California Budget Deficit? What California Budget Deficit?

The Gubernator announced his last May Revise  this past Friday.  It was greeted with the usual rending of garments and gnashing of teeth now a customary part of the California budget blowout.   To close an almost $20 billion deficit His Arnoldness is now proposing freezes on local education, more slashing of government workers’ numbers and pay and huge cuts in social welfare and state medical care, including the complete termination of Calworks. Take that , you million mooching kids living off of state handouts.

But what are you going to do when the state is running almost 25% in the red?

And Our Last Action-Hero Governor can’t even depend on a last minute uber-dramatic rescue from Obi Wan Obama.  Washington’s response to  the Governor’s January request for $7 billion in reimbursements for Federal programs?  Drop dead.  Washington’s likely response to his new $3.4 billion beg?  Ditto.

Our Term(Limited)inator in Chief shouldn’t be  asking for a paltry $3.4 billion, anyway.  If the Feds have the audacity to insult the Golden State with such brass tribute he should throw it back in their faces.

No, what  one of the most successful businessmen in Hollywood History should demand is $70 billion.  That’s BILLION, with a big “B”. $70 billion is how much more California pays the Feds then the Feds give back in services and spending.

Californians get back about 78¢ for every dollar collected here by the Feds That means for the $313 billion  per year Californians pay the Federal government the Feds put back around $224 billion  in services and payments.  Which leaves California with that magic $70 billion deficit vis-à-vis  D.C.

Rather than running a $20 billion dollar budget deficit  in terms of revenues and spending  California actually has a $50 billion surplus. That is, if the Golden State got to keep all the gold it ships off to Washington.  Who then ships it off Red States like Mississippi, Alabama and all the others who get more back than they put in to the Federal slot machine.

I heard a commentator on the Dennis Prager show today compare Germany bailing out Greece to Texas bailing out  California .  Sorry but that’s the wrong comparison.  Texas gets back 94$ per dollar it sends.  Alaska gets back  a whopping $1.84.

So it’s Germany is to Greece as California is to Alaska, SAT fans.

Note to Feds: pay us our $70 billion, please.  We’ll take it in gold, if possible.

Note to Sarah Palin:  Shuttup already.  Your state takes more federal money per dollar sent than any other and you have the nerve to cry at your own Tea Party?  How about  you send us Californians—Real Americans who pay a lot more in shouldering the burden of being Americans than you and your mooching Alaskans—the $3.6 billion more you get back from that hated American government than you send in?

Consider it a down payment on monies owed California by a grateful nation.

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