The Governator - Day 1

Discussion in 'Politics, Religion, Social Issues' started by Rower_CPU, Nov 18, 2003.

  1. Rower_CPU Moderator emeritus

    Rower_CPU

    Joined:
    Oct 5, 2001
    Location:
    San Diego, CA
    #1
    CNN Story

    Well, the new governor of California wasted no time repealing the car tax today, fulfilling one of his key campaign compromises. It will be interesting to see where the $4 billion comes from the replace it, or what gets cut. I've heard things about higher ed taking some hits, and that has me worried.

    That said, I wish him well and hope his supporting cast will provide good guidance, and that he can be the "uniter" that others claim to be but don't deliver on.
     
  2. manitoubalck macrumors 6502a

    manitoubalck

    Joined:
    Jul 17, 2003
    Location:
    Adelaide, Australia
    #2
    I hope all goes well to. California has a larger economy, and a larger population than all of Australia. And it's being run buy a movie star:rolleyes: .

    He'll need all the luck, advice and good fortune that comes his way.
     
  3. mactastic macrumors 68040

    mactastic

    Joined:
    Apr 24, 2003
    Location:
    Colly-fornia
    #3
    Actually the burden will fall to the counties and cities to make up the difference. Here they are already talking about a parcel tax of somewhere between $75 - $150 annually to help make up the revenue difference. Cutting the Vehicle License Tax is just a shell game to make Arnold look good.
     
  4. Mr. Anderson Moderator emeritus

    Mr. Anderson

    Joined:
    Nov 1, 2001
    Location:
    VA
    #4
    And what's going to happen this summer when everyone starts turning on the AC and the power becomes an issue again.

    Its a big job - it will be fun to watch how he handles it. What sort of term limitations are there? And when would he be up for re-election?

    D
     
  5. KCK macrumors regular

    Joined:
    Jul 31, 2003
    Location:
    Oakland, CA
    #5
    didn't you hear outgoing Gov. Grey Davis declared the energy crisis over. Any blackout that happens during high energy demand next summer is a figment of your imagination.
     
  6. Mr. Anderson Moderator emeritus

    Mr. Anderson

    Joined:
    Nov 1, 2001
    Location:
    VA
    #6
    ah, so sorry, didn't know that......;)

    glad its all been fixed....guess they managed to get those fusion reactors online, or was it the San Andreas thermal plant that solved power demand issue?

    D
     
  7. Dont Hurt Me macrumors 603

    Dont Hurt Me

    Joined:
    Dec 21, 2002
    Location:
    Yahooville S.C.
    #7
    i think its going to be time to break out a great big axe and start chopping away all those liberal programs and work on that illiegal immigration? i hear great big chopping sounds coming from the.....GOVERNATOR!:eek:
     
  8. meta-ghost macrumors regular

    Joined:
    Apr 9, 2002
    Location:
    San Francisco
    #8
    care to be more specific?
     
  9. mactastic macrumors 68040

    mactastic

    Joined:
    Apr 24, 2003
    Location:
    Colly-fornia
    #9
    Even Da Governator doesn't know what he wants cut yet. He's waiting for the report from Jeb Bush's hatchet woman. She will give him the list of social programs she wants cut. She is ruthless and sees pretty much all social programs as waste, much as some of our strict constructionist posters do. We'll see how much of her report Arnold wants to try and implement, but it won't be easy for him.
     
  10. radhak macrumors regular

    Joined:
    Aug 28, 2003
    Location:
    NJ, USA
    #10
    you mean for recall...? ;)
     
  11. Rower_CPU thread starter Moderator emeritus

    Rower_CPU

    Joined:
    Oct 5, 2001
    Location:
    San Diego, CA
    #11
    He will serve the rest of Davis' term and then will almost surely run for re-election.
     
  12. mactastic macrumors 68040

    mactastic

    Joined:
    Apr 24, 2003
    Location:
    Colly-fornia
    #12
    AFAIK, this doesn't count as one of the two terms he is limited to. Arnold could run at the end of this term, and one more time after that. In theory he could be around for the next 10 years as govenor.

    And since Davis didn't finsh out his second term, he is technically elegible to run again, but I'm sure pigs will fly before he is elected to office again.
     
  13. jonapete2001 macrumors regular

    Joined:
    Oct 20, 2003
    #13
    I am not too knowelgable on the California debt issue. But in the long run the death of the car tax could spark some new auto sales. also california might just have to many social programs. Some are needs and others may make people feel better, but everyone has to admit there may come a point that the tax payers can not reasonabley support so many social welfare programs.

    Untill the economy fully rebounds(starting to already) some programs may need to take a hit.
     
  14. mactastic macrumors 68040

    mactastic

    Joined:
    Apr 24, 2003
    Location:
    Colly-fornia
    #14
    Would you support reinstating the cut programs after the economy rebounds, or would you prefer that they stay cut?
     
  15. IJ Reilly macrumors P6

    IJ Reilly

    Joined:
    Jul 16, 2002
    Location:
    Palookaville
    #15
    The $4 billion in revenue represented by the "car tax" is exclusively local government funding collected by the state. Unless the gov can find another source for those funds, we're talking about cities and counties laying off cops and firefighters, and sooner rather than later. The legislature's apparent point man for responding to the governor (Sen. John Burton) said quite bluntly yesterday that he's not going to get the $4 billion from them -- it's between the governor and the local governments.
     
  16. jonapete2001, Nov 19, 2003
    Last edited: Nov 6, 2012
  17. Ugg macrumors 68000

    Ugg

    Joined:
    Apr 7, 2003
    Location:
    Penryn
    #17
    The last thing arnie needs is more unemployment. There is no easy solution but wholesale job slashing is not the answer. Programs are not just fancy titles on letterhead but are made up of flesh and blood tax payers who would not (obviously) be paying taxes if they no longer have a job. My local govt. has made do by deferring capital and maintenance expenditures but they have cut all they can without eliminating jobs. My guess is that most other cities and counties in CA have as well. Davis, for all his problems at least took a human approach to the budget deficit. It remains to be seen how arnie does.
     
  18. g5man macrumors newbie

    Joined:
    Oct 17, 2003
    #18
    No-one is going to be laid off. He will be asking the voters to approve a $15 billion bond to cover the deficit.

    In politics it almost impossible to cut any program, so that is why we have deficits when the economy heads south or in this case the state is mismanaged at the same time.

    I seem to recall many predicting that cutting taxes would lead to economic failure. This time the car tax never got a chance to hurt he economy so we won't see the effects of cutting it.

    However when the car tax tripled, luxury car sales fell 40% in October.
     
  19. Ugg macrumors 68000

    Ugg

    Joined:
    Apr 7, 2003
    Location:
    Penryn
    #19
    Stats are meaningless without links to back them up. I'm sure that if we looked closely we would also find that they rose 40% in September. It is doubtful whether arnie will be able to find anyone willing to buy $15 billion worth of bonds, from what I've seen he'll probably only be able to borrow about $4 billion. The rest will have to come from increased taxes or from cuts. It won't be all one or another.

    And, you might do well to remember that gw & co. are the biggest spenders to hit DC since Roosevelt. They even put LBJ to shame. This means, of course, that credit is drying up pretty darned fast especially with the dollar's continued shrinkage. I believe the Euro was at 1.19 to the dollar. Investors like strong currencies not weak ones especially when they are being manipulated for short term political reasons.

    Everyone talks about how mis-managed the state is when it consistently ranks in the upper third in desirable places to work and live and its govt is pretty well managed. It's just the politics that are crzay. Of course the world's fifth largest economy is bound to have the fifth largest budget problems:D

    Think about it, ~20% of the US' might and power is constituted in one single state. CA has gotten a bad rap. Arnie, will probably only make it worse. He would have done much better from a fiscal standpoint to roll back the license fee by half or more, but no, the grand gesture is more important than fiscal responsiblity.
     
  20. IJ Reilly macrumors P6

    IJ Reilly

    Joined:
    Jul 16, 2002
    Location:
    Palookaville
    #20
    He can ask the voters to stand on their heads and spit wooden nickels -- that doesn't mean it will happen.

    The impact of the tax cuts on local services will be immediate. The earliest any ballot measure could reach the voters is next March.

    The so-called car tax (real name: vehicle license fee) was lowered for only a few years while the state ran a surplus. Returning it to previous levels if the state was unable to offset the local government financing from the general fund was required by the same law that lowered the fee in the first place.
     
  21. zimv20 macrumors 601

    zimv20

    Joined:
    Jul 18, 2002
    Location:
    toronto
    #21
    *i* wouldn't buy that bond
     
  22. 3rdpath macrumors 68000

    3rdpath

    Joined:
    Jan 7, 2002
    Location:
    2nd star on the right and straight till morning
    #22

    people WILL be laid off. my city is already working on it and it's gonna be ugly.

    and programs get cut all the time( or become underfunded to the point of being ineffective)...sheesh, visited a public school lately? how about a state run clinic? many of the homeless ( clinically mentally ill) were pushed out on the street years ago.

    and i'm not sure how you can say the car tax didn't hurt the economy AND luxury car sales were down 40%....make up your mind.

    ovi, as always i'm perplexed by you're gung-ho denial of reality.
     
  23. zimv20 macrumors 601

    zimv20

    Joined:
    Jul 18, 2002
    Location:
    toronto
    #23
    the GOP is good at marketing this message: the left want to give YOUR money to lazy people.

    i find it plays well w/ those who are deluded in thinking they'll be "rich" someday. and it's the lazy who are standing in their way.
     

Share This Page