tag:blogger.com,1999:blog-8529580665294663953.post3699011596970263011..comments2023-10-27T04:26:57.609-07:00Comments on InvestorCentric: An Idea To Break The California Budget StalemateNuWire Investorhttp://www.blogger.com/profile/02512928198926080436noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8529580665294663953.post-911638921674015002009-02-19T13:42:00.000-08:002009-02-19T13:42:00.000-08:00The State of California should consider selling ta...The State of California should consider selling tax liens to investors on properties with unpaid taxes (Florida); or redeemable deed sales with a flat penalty (Texas). Straight deed sales will not cut it in a depressed real estate market like there is in Stockton and other places in California.Cjviatorhttps://www.blogger.com/profile/10644940077718767567noreply@blogger.comtag:blogger.com,1999:blog-8529580665294663953.post-87193383059904628232009-02-17T13:06:00.000-08:002009-02-17T13:06:00.000-08:00There is no budget crisis in California: there is ...There is no budget crisis in California: there is however, a crisis in leadership.<BR/><BR/>The failure of our politicians to do what needs to be done is the reason for the popularity of constitutional referendums in California that often only tie lawmaker's hands when they attempt to solve multi-faceted issues with balance and compromise. It's a vicious circle.<BR/><BR/>No amount of tax or fee increases, spending cuts or federal stimulus will solve California's budget problem. So long as we have the two party system what we'll need to get the people's business done is leadership. What we need is a California Barak Obama.<BR/><BR/>Even with our problems, I would much rather be in California than Kansas (also broke), or Detroit (hell hole) where I grew up. California's roads aren't paved with gold like they used to be but its still better here than any of the other 47 states I've been in.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8529580665294663953.post-52211824071667748742009-02-16T22:29:00.000-08:002009-02-16T22:29:00.000-08:00Four things to get popular support for a budget - ...Four things to get popular support for a budget - no borrowing or education cuts required:<BR/><BR/>1. Strip all subsidies for programs benefitting illegal aliens - $13 billion per year saved.<BR/><BR/>2. Eliminate all premium pay for overtime and cap civil service wage and benefit packages at $150,000 per person, $90,000 for non-supervisorial personell. $4 billion saved.<BR/><BR/>3. Reduce all prop 13 in-lieu subsidies to local agencies by 250% and sunset the balance over the next three years - if voters in affected areas want the affected services they can approve increases locally. $20 billion saved.<BR/><BR/>This is $37 billion of the needed $42 saved. With this done finding the other $5 billion should be relatiuely simple - maybe then some of us would even consider a fee increase. Until then, do your job legislature!Anonymousnoreply@blogger.com