"All issues were corrected and identified before the final report was published, and not one cent of taxpayer dollars was affected.” Maybe someone can explain to me why this is a big deal when the issues were identified and corrected before the final report was published?
Liberals don't need facts. If people don't like the way democrats are running detroit... I mean california to the ground, they can move (.... and surprisely a lot of people have...). Oh well, good luck calfornia; you were once a hot babe.. now, you are just becoming a two bit escort.
Wow. Great Dance moves. It's MATH, They lied. No trial needed. - - - Updated - - - It's the Special Left Gift.
I guess you could make the claim that they wouldn't have been corrected if not for the audit. That's my assumption but I tend to be cynical and expect the worst.
That's what audits are for, but the issues were corrected before the final report was released. So I'm having a hard time understanding why its such a big deal? Maybe I don't understand something about how the California budget system works.
Well, you know good and well there's a huge amount of faux outrage. As always. If I'm not outraged about something libruls are doin what am I gunna do?
All issues were corrected and identified before the final report was published, and not one cent of taxpayer dollars was affected. Maybe someone can explain to me why this is a big deal when the issues were identified and corrected before the final report was published?
That was what I was wondering too. Can someone explain this to me? If the issues are corrected, how would this effect any new spending?? *confused*
California Governor Jerry Brown’s and State Controller John Chiang’s staff refused to go on camera and answer questions as the news broke. To give a perspective on the size of the accounting misstatements discovered by the Bureau of State Audits, the $31.65 billion in errors equals about a third of California’s $96.3 billion General Fund Budget for 2013-14. That is one huge accounting screw up. And they wanted to pass a huge increase in the next spending bill! I think Brown and company weren't expecting the audit that caught them in such a huge miscalculation. I do see this as a big deal since the government is spending taxpayer's hard earned money. Someone needs to find out who the genius accountant is and fire him.
You really really need to read past the headline.. From your own article ffs "Instead, the surplus has set off a debate about the durability of new revenues and whether the money should be used to reverse some of the spending cuts or set aside to guard against the inevitable next economic downturn." Why is this? "The debate reflects uncertainty about whether the revenue is a one-time event, a result of state taxes on wealthy residents selling off investments at the end of last year to avoid increased costs as the Bush-era federal tax cuts expired. " And then the clincher "Brown, a Democrat with a fiscally conservative streak, said he would oppose significant increases in new spending and that the money should go into a rainy-day fund. His administration put out the lower $1.2 billion estimate." So no this isnt the ebil GoP!!
Was it? As the former Treasurer of Orange County, California it is my preliminary judgment that under state law the negative $7.847 billion impact from overstating general fund assets and revenues and overstating deferred tax revenues may create an “on-budget” deficit And this from a "Brietbart" columnist. We all know how objective and honest Brietbart is. This is starting to smell like yet another RW propaganda faux crisis again.
Please notice when this thread was started. Molon resurrected it from the grave to attempt to crow about today's audit. This thread is not about "time for new spending". This thread was about pointing out that conservatives predictions of California's economic collapse when it was facing a huge deficit were, as always, nonsense.
I did and i actually countered your positions in your OP with.... your own OP. Here we are moving the goal posts again to deflect from your "crowing"..
