California Ugly

[BusyAfternoon]

From the WSJ

California Ugly

Soaking the rich isn't working on the left coast.
It looks like that Facebook IPO may not be enough to save California's fisc after all. Facebook co-founder Eduardo Saverin has renounced his U.S. citizenship to move to Singapore, which has no capital gains tax. And now we learn the Golden State's budget deficit will come in at $16 billion, up from a merely awful $9.2 billion estimate in January.

California Controller John Chiang reported last week that April tax collections were a gigantic 20.2%, or $2.44 billion, below 2012-13 budget projections. ...

 

[unregistered]

 

[BusyAfternoon]

A harbinger for the country.

 

[JAMESBJOHNSON]

Two years ago I said, ITS ALL OVER, and it is. Its now a time when the nation must pass thru a Crisis before things get better.

 

[Frizzle_Fry]

The idiots started doing what they did before, budgeting money they didn't have, betting on an improving economy that didn't improve.

Spending imaginary money they just KNEW they were going to gouge someone for. Makes me laugh every time I see a CA plate driving around in TX....shit there are more native Californians in Austin than there are Texans.