THE PEOPLE'S REPUBLIC OF CALIFORNIA - This site is dedicated to exposing the continuing Marxist Revolution in California and the all around massive stupidity of Socialists, Luddites, Communists, Fellow Travelers and of Liberalism in all of its ugly forms.
"It was a splendid population - for all the slow, sleepy, sluggish-brained sloths stayed at home - you never find that sort of people among pioneers - you cannot build pioneers out of that sort of material. It was that population that gave to California a name for getting up astounding enterprises and rushing them through with a magnificent dash and daring and a recklessness of cost or consequences, which she bears unto this day - and when she projects a new surprise the grave world smiles as usual and says, "Well, that is California all over."
(The Center Square) – California just filed its 2021-2022 audited financialstatement, 350 days past the filing deadline. In its filing, the state admits that COVID-era unemployment fraud cost the state $29 billion that must be paid back to the federal government, and that in 2022, the state had $256 billion more in liabilities than it had in unrestricted resources.
After accounting for restricted resources, such as purpose-specific state trust funds and bonds, the state still owed $55 billion more than it had.
California currently faces a $73 billion deficit for the 2024-2025 fiscal year, to which the Democratic legislature has responded with aproposalto cut this year’s budget by $2.1 billion and a proposal to spend $12 billion, or half the state’s rainy day fund.
With the state reducing 2023 jobs growth from 325,000 to just 50,000, revenues are likely to be much lower than expected.
With a significant expansion of benefits, including expanding taxpayer-funded MediCal to all illegal immigrants, and a major shift in illegal immigration from heavily-enforced Texas to California instead, state expenditures could end up being higher than expected.
Corrupt Democrats drive the state deeper in debt to build a train no one will ride. (You can drive faster to San Francisco than this train will run.)
Corrupt Republicans refused to rock the pig's trough of spending by putting an initiative on the ballot to kill the bullet train. With no issue to run on Republicans lost seats in 2016 giving Democrats a super majority in the legislature.
(AP) — California's state treasurer says ongoing legal challenges didn't harm the sale of nearly $1.25 billion in high-speed rail bonds.
Spokesman Marc Lifsher says all the bonds were claimed Thursday and treasury officials are happy with the results.
He says there was wide participation by different sectors of the bond-buying market. The sale produced yields that would be expected under current market conditions.
The sale was broken into three offerings, with yields as high as about 2.4 percent and maturity dates as distant as 2047.
A Sacramento County judge is to rule next week on whether the California High Speed Rail Authority can now spend the bond money.
The lawsuit challenges legislation that opponents say goes beyond what California voters allowed when they approved nearly $10 billion in bonds in 2008.
Amtrak rail lines in California. . Nothing to Steal An intelligent person would simply connect the Amtrak line that dead ends in San Luis Obispo with the Amtrak line at San Jose. For a tiny fraction of the cost of the insane "high speed" rail fraud most of the state from Mexico to Sacramento would be connected by rail. . Instead countless billions will be pissed away as payback to the businesses and unions that fund the campaigns of the Sacramento hacks. All the special interests have their snouts in the trough of corruption.
Amtrak Pacific Surfliner at Del Mar, CA Simply connect San Jose and San Luis Obispo and you have a statewide rail system. But easy and cheap are words the liar politicians have never heard.
The city of San Bernandino voted Democrat and was rewarded with a big FU by Jerry Brown.
(San Bernardino Sun) - Gov. Jerry Brown has given his response to the optimistic request for help on six different fronts that Mayor Carey Davis and his allies made in a trip to Sacramento.
The answer is no.
That’s according to a news release sent by Davis’ chief of staff, Christopher Lopez, who said the city will continue to implement its bankruptcy exit plan.
Governor Jerry Brown (AP File Photo)
A “cornerstone” of that plan, Lopez said, is contracting out for some services, including fire protection, something the city has repeatedly sought to pressure Cal Fire to provide.
“Governor Brown’s office has recently made San Bernardino aware that Cal Fire will not provide a proposal and that our additional requests will not be considered,” Lopez wrote Monday evening.
The county fire department and a private firm called Centerra did submit proposals to run the city’s Fire Department, which the city thinks could save it $7 million or more per year.
The city asked Brown to force Cal Fire to submit a bid, despite explicit refusals from the state fire agency’s chief, and for help with several other issues, in a five-page letter signed by Davis, the city manager, the city attorney and all of the City Council members except John Valdivia.
Davis and Councilwoman Virginia Marquez then lobbied the governor’s chief deputy legislative affairs director and local government adviser, with the help of bipartisan state legislators representing the area: Assemblyman Marc Steinorth, R-Rancho Cucamonga in person, and other support from Assemblywoman Cheryl Brown, D-San Bernardino, state Sen. Mike Morrell, R-Rancho Cucamonga and state Sen. Connie Leyva, D-Chino.
Their requests involved a California Public Employees’ Retirement System penalty, the threatened decertification of the San Bernardino Employment and Training Agency, a loan, a bill that would facilitate contracting with county fire, help with the dissolution of the redevelopment agency, and clarification on its tax agreement with Amazon.
Brown’s office could not be reached Tuesday, while San Bernardino reportedly moved forward with its plans.
House Minority Leader Nancy Pelosi observed Thursday that 62 percent of House
Republicans voted against the deal that reopened the federal government and
raised the debt ceiling to avoid the first-ever U.S. default. The “no” votes
included a majority of California’s GOP caucus.
Seven California Republicans voted “yes.”
All 198 sitting House Democrats
voted for the agreement.
John Campbell, R-Irvine, Jeff
Denham, R-Turlock (Stanislaus County), Duncan Hunter, R-Alpine (San Diego
County), Doug LaMalfa, R-Richvale (Butte County), Tom McClintock, R-Elk Grove
(Sacramento County), Dana Rohrabacher, R-Costa Mesa (Orange County), and Ed
Royce, R-Fullterton (Orange County).
California Republicans voting yes:
Ken Calvert, R-Corona (Riverside County),
Darrell Issa, R-Vista (San Diego County), Kevin McCarthy, R-Bakersfield, Buck
McKeon, R-Santa Clarita (Los Angeles County), Gary Miller, R-Rancho Cucamonga
(San Bernardino County), Devin
Nunes, R-Tulare, and David
Valadao, R-Hanford (Kings County).
Socialist Mayor Gayle McLaughlin raises the flag over what is left of Richmond, California.
The March of Communism
Richmond tries to invoke its power of imminent domain and
seize home mortgages and re-distribute that wealth
to government approved voters.
The People's Republic of California - Marxist
Californians are on the march looking to seize the money, the private
property, of banks and private individual lenders and re-distribute that wealth
to voter home owners. Emphasis on the VOTER part please.
When
you rob Peter and give the money to Paul, you will always get Paul's vote.
The Green Party Mayor of Democrat dominated Richmond, Calif., and a gaggle of activists and homeowners showed up at the Wells Fargo Bank headquarters in downtown San Francisco this month, they were on a mission to speak with the bank's chief executive.
They wanted the bank to drop a lawsuit aimed at stopping Richmond's first-in-the-nation plan to use the government's constitutional power of eminent domain to "seize" hundreds of mortgages from Wells Fargo and other financial institutions reports the San Francisco Chronicle.
As Mayor Gayle McLaughlin and the plan's backers approached the bank building, security guards locked the doors. After a bank official told her there would be no meeting then and that someone would call her later, she grabbed a bullhorn.
"I am absolutely not backing down," McLaughlin said, as curious tourists and lunching office workers milled about.
Wells Fargo, three other banks and even the Federal Housing Finance Agency think otherwise.
The banks have filed two lawsuits alleging that the plan is an illegal abuse of eminent domain, which allows governments to seize private property for public use — like a house in the path of a new highway or a piece of land needed for a new park.
The banks argue the plan would "severely disrupt the United States mortgage industry" because many other cities would likely adopt the same program to help homeowners who owe more on their mortgages than their houses are worth.
So far, Richmond has sent out more than 600 offers, but has not yet begun any eminent domain proceedings. Newark, N.J., North Las Vegas, Nev., El Monte, Calif., and Seattle are considering similar plans, according to Wells Fargo's lawsuit reports the San Francisco Chronicle.
McLaughlin said cities are considering the program because they are desperate. Nearly half the mortgages in Richmond, for example, are "underwater," the owner owes more than the house is worth.
Richmond, working with San Francisco-based Mortgage Resolution Partners, offers $150,000 to buy a $300,000 bank loan on a house that is now worth $200,000 and is in danger of foreclosure.
If the bank refuses to sell the loan to Richmond, then the city invokes its power of imminent domain and seizes the mortgage. It would then offer the bank a fair market value for the home.
Mortgage Resolution Partners, the company partnering with the city, puts up the money and had promised to pay all Richmond's legal costs. City officials have not said how many homes they hope to refinance through eminent domain.
This Green is Pure Red. Gayle McLaughlin, the Green Party Mayor of Richmond, is quoting Karl Marx. Working with the Democrat city council she wants to use city power (for example) to confiscate $300,000 home mortgages from banks and pay them only $150,000 for their home loans. . Naturally the grateful home owners with the "magically" lower house payment reward the liar, stealing politicians with their votes in the next election.
McLaughlin is a Green Party candidate who beat back opposition from the city's police and fire unions to win a second term in 2010.
She said she fears homeowners will begin to abandon their homes, leading to blighted neighborhoods and the draining of public coffers to the point of municipal bankruptcy experienced by Stockton, Calif., and Detroit.
"The city is stepping in where Wall Street and where the federal government have been unable or unwilling to do so," she said.
Federal regulators said eminent domain isn't the answer. The Federal Housing Finance Agency said plans to seize loans "present a clear threat to the safe and sound operations Fannie Mae, Freddie Mac and the Federal Home Loan Banks."
Tim Cameron, a Washington, D.C., lobbyist with the Securities Industry and Financial Markets Association, said there is more at play than a single person's underwater loan.
Cameron said pension funds, banks and other groups that made loans in Richmond stand to lose millions of dollars if the city is allowed to use eminent domain to force lenders into accepting less than the original terms of the loan.
He also predicted that cities using eminent domain will make lenders wary of doing business there.
"I feel your pain." While students are screwed with endless fees, the new San Diego State President Elliot Hirshman was approved for a $400,000 compensation package. This is $100,000 more than his predecessor for doing the same job.
Hidden Taxes - Cal State students are forced to pay a fee just to graduate
The "adults" in administration and the unions rape the system to line their own pockets while the students are saddled with a massive debt that they cannot even declare bankruptcy on.
In the olden days I worked my way through Cal State at a minimum wage job and graduated with zero college debt. But those were the old days.
Since then California education has gone to shit with insane fees for college students, over paid administrators and a high school system with a huge drop-out rate that graduates near illiterates.
Now graduating students at more than a dozen California public universities will have to hand over money before they are handed their diplomas, a newspaper reported.
Cal State East Bay charges $45 to graduate. At San Francisco State, the fee is $100 - $60 more than it was two years ago.
"There is a fee for everything," said Natalia Aldana, a Cal State East Bay communications major and journalist who will graduate in June. "I think it's really unfortunate that they have to charge students for everything they do, including graduation."
The fees are not new, but students are noticing them at a time when they have experienced tuition fee hikes nearly every year they were on campus, the Tribune reported.
At San Jose State, some students recently learned they'd have to pay $75 to participate in their department's celebration.
"You've worked so hard," said Rebecca Krueger, who started a blog about the fees. "It's this time of honor and celebration, and you're hit with this fee just to participate. You feel nickel-and-dimed."
Cal State spokesman Mike Uhlenkamp said because tuition money can only be used for instruction costs, campuses must look elsewhere to pay for graduations. The state's Master Plan for Higher Education has created a complicated set of fees, the Tribune reported.
UC Berkeley graduates don't pay a separate fee to get their diplomas, but commencement tickets cost $10 a head - even for graduates themselves.
Some San Jose State officials say the university could help departments control their ceremony costs by coordinating their planning.
At one event last year, Dorothy Poole, the head of the commencement committee, said she watched rental companies set up chairs for one department's event, take them down and put them up again for a different department a day later.
While students go deep into debt, the administrators get huge salaries.
The average annual base salary for a CSU president is about $298,000.
As for the perks, presidents receive a $1,000 monthly auto allowance and a
free house provided by the campus, or a $50,000 to $60,000 annual housing
stipend.
CSU Board of Trustees approved a $400,000 compensation package for newly named
San Diego State President Elliot Hirshman, while in the same meeting trustees
also approved a 12 percent tuition increase. Hirshman earns about $100,000 more
than his predecessor.
A nationwide survey by The Chronicle of Higher Education of 190 public
research institutions found that the average compensation for a university
president in 2011 was $421,395.
The highest paid leader in 2011 was University of Ohio President E. Gordon
Gee, who earned $1.9 million. In California, the top earner was University of
California President Mark G. Yudoff, who earned $581,232.
A 50% increase in murders and a shrunken police force.
The gunshots ripped through a house party here, an hour before midnight on New Year's Eve, wounding three and killing one. It was a brutal, if fitting, cap to a year that left this city bloody and broke.
Five months after San Bernardino filed for bankruptcy - the third California city to seek Chapter 9 protections in 2012 - residents are confronting a transformed and more perilous city.
The San Francisco Chronicle reports that after violent crime had dropped steadily for years, the homicide rate shot up more than 50 percent in 2012 as a shrinking police force struggled to keep order in a city long troubled by street gangs that have migrated from Los Angeles, 60 miles to the west.
"Lock your doors and load your guns," the city attorney, James Penman, said he routinely told worried residents asking how they can protect themselves.
This is one of the prices that cities often pay for falling into bankruptcy: the police force is cut, crime skyrockets and residents are left trying to ensure their own safety.
"Lock your doors and load your guns" San Bernardino City Attorney Jim Penman told a town hall meeting that residents should lock their doors and load their guns because the bankrupt city’s police department would be unable to protect them.
City Attorney: "Lock your doors, load your guns"
San Bernardino, CA Second Poorest City in U.S.
A little over a year ago, this city's falling crime rate was a success story. An aggressive gang-intervention effort helped cut the homicide rate by nearly half since the 2005 peak, and in 2011 the program was held up by the National League of Cities as a model for other cities to follow.
But nearly all that progress was erased last year as San Bernardino collapsed under the weight of the same forces that have hit cities all over California and threaten to plunge still more of them into insolvency: high foreclosure rates that eroded the city's tax revenue, stubborn unemployment, and pension obligations that the city could no longer afford.
Stockton, which filed for bankruptcy in June, has followed a similarly grim path into insolvency, logging more homicides last year than ever before. In Vallejo, which filed for bankruptcy in 2008, cuts left the police force a third smaller, and the city became a hub for prostitution.
In San Bernardino, a city of about 213,000 people, dozens of officers have been laid off since the bankruptcy filing, leaving the police force with 264 officers, down from 350 in 2009. Those who remain call in sick more often, said Police Chief Robert Handy. Emergency response times are up. Nonemergency calls often get no response.
At the same time, as part of a plan to reduce the state prison population, nearly 4,000 criminals who would once have been sent to state prison have been put in the custody of San Bernardino County law enforcement authorities. Some have been released, putting more low-level criminals back on the streets of San Bernardino, Hardy said, and adding to the challenges already faced by the police.
"All of our crime is up, and the city has a very high crime rate per capita anyway," Handy said. "I can't police the city with much less than this. We're dangerously close as it is."
California city to file for bankruptcy
Violence increasing
As lawyers wrangle in court over San Bernardino's plan to cut $26 million from its budget and defer some of its pension payments, city officials say there is little more they can do to turn back the rising tide of violence.
Mayor Patrick Morris said he was even looking into eliminating the Police Department entirely, and relying on the county Sheriff's Department for law enforcement, which could save money. Many other city services, he said, have already been cut "almost into nonexistence."
"The parks department is shredded, the libraries similarly," Morris said. "My office is down to nobody. I've got literally no one left." (Morris' son now serves as a volunteer chief of staff for the mayor's office.)
With the city unable to provide, residents have begun to take more responsibility. Volunteers help with park maintenance, work at the city animal shelter and, in some cases, even replace broken streetlights.
Neighborhood watch groups have also grown in number in the last year, as they did in Vallejo and Stockton after those cities filed for bankruptcy. There are now more than 100 groups and counting, up from 76 last year. Handy said the groups would play a "huge part" in fighting crime, especially given the cut to the police.
In less affluent parts of the city, though, community groups have had less influence. On the West Side, traditionally a gang-controlled area, one resident, Elisa Cortez, said that almost all the neighbors on her block had recently moved in, and that she did not know them.
On a recent Saturday, Cortez repeatedly called the city about a stray dog that lay dead on the sidewalk just outside her house. No one came. "We can't get a hold of anybody to get rid of it," she said.
Salary doubts
The city is still doing regular trash collection - at least for now - if not dead animal removal. But after 15 years driving a garbage truck in the city, Carlos Teran does not know if the city will have enough money to pay him next month. His payroll is now month-to-month, he said.
Teran owes more than $200,000 on a house in Bloods gang territory that is now worth closer to $50,000, he said.
Up the street, a tree-lined avenue with views of the nearby foothills, four candles marked the spot where a gang member was killed in a drive-by shooting. Across the street, metal thieves have gutted one of the foreclosed homes that dot the neighborhood, ripping air conditioners and electrical boxes off the walls long before the police responded.
"It's scary," said Teran's wife, Elizabeth. "You hear gunshots. You have to watch your surroundings."
Some of Teran's co-workers, even the ones who have not been laid off, have left San Bernardino. The Terans, who both grew up in the city, have considered doing the same, walking away from their underwater mortgage and moving their five children to a place where they can leave the house wearing their blue soccer shirts without fear.
But they have decided to stay. Teran is the block captain for a neighborhood watch group that also cleans up a park every month. Like other residents in the rougher parts of San Bernardino, he said he knew the area well enough to feel safe here.
"I know people say this is a shameful city, one of the worst places to live, one of the worst cities to raise your kids," Teran said. "But down deep in my heart, I love this city. And one day it will turn around."
Corruption in all directions High-Speed Rail is nothing more than a "full employment" act for lawyers looking to drain dry both sides.
By a pure accident of fate, the trial lawyers fully fund the Democrat Party that demands the useless pork barrel rail system that will employ an army of lawyers for years on end.
A perfect circle of corruption.
The property rights of local people are being crushed in order to line the pockets of lawyers up and down the state.
Real estate attorneys are seizing a monumental opportunity as the People's Republic of California lumbers ahead with its high-speed rail plans in the central San Joaquin Valley.
The Fresno Bee reports that with 1,100 or more pieces of property in the path of the proposed route between Merced and Bakersfield, lawyers who specialize in eminent domain cases could see business spike over the coming months as the state's High-Speed Rail Authority starts trying to buy land for rights of way.
A sign posted at a home close to the train's proposed
route near Hanford, in Kings County.
Read more here: http://www.fresnobee.com/2012/12/25/3113242/valley-land-a-likely-issue-for.html#storylink=cpy
"I think there's going to be a lot of attorneys who have never handled an eminent domain case who will suddenly be experts," said C. William Brewer, an eminent domain specialist with the Fresno law firm Motschiedler, Michaelides, Wishon, Brewer & Ryan.
Up and down the Valley, the rail authority anticipates spending tens of millions of dollars to buy the land it needs in Merced, Madera, Fresno, Kings, Tulare and Kern counties. The agency hopes to begin construction next year on a stretch of about 30 miles from northeast of Madera to the south end of Fresno -- the first portion of what is ultimately planned as a 520-mile system linking San Francisco and Los Angeles.
But some vocal property owners, including farmers, are loathe to part with their property and have vowed to force the state to use its power of eminent domain -- a potentially costly and time-consuming ordeal.
Read more here: http://www.fresnobee.com/2012/12/25/3113242/valley-land-a-likely-issue-for.html#storylink=cpy
Eminent domain, or condemnation, is a legal process by which a government agency can declare a public need for property and sue to acquire it if the government cannot reach agreement with the landowner. A judge decides whether the agency is entitled to the property; in a second phase, a jury decides the fair market value and other compensation due the owner.
KFI 640 AM John and Ken on California's High Speed Rail
The rail authority last week identified four companies that it plans to hire, at a cost of $34 million, to negotiate the rights-of-way purchases in the Valley: Hamner Jewel Associates of Pismo Beach, Continental Field Services Corp. of Virginia, Universal Field Services of Oklahoma, and Golden State Right of Way Team in Sacramento.
Those four companies will be tasked with not only negotiating with property owners to buy their land, but also to survey, appraise and perform environmental assessments on the properties, handle utility relocation, and provide relocation assistance to businesses and homeowners that will be displaced by the line.
Amtrak Rail Map.
California already has a rail system in place.
But leaving the current system in place means
there is no new tax money to steal.
After the state appraises a parcel, it can make an initial offer to a landowner. The owner has the right to have his own appraisal done at the state's expense.
But if there is a chasm between what the state wants to pay and what the owner believes he or she is due, the state can proceed with a public hearing on what's called a resolution of necessity to seize the land. Negotiations, however, can continue all the way through the process, even into a trial.
"These public agencies typically send out a right-of-way agent, and these guys are pretty savvy," Brewer said. "Their job is to try to talk the property owner into accepting the initial offer and discourage them from talking to an attorney."
Attorneys don't come cheap. Some charge based on their billable hours invested in a case. Some charge a contingency fee based on a percentage of the amount ultimately recovered, while others base their contingency percentage only on what they successfully gain for their client above the government's original offer.
In some instances, if a judge determines that the government's offer was unreasonably low, the court can order the state to pay the property owner's legal fees as part of the award.
Read more here: http://www.fresnobee.com/2012/12/25/3113242_p2/valley-land-a-likely-issue-for.html#storylink=cpy
Read more here: http://www.fresnobee.com/2012/12/25/3113242_p2/valley-land-a-likely-issue-for.html#storylink=cpy
Read more here: http://www.fresnobee.com/2012/12/25/3113242_p2/valley-land-a-likely-issue-for.html#storylink=cpy
Read more here: http://www.fresnobee.com/2012/12/25/3113242_p2/valley-land-a-likely-issue-for.html#storylink=cpy
Los Angeles had the finest public transportation system in the world until the government tore it out in order to spend money on buses.
Democrat Los Angeles votes to go deeper into debt
The bankrupt city of L.A. wants to spend $125 million on a new streetcar that will travel only four miles.
New taxes would be placed on property owners.
Downtown Los Angeles voters have approved a streetcar funding measure aimed at helping the city get people out of their cars.
In a special election, voters supported creation of a tax-assessment district to raise as much as $85 million of the $125 million needed to build a 4-mile trolley loop.
The tax would only be levied on property owners if the project passes an environmental review and receives matching federal funds.
If approved, it could be running by 2015 and would link the Civic Center and far-flung destinations such as Staples Center arena, Disney Hall and the fashion district.
It would run mainly along Broadway, Hill and Figueroa streets. Proponents believe it could see 10,000 riders a day.
The area is already served by buses, shuttles and light-rail lines, but residents say it's still hard to get around. Civic boosters see public transit as one key in restoring the luster of an area that was a thriving center decades ago for dining, theater and shopping.
The last streetcar trundled along downtown streets in 1963 before being supplanted in popularity by more flexible choices provided by cars and freeways.
Pacific Electric had over 500 miles of inter urban track in Los Angeles in the early 1900's. The image shows the "Red Cars" stacked for sinking in Los Angeles Harbor - sunk ostensibly for "fish habitat", but really sunk for General Motors Corporation profit.
The Los Angeles Red Car Rail System Built in 1901. . Government Insanity #1) First you build an extensive light rail system. #2) Then you tear down that extensive light rail system. #3) Now you raise taxes to build another light rail system to replace the light rail system you just tore down. . Yes, the Government is run by idiots.
Socialism 101 - Politicians simply tax those who do not support them and give the money to those who do.
What person in his right mind would start a brand new business in California?
But Democrats are too fucking stupid to figure out that more business means more tax revenue to spend.
For Socialist Democrats it is all about punishing the rich and class warfare.
By Gary;
The election madness is over. Now we return to the "normal" madness that is the People's Republic.
By a 54% - 46% margin, the oppressed Serfs obeyed Comrade Governor Jerry Brown and his labor union Masters and raised income taxes on the "evil" rich . . . you remember the rich. Those bastards that create jobs and wealth. Now billions of dollars will be sucked from the wallets of the Capitalist scum and re-distributed to cover the gaping black holes of government employee union pensions.
Forget the Socialist lies, the school children will see nothing. Higher taxes is all about labor union salaries and benefits. When fully fed the unions then recycle that money to the Democrat Party in the form of corrupt campaign contributions.
If you are a public employee union member you are jumping for joy. But if you are simply a member of the general public then bend over because you are getting fucked with new sales taxes, fewer jobs and more debt.
California has taken the road to Socialist Greek spending, debt, and poverty.
Meanwhile even the "Communists" in China and Vietnam have figured out that being pro-business makes them a shitload of money to spend. But American Democrats are too stupid to understand.
All Hail Karl Marx and equal poverty for all. . . . . unless you are in the unions.
Members of the California Democratic Party Central Committee.
Cities are over the People's Republic are under review for a downgrade in their credit rating
The debt of 30 California cities, including Oakland, Fresno and Sacramento, has been placed under review for downgrades because of economic pressures in the state, Moody’s Investors Service said.
The examinations may affect $14.3 billion in lease-backed and general-obligation debt issued by the municipalities, the New York-based company said in Bloomberg News.
“California cities operate under more rigid revenue-raising constraints than cities in many other parts of the country,” Eric Hoffmann, who heads Moody’s California local government ratings team, said in a statement.
“Combined with steeply rising costs, these constraints mean that these cities will likely recover more slowly than their peers nationally, even if the state’s economic recovery tracks the nation’s.”
Moody’s said it identified the credits as part of a broader review started in August of 95 rated cities in California.
The general-obligation bond ratings of Los Angeles, now Aa3, fourth-highest, and San Francisco, Aa2, third-highest, are on review for upgrades, Moody’s said.
Cities with debt under review for credit downgrades include:
Azusa
Berkeley
Colma
Danville
Downey
Fresno
Glendale
Huntington Beach
Inglewood
Long Beach
Los Gatos
Martinez
Monterey
Oakland
Oceanside
Palmdale
Petaluma
Rancho Mirage
Redondo Beach
Sacramento
San Leandro
Santa Ana
Santa Barbara
Santa Clara
Santa Maria
Santa Monica
Santa Rosa
Sunnyvale
Torrance
Woodland
In addition, the pension-obligation bonds of several issuers were downgraded, Moody’s said, including Downey, Fresno, Oakland, Oceanside, San Leandro and Santa Rosa. . (Bloomberg News)
Bankrupt California GOP Chairman Tom Del Beccaro runs a party that is bankrupt.
The Libertarian Party opens a new headquarters in Sacramento as the GOP closes their offices and fires workers
The GOP goes into the elections totally bankrupt.
The California Republican Party is run by fucking morons.
Just weeks before the November election, the California Republican Party is so awash in red ink that its board has approved laying off staff and vacating the party's main headquarters in Sacramento, reports the San Francisco Chronicle.
The crisis emerged after state party officials, facing an $850,000 shortfall, fell behind in rent, phone bills, payments to Internet vendors and printers, and worried they would have to cut employees' health care insurance payments, according to several Republican sources who spoke on the condition of anonymity.
The Libertarian Party is opening
an HQ while the GOP is broke.
Since then, party officials have reportedly negotiated down the debt, but campaign finance reports are expected to show the California GOP to be at least $450,000 in the red, multiple sources said.
After the state party's board of directors on July 10 approved a plan to close the office, sources said party leaders have made frantic efforts to maintain a Sacramento presence - trying to negotiate a downsized office with four staff members paid by state legislative leaders.
As the debt-saddled California Republican Party is closing its Sacramento headquarters, another political party was quietly making moves to expand its presence in the state capital.
"Two-hundred thirty-six years after the Continental Congress set our nation on a bold experiment in representative government, the Libertarian Party of California embarked on its own bold experiment Monday, July 2, 2012, opening a new office in Sacramento," the state Libertarian Party announced on its website this week. reports the Sacramento Bee.
"The hypothesis of the experiment is that close proximity to California's Capitol will aid the Party in it's efforts to fulfill its purposes as stated in Bylaw 2," the post added. (The misspelled it's is in the original.)
For those unfamiliar with the party's bylaws, that one defines the party's purpose and activities, such as recruiting new members, endorsing and promoting presidential nominee Gary Johnson and other Libertarian candidates, and "developing an on-going political strategy to identify, expose, combat, and defeat the opponents of liberty in the political arena."
The California Libertarian Party, which claims it is the state's fastest-growing political party, now occupies a suite in building on 7th and L streets -- just six blocks away from Republicans' scaled-back operations. At last count, 93,657 Californians had registered as Libertarians, or 0.55 percent of the state's 17.1 million registered voters.
Read more here: http://blogs.sacbee.com/capitolalertlatest/2012/08/libertarians-move-in-as-as-ca-gop-scales-back-sacramento-office.html#storylink=misearch#storylink=cpy
