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:

January 31, 2012

Controller: State to run out of cash in March without action

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