother with replies telling me natural gas will be back for Europe in the future. It won't)

Will the energy crisis crush European industry?

While companies are digging in for a long winter, executives and politicians fear a wave of deindustrialisation

www.ft.com

Nothing huh?

Nothing new.
So yes.

Feel free to edit your first post for those of us who had no clue what you were talking about.

 

[drunken slob]

LOL, California has done nothing to become the fourth largest economy on the planet.

Europe, Germany in particular, is deindustrializing. So, in reality, Germany is slinking backwards into the cold and dark. Same country that hailed renewables as the way is bringing three coal fired power plants back to life and firewood is back in vogue. (Good job Greta )

Deindustrialization in Europe:
Fertilizer down 70%
Aluminum down 50%
Silicon down 27%
Steel down 17%
Paper & packaging down 15%
100% of Zinc Smelters shut or curtailed
Total chem industry set to decline 40%, due to natural gas shortages. (Please don't bother with replies telling me natural gas will be back for Europe in the future. It won't)

Will the energy crisis crush European industry?

While companies are digging in for a long winter, executives and politicians fear a wave of deindustrialisation

www.ft.com

Nothing huh?

Nothing new.
So yes.

Feel free to edit your first post for those of us who had no clue what you were talking about.

Nah

 

[dickey moe]

I really don't understand why people hate California so much. Ok, you disagree with their politics. That's a reason to wish ill on 40 million people?

Besides, have you been to California? Its freakin' beautiful. And the weather is perfect.

I always wanted to live in Orange County. I’m sure it’s changed a lot since I’ve last visited. It would hard for someone to move to California from a lower cost of living area. The politics would drive me nuts also. I doubt you could afford to live along the ocean counties unless you made 100K+.

If you have to support a family you can barely afford rent there on that income. Forget about owning a home unless you have a household income of $250k or more.

 

[FairWarning]

I really don't understand why people hate California so much. Ok, you disagree with their politics. That's a reason to wish ill on 40 million people?

Besides, have you been to California? Its freakin' beautiful. And the weather is perfect.

I always wanted to live in Orange County. I’m sure it’s changed a lot since I’ve last visited. It would hard for someone to move to California from a lower cost of living area. The politics would drive me nuts also. I doubt you could afford to live along the ocean counties unless you made 100K+.

If you have to support a family you can barely afford rent there on that income. Forget about owning a home unless you have a household income of $250k or more.

Exactly, so much for the American Dream.

 

[NorvilleBarnes]

"LA is a mess. There's trash all over the roads. Cops don't respond to calls. It's close to anarchy here." Cenk Uygur LINK

 

[The Big Donkey]

"LA is a mess. There's trash all over the roads. Cops don't respond to calls. It's close to anarchy here." Cenk Uygur LINK

you know it's bad when a progressive political commentator is expressing this.

 

[Philo Beddoe]

I can’t find it but I predicted San Fran was a few years away from becoming the next Detroit. The board lefties laughed at me. All my old colleagues that still work there are telling me they can hire 1 body in San Fran / S Valley or 2 anywhere else in the country remotely. The Juul building sold for 400 million 4 years ago. Today it’s listed for 155 mil.