Karl Denninger: "OH **** - CALIFORNIA - IF YOU LIVE THERE, GET THE **** OUT!"

[RonPaulR3VOLUTION]

http://www.msnbc.msn.com/id/28448852

http://www.tickerforum.org/cgi-ticker/akcs-www?post=76906

Quote:

If you expect you'll be getting a refund from California when you file your 2008 state income tax return, be prepared: you may instead receive a "registered warrant." Translation: an IOU.

California is rapidly running out of money. Blame it on the state budget deficit that continues to bleed billions of dollars from California's reserves. Facing inadequate credit to make up the difference, California's Controller John Chiang warns that by the end of February, the nation's most populous state may not be able to pay some of its debts, and instead be reduced to issuing those creditors IOUs.

"My office has projected that, in approximately 60 days, there will be insufficient cash available to meet all expenditures reflected in the 2008-09 Budget Act," stated a Tuesday letter from Controller Chiang to the directors of all state agencies. "To ensure that the State can meet its obligations to schools, debt service, and others entitled to payment under the State Constitution, federal law, or court order. California may begin, as early as February 1, 2009, issuing registered warrants...commonly referred to as IOUs...to individuals and entities in lieu of regular payments."

You're flatly out of your ***ing mind if you stay in that state.

http://www.msnbc.msn.com/id/28448852

http://www.tickerforum.org/cgi-ticker/akcs-www?post=76906

 

[HOLLYWOOD]

The Severe Socialism of California is turning Completely into "Chromed Communism"!

They'll spend a portion of the money, to ensure they have the courts and judges in their back pockets when they screw the people!

 

[The_Orlonater]

Hah, most of my family is there. They won't leave though, they're die hard lefties.

They don't know that I'm a libertarian.

 

[phill4paul]

That is the best news I have heard all day.

If more states begin to go belly up then maybe people will start questioning the governments right to automatically steal from them. Maybe people will begin to demand that states run on balanced yearly budgets not projections of revenue. Maybe they will demand that monies gathered for specific reasons ,i.e. unemployment, highway tax etc. are not dumped in a general fund.

Then again, maybe the moon is made of cheese.

 

[fedup100]

I guess the Governator has never considered that his free feeding, educating and medical care for 1/4 of the population of Mexico has anything to do with Kalifornia's problems.

I could save the State and balance the budget in less than 24 hours. This is true for Texas and Arizona. The rest of the States will be melting soon because the invasion is spreading rapidly.

 

[LibertyEagle]

I guess the Governator has never considered that his free feeding, educating and medical care for 1/4 of the population of Mexico has anything to do with Kalifornia's problems.

I could save the State and balance the budget in less than 24 hours. This is true for Texas and Arizona. The rest of the States will be melting soon because the invasion is spreading rapidly.

I thought I read that many were going home, because there were no jobs for them here.

 

[HOLLYWOOD]

I thought I read that many were going home, because there were no jobs for them here.

California is not just Illegal Mexicans... it's ALL CENTRAL AMERICA countries, SOUTH AMERICAN countries, with major increases of the following

Indonesia, Vietnamese, Cambodians, Chinese, Thai, Eastern Indians, and the Russian states!


You figure Customs would have a clue, when they see a one way plane ticket to the US.

I hear on the statistics that like 70% of all new Illegal aliens are people that just visit on vacation and never go home.

EASY, no more; Run, Jump, or Swimming to America... just buy a one way flight, catch a dinner and movie to the... Gateway to Servitude.

 

[slacker921]

mmm.. you want riots and political unrest? Wait til the governator tells the poor in CA that they won't be getting all of their entitlements. The folks in Iceland and Greece were civil compared to how the folks in South Central roll.

 

[ghemminger]

California FTW! Maybe we will be the ones that finally bankrupt this country

 

[Dieseler]

..

 

[ghemminger]

I've said it before, I'll say it again.
Nine meals missed and all Hell breaks out.
How, when or why exactly that might happen I dunno.

NINE? that is it...Sh***

Here is a video showing what happens when SHTF in california
http://www.youtube.com/watch?v=TX2vx-j3SQs

 

[Dieseler]

NINE? that is it...Sh***

Here is a video showing what happens when SHTF in california
http://www.youtube.com/watch?v=TX2vx-j3SQs

Have you read this?
http://www.survivalmonkey.com/SF books/LightsOut!/LightsOut-Current.pdf

It may help you with more ideas on your video series.
I haven't watched your stuff yet because of my sound card but will as soon as I can.

 

[ghemminger]

Have you read this?
http://www.survivalmonkey.com/SF books/LightsOut!/LightsOut-Current.pdf

It may help you with more ideas on your video series.
I haven't watched your stuff yet because of my sound card but will as soon as I can.

Wow - lot of stuff right there - going to check it out thanks!

 

[gls]

Some of the possible solutions not even considered:

Release a portion of the non-violent drug offenders who cost many millions a year to imprison. In that same vein, cut back on law enforcement efforts focused exclusively on victimless crimes (drugs, prostitution, gambling).

Privatize/cut back on an array of inefficient and bloated state expenditures, from railroads to parks to museums, to useless bureaucracies like the "tourism bureau".

Impose an immediate hiring and spending freeze.

Of course that's not as easy as just ratcheting the thievery up another notch, though.

 

[TastyWheat]

I would laugh if I didn't think I would be paying for this somehow.

 

[Acala]

Riots

mmm.. you want riots and political unrest? Wait til the governator tells the poor in CA that they won't be getting all of their entitlements. The folks in Iceland and Greece were civil compared to how the folks in South Central roll.

I lived in LA during the riot. I lived close enough to the action that ash was falling in my driveway. But here is an interesting point - the rioters NEVER entered residential areas. Can you guess why? Here's a hint: half of all homes in the US have a firearm.

 

[pdavis]

http://www.msnbc.msn.com/id/28448852

http://www.tickerforum.org/cgi-ticker/akcs-www?post=76906

Quote:

If you expect you'll be getting a refund from California when you file your 2008 state income tax return, be prepared: you may instead receive a "registered warrant." Translation: an IOU.

California is rapidly running out of money. Blame it on the state budget deficit that continues to bleed billions of dollars from California's reserves. Facing inadequate credit to make up the difference, California's Controller John Chiang warns that by the end of February, the nation's most populous state may not be able to pay some of its debts, and instead be reduced to issuing those creditors IOUs.

"My office has projected that, in approximately 60 days, there will be insufficient cash available to meet all expenditures reflected in the 2008-09 Budget Act," stated a Tuesday letter from Controller Chiang to the directors of all state agencies. "To ensure that the State can meet its obligations to schools, debt service, and others entitled to payment under the State Constitution, federal law, or court order. California may begin, as early as February 1, 2009, issuing registered warrants...commonly referred to as IOUs...to individuals and entities in lieu of regular payments."



http://www.msnbc.msn.com/id/28448852

http://www.tickerforum.org/cgi-ticker/akcs-www?post=76906

Isn't this unconstitutional?

Article 1 Section 10: No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

BILL OF CREDIT. It is provided by the Constitution of the United States, art. 1, s. 10, that no state shall " emit bills of credit, or make anything but gold and silver coin a tender in payment or debts." Such bills of credit are declared to mean promissory notes or bills issued exclusively on the credit of the. state, and for the payment of which the faith of the state only is pledged. The prohibition, therefore, does not apply to the notes of a state bank, drawn on the credit of a particular fund set apart for the purpose. 2 M'Cord's R. 12; 2 Pet. R. 818; 11 Pet. R. 257. Bills of credit may be defined to be paper issued and intended to circulate through the community for its ordinary purposes, as money redeemable at a future day. 4 Pet. U. S. R. 410; 1 Kent, Com. 407 4 Dall. R. xxiii.; Story, Const. Sec. 1362 to 1364 1 Scam. R. 87, 526.

 

[slantedview]

stuck in California for the foreseeable future.

one of the interesting controversies arising from all of this has to do with state workers. would you believe that are over 200,000 people on state payrolls in CA!? insane. i live near sacramento, which makes the budget problem an interesting issue in that the governor has issued paycut and furlough notices to all state employees and they're whining about it like it's the end of the world. the general thinking is, if you're a state worker, your job and pay should be protected forever, unlike in the private sector. many worker's unions are even suing the state over this.

 

[Dieseler]

I lived in LA during the riot. I lived close enough to the action that ash was falling in my driveway. But here is an interesting point - the rioters NEVER entered residential areas. Can you guess why? Here's a hint: half of all homes in the US have a firearm.

And no stores to loot!

 

[sevin]

My fiancee and I would like to honeymoon there in early December 2009.

Will their bankruptcy make everything there (sporting events, restaurants, hotels, etc.) a lot cheaper?

Or should we consider going somewhere else?

hmm...