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Bloviating Zeppelin: Fornicalia: Broke By March

Bloviating Zeppelin

(in-ep-toc'-ra-cy) - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

Wednesday, February 01, 2012

Fornicalia: Broke By March


And this is news?

Jerry Brown has been lying to the electorate ever since his installation as current governor in 2011. And so has the Demorat-controlled legislature. It is unbridled and profligate spending, by Demorats, that has put Fornicalia in its current untenable and dangerous position, lowered its credit rating and guaranteed this March outcome.

There can be no doubt that this was done purposely by Demorat politicians.

It amazes me that people appear to be actually shocked at this outcome. What part of "you spend more than your revenues" do people not comprehend? Particularly in light of the fact that, unlike the federal government, Fornicalia cannot print its own money.

Out of every Fornicalia politician, State Controller John Chiang -- yes, a Demorat himself -- has had more balls than every other state politician combined. Yes, the John Chiang who, when Fornicalia didn't reach a budget last year, had the temerity to withhold checks to politicians. And they sued! Because they were pissed! Because there were actual consequences to being stupid! How dare there be consequences! We're Fornicalia politicians! We are inviolate! Untouchable! How dare you disturb our feeding!

Imagine that.

Fornicalia politicians continue to live in an alternate reality, one not encountered on this planet or in this dimension. In their reality, increased taxes create more jobs, increased regulations create a more perfect peace, and embracing illegal immigrants and paying for their schooling and medical care creates a symbiosis and greater vote base. [That much, however, in re the votes, is correct.]

More and more Fornicalians -- or, as I should more precisely say, denizens -- simply want more and more Free Cheese.

From my local newspaper, The Sacramento Bee:

California will run out of cash by early March if the state does not take swift action to find $3.3 billion through payment delays and borrowing, according to a letter state Controller John Chiang sent to state lawmakers today.

The announcement is surprising since lawmakers previously believed the state had enough cash to last through the fiscal year that ends in June.

But Chiang said additional cash management solutions are needed because state tax revenues are $2.6 billion less than what Gov. Jerry Brown and state lawmakers assumed in their optimistic budget last year. Meanwhile, Chiang said, the state is spending $2.6 billion more than state leaders planned on.

The Assembly budget committee approved a bill today that would enable $865 million of borrowing from existing state accounts, Senate Bill 95. Chiang, after consultation with the Department of Finance and state Treasurer Bill Lockyer, is also seeking about $2.4 billion in delayed payments to universities, counties and Medi-Cal, as well as additional borrowing from outside investors.

Absent these actions, the state would fall below its prudent $2.5 billion cash cushion on Feb. 29, Chiang estimated. On March 8, the state would actually end up $730 million in the red. The state would be below the safe cash cushion for several weeks ending April 13, save for several days at the end of March.

Fornicalia politicians come and suck at the public trough, sue when their paychecks are withheld for not doing their jobs, and then act stunned when confronted with common sense and reality.

Again, did I mention: the state is controlled by Demorats. And business continues to flee Fornicalia -- businesses huge and small -- in droves, as documented in great detail here.

Imagine that.

Fornicalia Demorats are shocked! Shocked, I tell you!

BZ

13 Comments:

Blogger Old NFO said...

True, and what happens then??? More IOUs???

Tue Jan 31, 05:20:00 PM PST  
Blogger Bloviating Zeppelin said...

NFO: this time, they SWEAR, there won't be IOUs and taxpayers won't get delayed refunds following April 15th. They SWEAR it!

And, as everyone knows, you can ALWAYS believe Fornicalia politicians.

BZ

Tue Jan 31, 08:51:00 PM PST  
Blogger mrchuck said...

I am concerned because my wife, a retired county employee, has her PERS retirement account there, and it builds a nice yearly interest payment.
She could start drawing on it anytime, but it is hard to not get that annual interest which you also know builds.
BZ,your retirement is probably in the same PERS.
My question is: Is it still safe,, being in the hands of PERS,,,and can Gov Brown get his filthy hands on this money?

Wed Feb 01, 08:16:00 AM PST  
Blogger Bloviating Zeppelin said...

Actually, Mr C, my department ISN'T in PERS. But PERS is, generally, a lot stronger than a lot of other systems in the state simply due to its large size. So far, a lot of what's being proposed isn't retroactive -- that I'm aware of -- and I read the CPOA magazine for updates on the matter.

If your wife is already retired under PERS, she should, generally, be okay. Any new legislation or any new propositions coming in November -- and they ARE coming -- will target new employees mostly and some current employees like myself.

Instead of 2014, I may find myself forced to retire before some of those props are enforced, if they pass.

BZ

Wed Feb 01, 08:48:00 AM PST  
Blogger TexasFred said...

CHEESE dammit... CHEESE...

Why has it always gotta be CHEESE?

Now I want some nachos.. LOL

Wed Feb 01, 12:16:00 PM PST  
Blogger Bloviating Zeppelin said...

There's a history to that phrase, "Free Cheese," Fred, that was true for Fornicalia but may not have been true for Tejas.

And that's this: when you were poor, a few years ago, you DID get "free cheese" from the government in these very large containers. You also got peanuts. You were considered "poor" if you got the free cheese, so -- back then -- you kept your mouth shut because you were actually embarrassed to receive a handout, if you took it.

Now -- EVERYbody wants their Free Cheese, and they're proud of their demand.

BZ

Wed Feb 01, 02:59:00 PM PST  
Blogger Old NFO said...

Um... yeah, right...

Wed Feb 01, 03:00:00 PM PST  
Blogger Bloviating Zeppelin said...

NFO, c'mon, they're Fornicalia politicians -- they emote. After all, they MEAN well, so that's what's importante, correct-a-mundo?

BZ

Wed Feb 01, 03:27:00 PM PST  
Blogger dmurray said...

Eject! Eject! Eject! And I don't mean the website.

Thanks, Homes!

Wed Feb 01, 04:32:00 PM PST  
Blogger Bloviating Zeppelin said...

DM: so, my friend, are you stayin' or becoming a Jammin' Salmon??

BZ

Wed Feb 01, 04:36:00 PM PST  
Blogger Bloviating Zeppelin said...

P.S.

Just found out yesterday: my wife IS losing her job.

NO retirement, here I COME.

BZ

Wed Feb 01, 04:37:00 PM PST  
Blogger dmurray said...

I am where I was during the EVOC gig, not many changes except those due to Weight Watchers for which I am thankful.

The economy ate my equity so jammin' is not on the horizon for me. I'll have to lay in a big supply of popcorn for any festivity.

You're in my prayers!

DM

Wed Feb 01, 06:31:00 PM PST  
Blogger Always On Watch said...

BZ,
Sorry to read about your wife's losing her job.

Right now, mine is in jeopardy too. Dark days ahead!

Fri Feb 03, 09:10:00 AM PST  

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