SIGforum
Wait...What? A gubbermint SURPLUS?
February 28, 2017, 05:12 PM
IndyRobWait...What? A gubbermint SURPLUS?
quote:
Originally posted by WildSig:
I'll see your Billion and raise you .65 billion. Supposedly MN's budget surplus has grown to $1.65 billion.
http://www.startribune.com/min...5-billion/414982274/I haven't read the article yet but it seems like every year our governor wants to give this money to the poor.
I'll see your 1.6 and raise you another 540 million... and change Indiana tallies $210 million surplus, reserves at $2.14 billion
February 28, 2017, 06:09 PM
GraniteguyI think they may be taxing the distribution of a new plant up there as well......
February 28, 2017, 06:26 PM
WildSigquote:
Originally posted by IndyRob:
I'll see your 1.6 and raise you another 540 million... and change Indiana tallies $210 million surplus, reserves at $2.14 billion
Damn, anyone want to go for $3 billion?
February 28, 2017, 11:55 PM
Rey HRHquote:
Originally posted by TomV:
quote:
Maybe Maine can loan the $1B to California.
California can piss away that much before lunch.
I remember getting a tax surplus refund from CA. It was under Deukmejian.
"It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946.
March 01, 2017, 12:09 AM
Scoutmasterquote:
Originally posted by Rey HRH:
quote:
Originally posted by TomV:
quote:
Maybe Maine can loan the $1B to California.
California can piss away that much before lunch.
I remember getting a tax surplus refund from CA. It was under Deukmejian.
I remember Deukmejian, I think he came after Moonbeam's first round as CA Gov. So under Deukmejian CA gives a tax rebate, under Moonbeam CA goes defacto bankrupt.
"Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it"
- Judge Learned Hand, May 1944 March 01, 2017, 05:13 AM
XinTXquote:
Originally posted by Scoutmaster:
It seems the CA public employee pension system is about $1T in the hole (unfunded liability), not counting the formal debt for gov't agencies in CA, ie money borrowed, is something like $400B. Add to this their spending commitments for "social justice". It is only a matter of time before the house of cards tumbles.
And IIRC, that $1T is just the state pension. Lot of municipalities are far upside down in their pensions as well. Heck, even in TX, where we have to have a balanced budget, we have several cities whose pensions are driving them toward bankruptcy. Dallas and Houston are getting close. I think Sylvester Turner in Houston wants to issue $1B in bonds (without the required approval by the voters) just to try and keep the pensions afloat. It's high time goobermint switched over to defined contribution plans like the rest of the world. Pensions are a Ponzi scheme where the taxpayers are left holding the bag.
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