What happened to all of the doom and gloom economic threads?

[mercury14]

Actually, you don't know a fucking thing about what you're talking about:

California's high-speed train is unsafe at any speed

Nothing in that article contradicts what I said. Except [URL="The bill advances to the Senate and Governor Jerry Brown, an advocate of the bullet-train to link San Francisco and Los Angeles. It authorizes the state to begin selling $2.6 billion of bonds already approved by voters. The federal government has promised $3.3 billion in matching funds."Bloomberg says it's only a $2.6 billion bond sale.

Regardless, it's paid for and doesn't add to the deficit.

 

[4est_4est_Gump]

page 23 merc...

 

[mercury14]

Merc says, OH YEAH, it's not 4.5 Billion!

DC is paying half (but then he claims California is subsidizing the red states...)

From the Washington Post:

The red state ripoff

Over at the Fourth Branch, they've got a nice map showing the states that receive more than a dollar back for every dollar they pay in taxes (which they've coded red), and the states that receive less than a dollar back for every dollar they pay in taxes (which they've coded blue). Just to repeat: Red states are getting a good deal, and blue states a bad one. Here's the map:

http://voices.washingtonpost.com/ezra-klein/assets_c/2010/04/mapstatestaxes-thumb-454x340-18041.gif

 

[4est_4est_Gump]

Nothing in that article contradicts what I said. Except [URL="The bill advances to the Senate and Governor Jerry Brown, an advocate of the bullet-train to link San Francisco and Los Angeles. It authorizes the state to begin selling $2.6 billion of bonds already approved by voters. The federal government has promised $3.3 billion in matching funds."Bloomberg says it's only a $2.6 billion bond sale.

Regardless, it's paid for and doesn't add to the deficit.

The cost of maintenance and the subsidies for ridership on the nowhere line will have to be borne in the future unless you contend that DC will be covering the cost indefinitely in which case it would increase our deficit and thus be another paper-cut to the national economy...

Government projects never pay for themselves.

Nor do they usually conform to the initial budgeted costs...

 

[4est_4est_Gump]

From the Washington Post:


http://voices.washingtonpost.com/ezra-klein/assets_c/2010/04/mapstatestaxes-thumb-454x340-18041.gif

Saying that KANSAS takes in more than it pays compared to what we're paying for high speed rail to nowhere is like comparing my fortune to Bill Gate's fortune...

 

[unregistered]

 

[mercury14]

The cost of maintenance and the subsidies for ridership on the nowhere line will have to be borne in the future unless you contend that DC will be covering the cost indefinitely in which case it would increase our deficit and thus be another paper-cut to the national economy...

Government projects never pay for themselves.

Nor do they usually conform to the initial budgeted costs...

So according to your logic we should never build highways or bridges. Those things make no money and cost a ton to maintain.

 

[4est_4est_Gump]

page 25 merc

The whole budget is based on the notion that the economy is improving and that revenue will automatically increase, but, in fact, we are in a stall...

 

[4est_4est_Gump]

So according to your logic we should never build highways or bridges. Those things make no money and cost a ton to maintain.

Epic fail in logic there...

I am pointing out that your rosy cost and zero-deficit impact claims are a rosy fairy tale belied by actual reality.

The light rail is going to lose money at a time when California needs to stop its other arterial bleeds.

 

[unregistered]

 

[mercury14]

This:

Democratic California state Sen. Joe Simitian probably is best-known as the author of California's bill to ban the use of hand-held cellphones while driving. After Friday's vote, Simitian may be best-known as the Democrat who warned his colleagues not to issue $4.6 billion in bonds for big-ticket high-speed rail.

proved your 2.6 to be totally fucked up, and my number correct. OH, and the total cost is more like the 68 billion in the article. It isn't going to happen.

Bloomberg was wrong then? Fucked up? Outdated even though it's six days old?

My link also shows that Democrats wrote the ballot initiative to automatically trigger more spending cuts if voters decline the tax. Either way it fixes the deficit.

 

[mercury14]

You might try spending the money "when you have it."

They are. That's why it comes with a bond initiative. So they can have the money at the same time and not finance it.

Lol. Nevermind. You don't know what bonds are.

 

[mercury14]

page 25 merc

The whole budget is based on the notion that the economy is improving and that revenue will automatically increase, but, in fact, we are in a stall...

So it should always be based on the assumption that revenue will remain the same? LOL, no, they do projections and update them periodically when the numbers come in, making further adjustments. Just like a private corporation does.

Hmm, turns out you don't want government to be run like a business after all. Or you just don't know how businesses work.

Saying that KANSAS takes in more than it pays compared to what we're paying for high speed rail to nowhere is like comparing my fortune to Bill Gate's fortune...

Oh so you had to deflect in a hurry when you saw that blue states subsidize crappy red ones. Gotcha.

And California shouldn't engage in revenue projections when doing their budget. Unless it's high-speed rail (not light rail, doofus), then it's okay to engage in all the budget projections we want? Classic AJ anti-logic.

 

[fair_warning]

Actually, you don't know a fucking thing about what you're talking about:

California's high-speed train is unsafe at any speed

Calm down, calm down. Mass transit via rail is the way of the future, there is a lot of resistance to this but, it is the only way forward...I'm a planner, trust me...

 

[RobDownSouth]

See AJ derp. Derp, AJ, derp!

Saying that KANSAS takes in more than it pays compared to what we're paying for high speed rail to nowhere is like comparing my fortune to Bill Gate's fortune...

State to state revenue/expense comparisons are valid.
Comparing your individual income to that of Bill Gates is A) anecdotal, B) cherry picking and C) the logical fallacy of small sample size

#WingnutLogicalFallacy

 

[1Browneyedguy]

maybe

More people are having sex ! Forgetting about the doom & gloom

 

[jeninflorida]

Spain ups sales tax to 21% Holy shit

http://www.cnbc.com/id/48144383

 

[jeninflorida]

San Bernardino Becomes Third California City Seeking Bankruptcy

http://www.cnbc.com/id/48143974


I still say that this isn't a revenue problem, its a massive spending and liabilities issues by the state (too many employees and out of control HR costs associated with employees)

 

[BotanyBoy]

Spain ups sales tax to 21% Holy shit

http://www.cnbc.com/id/48144383

Fighting natural selection is fucking expensive isn't it?

 

[koalabear]

U.S. stocks were slightly lower Wednesday, as investors took to the sidelines ahead of the release of the Federal Reserve's meeting minutes later in the day.

 

[bra_man69]

Have you noticed merc answer to every states funding problem is it doesn't matter the federal government given them x amount of money it's like he thinks the federal government sales something and makes a profit.

 

[koalabear]

Have you noticed merc answer to every states funding problem is it doesn't matter the federal government given them x amount of money it's like he thinks the federal government sales something and makes a profit.

merc is a moron.

 

[bra_man69]

merc is a moron.

Among other things

 

[unregistered]

 

[unregistered]