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	<title>Comments on: California Budget Recalled:  The $24.3 Billion Budget Deficit.  Missed Economic Projections and Financially Betting on a Recovery that Never Showed Up.  20 Years of Bubbles.  From Tech to Real Estate.</title>
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	<link>http://www.doctorhousingbubble.com/california-budget-recalled-the-243-billion-budget-deficit-missed-economic-projections-and-financially-betting-on-a-recovery-that-never-showed-up-20-years-of-bubbles-from-tech-to-real-estate/</link>
	<description>How I Learned to Love Southern California and Forget the Housing Bubble</description>
	<lastBuildDate>Thu, 09 Feb 2012 06:16:36 +0000</lastBuildDate>
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		<title>By: rjr</title>
		<link>http://www.doctorhousingbubble.com/california-budget-recalled-the-243-billion-budget-deficit-missed-economic-projections-and-financially-betting-on-a-recovery-that-never-showed-up-20-years-of-bubbles-from-tech-to-real-estate/#comment-37432</link>
		<dc:creator>rjr</dc:creator>
		<pubDate>Thu, 02 Jul 2009 03:01:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.doctorhousingbubble.com/?p=1887#comment-37432</guid>
		<description>Addressing the illegal immigrant problem. It costs much more than 5 Billion a year. The problem is our government doesn&#039;t use accurate accounting practices when reporting this figure. They use &quot;checks issued&quot;, which is minimal to the actual cost. There are many more valid estimates that range from 10.5 billion a year to 15 billion a year, and still many of these estimates admit that they don&#039;t consider other issues, such as the increased costs of our school systems (multi-billions) to educate the children of illegals, the free breakfasts and lunches given by schools to the poverty-level (which the highest numbers lie with the illegals, and lesser with their following generations), the increased costs incurred by individual taxpayers for auto insurance, due to carrying the load for all the non-insured illegals, the increased costs of medical premiums incurred on covered individuals, as a result of carrying the uninsured illegals, the bankrupt hospitals (for being required to provide emergency treatment to anyone), and the soon to come costs to the state, which will be further resolved by increased taxes, for saving our hospitals. There is a domino effect in all aspects, and the costs go much further than the ones briefly mentioned here. But, you get the idea. 

Also, there are issues of valid inequalities in Social Services that add to the fuel of anti-illegal sentiment. Picture the cartoon of the Mexican couple, wife nine months pregnant, hurrying over the border, while the woman fights off labor pains, to get to a CA hospital, so that she can give birth in a state of the art facility, without having to pay a cent, while the hospital is stuck absorbing the bill, which inevitably comes out of the taxpayers pocket. Among the obvious incentive, there is a greater one. Because &quot;anchor&quot; babies, as they are termed, are given eighteen years of Welfare, while legal citizens are not. Legal poverty-level citizens are given minimal Welfare in comparison. CA&#039;s response to the growing problem was to (ten years ago) supply the growing number of anchor babies with free medical (actually paid by the taxpayers, who resent the fact they are just providing more incentives for the illegals to come, and they do come to CA, at an estimated rate of 4000 per day).
Added to this is a cultural view that differs substantially from Americans in terms of poverty. Many illegals are quite happy living at what Americans term &quot;poverty&quot; levels, as these levels, in the US, are much higher than what is offered them in their countries. They consider their living conditions here (free advanced medical, food, Welfare, advanced education, subsidized housing, etc.) great. And they are right. Even those who live in what some Americans consider lowly apartments, in bad areas, are living much better than they did in their own countries. Many are quite happy to earn pay under the table, without paying taxes, and collect on all of our freebies. Only they aren&#039;t really free. The taxpayers support them. And a main concern is that many of the second generation anchor babies continue their parents practice of taking all they can from CA freely. The fact that one-half of CA&#039;s kids drop out of school, and the majority of them are the illegal South Americans, fuels the argument that they&#039;ve no need to adapt to the American culture of rising above via education, and becoming productive. Many fear that the American culture of succeeding is dissipating, and being replaced with a third world country culture, who is furthering our decline, by draining our pockets, and soon nothing will be left, but the new culture, that won&#039;t be able to pay for any services (third world poverty).

Also, less than one half of Californians pay State taxes, and this figure continues to decline (a huge red flag). The fact that one half of our population cannot afford to pay taxes, either due to poverty, working under the table, or other reasons, is alarming, and is a huge indicator that we have an unbalanced Welfare state. Viewed from a national perspective, the fact is that only 12% of us Californians are paying for 32% of all Welfare in the country. This is clearly unaffordable, and if continued, will financially ruin the State and remaining taxpayers. As a result of the deteriorating situation, continued increase in taxes, without actions to correct the problems, and only actions to promote further Welfare, there has been a dramatic increase of Taxpaying Californians, and businesses leaving the state, which only further worsens the situation, and speeds the decline.

Lastly, the societal effects of poverty are one of the main causes of the fleeing of California taxpayers. There are many factors, crime, gangs, etc. But, in a quantitative form, the number of taxpayers enrolling their children in Private and Charter schools is &quot;off the charts&quot; compared to all of California&#039;s history. This added, back-breaking expense on the taxpayers, sufficiently adds to their decisions to leave.</description>
		<content:encoded><![CDATA[<p>Addressing the illegal immigrant problem. It costs much more than 5 Billion a year. The problem is our government doesn&#8217;t use accurate accounting practices when reporting this figure. They use &#8220;checks issued&#8221;, which is minimal to the actual cost. There are many more valid estimates that range from 10.5 billion a year to 15 billion a year, and still many of these estimates admit that they don&#8217;t consider other issues, such as the increased costs of our school systems (multi-billions) to educate the children of illegals, the free breakfasts and lunches given by schools to the poverty-level (which the highest numbers lie with the illegals, and lesser with their following generations), the increased costs incurred by individual taxpayers for auto insurance, due to carrying the load for all the non-insured illegals, the increased costs of medical premiums incurred on covered individuals, as a result of carrying the uninsured illegals, the bankrupt hospitals (for being required to provide emergency treatment to anyone), and the soon to come costs to the state, which will be further resolved by increased taxes, for saving our hospitals. There is a domino effect in all aspects, and the costs go much further than the ones briefly mentioned here. But, you get the idea. </p>
<p>Also, there are issues of valid inequalities in Social Services that add to the fuel of anti-illegal sentiment. Picture the cartoon of the Mexican couple, wife nine months pregnant, hurrying over the border, while the woman fights off labor pains, to get to a CA hospital, so that she can give birth in a state of the art facility, without having to pay a cent, while the hospital is stuck absorbing the bill, which inevitably comes out of the taxpayers pocket. Among the obvious incentive, there is a greater one. Because &#8220;anchor&#8221; babies, as they are termed, are given eighteen years of Welfare, while legal citizens are not. Legal poverty-level citizens are given minimal Welfare in comparison. CA&#8217;s response to the growing problem was to (ten years ago) supply the growing number of anchor babies with free medical (actually paid by the taxpayers, who resent the fact they are just providing more incentives for the illegals to come, and they do come to CA, at an estimated rate of 4000 per day).<br />
Added to this is a cultural view that differs substantially from Americans in terms of poverty. Many illegals are quite happy living at what Americans term &#8220;poverty&#8221; levels, as these levels, in the US, are much higher than what is offered them in their countries. They consider their living conditions here (free advanced medical, food, Welfare, advanced education, subsidized housing, etc.) great. And they are right. Even those who live in what some Americans consider lowly apartments, in bad areas, are living much better than they did in their own countries. Many are quite happy to earn pay under the table, without paying taxes, and collect on all of our freebies. Only they aren&#8217;t really free. The taxpayers support them. And a main concern is that many of the second generation anchor babies continue their parents practice of taking all they can from CA freely. The fact that one-half of CA&#8217;s kids drop out of school, and the majority of them are the illegal South Americans, fuels the argument that they&#8217;ve no need to adapt to the American culture of rising above via education, and becoming productive. Many fear that the American culture of succeeding is dissipating, and being replaced with a third world country culture, who is furthering our decline, by draining our pockets, and soon nothing will be left, but the new culture, that won&#8217;t be able to pay for any services (third world poverty).</p>
<p>Also, less than one half of Californians pay State taxes, and this figure continues to decline (a huge red flag). The fact that one half of our population cannot afford to pay taxes, either due to poverty, working under the table, or other reasons, is alarming, and is a huge indicator that we have an unbalanced Welfare state. Viewed from a national perspective, the fact is that only 12% of us Californians are paying for 32% of all Welfare in the country. This is clearly unaffordable, and if continued, will financially ruin the State and remaining taxpayers. As a result of the deteriorating situation, continued increase in taxes, without actions to correct the problems, and only actions to promote further Welfare, there has been a dramatic increase of Taxpaying Californians, and businesses leaving the state, which only further worsens the situation, and speeds the decline.</p>
<p>Lastly, the societal effects of poverty are one of the main causes of the fleeing of California taxpayers. There are many factors, crime, gangs, etc. But, in a quantitative form, the number of taxpayers enrolling their children in Private and Charter schools is &#8220;off the charts&#8221; compared to all of California&#8217;s history. This added, back-breaking expense on the taxpayers, sufficiently adds to their decisions to leave.</p>
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		<title>By: pbinoc</title>
		<link>http://www.doctorhousingbubble.com/california-budget-recalled-the-243-billion-budget-deficit-missed-economic-projections-and-financially-betting-on-a-recovery-that-never-showed-up-20-years-of-bubbles-from-tech-to-real-estate/#comment-37006</link>
		<dc:creator>pbinoc</dc:creator>
		<pubDate>Thu, 11 Jun 2009 19:02:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.doctorhousingbubble.com/?p=1887#comment-37006</guid>
		<description>Also, we are NOT one of the highest taxed residents!  Where does this crap come from?  

Source: http://www.taxfoundation.org/taxdata/show/228.html</description>
		<content:encoded><![CDATA[<p>Also, we are NOT one of the highest taxed residents!  Where does this crap come from?  </p>
<p>Source: <a href="http://www.taxfoundation.org/taxdata/show/228.html" rel="nofollow">http://www.taxfoundation.org/taxdata/show/228.html</a></p>
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		<title>By: pbinoc</title>
		<link>http://www.doctorhousingbubble.com/california-budget-recalled-the-243-billion-budget-deficit-missed-economic-projections-and-financially-betting-on-a-recovery-that-never-showed-up-20-years-of-bubbles-from-tech-to-real-estate/#comment-37005</link>
		<dc:creator>pbinoc</dc:creator>
		<pubDate>Thu, 11 Jun 2009 18:59:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.doctorhousingbubble.com/?p=1887#comment-37005</guid>
		<description>Look, it&#039;s the 2/3s required for any kind of revenue to the state.  This is the most ridiculous setup ever.  No other state requires a 2/3s vote for this.  That&#039;s the basic source of the problem.  It&#039;s not the Democrats who &quot;somehow&quot; neglected to also raise the revenue, it&#039;s the minority Republicans who have blindly blocked any sort of attempt at increasing revenue.  

We&#039;re also the only state that doesn&#039;t tax, for example, the oil companies that extract oil from our state.  Is this crazy or what?

For a better understanding of some of the politics and factors underlying this, may I suggest perusing through calitics.com?  No affliations, I just read both these blogs.</description>
		<content:encoded><![CDATA[<p>Look, it&#8217;s the 2/3s required for any kind of revenue to the state.  This is the most ridiculous setup ever.  No other state requires a 2/3s vote for this.  That&#8217;s the basic source of the problem.  It&#8217;s not the Democrats who &#8220;somehow&#8221; neglected to also raise the revenue, it&#8217;s the minority Republicans who have blindly blocked any sort of attempt at increasing revenue.  </p>
<p>We&#8217;re also the only state that doesn&#8217;t tax, for example, the oil companies that extract oil from our state.  Is this crazy or what?</p>
<p>For a better understanding of some of the politics and factors underlying this, may I suggest perusing through calitics.com?  No affliations, I just read both these blogs.</p>
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		<title>By: Vin H</title>
		<link>http://www.doctorhousingbubble.com/california-budget-recalled-the-243-billion-budget-deficit-missed-economic-projections-and-financially-betting-on-a-recovery-that-never-showed-up-20-years-of-bubbles-from-tech-to-real-estate/#comment-36979</link>
		<dc:creator>Vin H</dc:creator>
		<pubDate>Wed, 10 Jun 2009 18:00:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.doctorhousingbubble.com/?p=1887#comment-36979</guid>
		<description>Price_out, you are right my bad on Montana. I got the wrong information but the two states that are higher state tax than California are Vermont (9.5) and Rhode Island (9.9) but only for those who make 357,000 and up.  Don&#039;t forget California had a Millionaire tax as well (those who make more than 1M will pay an extra 1%).</description>
		<content:encoded><![CDATA[<p>Price_out, you are right my bad on Montana. I got the wrong information but the two states that are higher state tax than California are Vermont (9.5) and Rhode Island (9.9) but only for those who make 357,000 and up.  Don&#8217;t forget California had a Millionaire tax as well (those who make more than 1M will pay an extra 1%).</p>
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		<title>By: Sabin Figaro</title>
		<link>http://www.doctorhousingbubble.com/california-budget-recalled-the-243-billion-budget-deficit-missed-economic-projections-and-financially-betting-on-a-recovery-that-never-showed-up-20-years-of-bubbles-from-tech-to-real-estate/#comment-36963</link>
		<dc:creator>Sabin Figaro</dc:creator>
		<pubDate>Wed, 10 Jun 2009 03:44:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.doctorhousingbubble.com/?p=1887#comment-36963</guid>
		<description>Bankers do it again-speculating on oil futures (GS declares $85 target).  Oil up to $70 / bbl despite low demand.  Haven&#039;t the bankers stolen enough?  How can they be stopped?  Triage, hedge funds, CDS, plant your man at the Treasury.  We just can&#039;t carry all the non-producers on our backs.  We are at the breaking point, or probably past it.  I hate to think we were on the wrong side in WWII but the way these bankers act, it may be true.</description>
		<content:encoded><![CDATA[<p>Bankers do it again-speculating on oil futures (GS declares $85 target).  Oil up to $70 / bbl despite low demand.  Haven&#8217;t the bankers stolen enough?  How can they be stopped?  Triage, hedge funds, CDS, plant your man at the Treasury.  We just can&#8217;t carry all the non-producers on our backs.  We are at the breaking point, or probably past it.  I hate to think we were on the wrong side in WWII but the way these bankers act, it may be true.</p>
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