California to Run Out of Money in Early March

From the Sacramento Bee:

California will run out of cash by early March if the state does not take swift action to find $3.3 billion through payment delays and borrowing, according to a letter state Controller John Chiang sent to state lawmakers today.

The announcement is surprising since lawmakers previously believed the state had enough cash to last through the fiscal year that ends in June.

But Chiang said additional cash management solutions are needed because state tax revenues are $2.6 billion less than what Gov. Jerry Brown and state lawmakers assumed in their optimistic budget last year. Meanwhile, Chiang said, the state is spending $2.6 billion more than state leaders planned on.

Chiang has outlined some kick the can down the road maneuvers like delaying payments to universities and Med-Cal and “borrowing from existing accounts” which sounds like paying a credit card bill with another credit card. But even that will not be enough:

With such actions, Chiang believes the state would not have to use IOUs or delay tax refunds, maneuvers that have been relied upon in previous years. But Chiang also said that “more cash solutions may be required if our revenues continue to erode or if disbursements significantly exceed estimates.”

California borrows money early each fiscal year because the state has regular monthly expenses but receives the bulk of its tax revenues in the spring. The state borrowed $5.4 billion last fall for this purpose.

Assemblyman Bob Blumenfield, D-Woodland Hills, downplayed the significance of the new borrowing in a hearing. He said $5.4 billion was small relative to the $10 billion state leaders were prepared to borrow last year.

Some Republicans raised questions about when the borrowing from state accounts from would be paid back and why the state is spending more than expected.

Gee, I wonder.

The point is that California is circling the drain and the government there is doing everything they can to slow the decent but there’s nothing they can do to stop the ultimate collapse. You Californians need to get prepared for the day the locals give IOUS to the millions on welfare there. That will look something like this:

That was rioting over the Rodney King verdict. Imagine when California tells people who are getting benefits that they are going to have to wait a few weeks for their food stamps and other benefits.

Video of “Peaceful” Occupy Oakland Goons Running Wild

The worst part of this video – which Occupiers uploaded themselves because they’re proud of it – starts about halfway through. They burn an American flag on the steps of city hall and are dispersed. When police move to put out the still burning flag the cameraman and his friends laugh and joke about the cops “stepping on the flag” and disrespecting it. Then the douche uploads the video with the following description:

Who leaves their door unlocked in Oakland ?!
Another example of the incompetence of the local government in the 510 .
The cop stomping on the flag is such a great metaphor for how the police were acting all day , with their ruthless beatings of unarmed civilians ,exercising their supposed free speech & and right to assemble . I wish someone lit a copy of the constitution on fire ,so the cops could stomp all over that too , with their fat swollen hooves .
Anywhoo….

The real metaphor here is how sheep-like and out of touch with reality these children of privilege are. They go on a crime spree in which they attacked police with bricks and burning flares, destroyed other people’s property (what about their rights?) and then claim it was the police moving in to stop the mayhem who were out of control? And we’re supposed to believe that? Do they believe the First Amendment gives them the right to destroy other people’s property and injure people?

Leaving a door unlocked is an invitation to criminality? If I accidentally leave my front door unlocked while running an errand these people think it’s OK to come in and destroy the place? This is your best and brightest, lefties? Long after the last OWS protest these people will be running the streets with these same backward morals, and many will be living next to you.

In a related note I have stocked up on thousands of rounds of ammunition and am in the market of a couple of extra handguns. Anyone got any suggestions? I’m partial to snub nosed double actions and single actions, and I like utility.

NAACP, Al Sharpton and Detroit Leaders Play Race Card with Emergency Financial Manager Law

Earlier this month, Huffpo reported on the prospect of Detroit having an emergency financial manager. Judging by the article and some of the updates, you’d think the KKK was about to descend on Detroit. And it’s all because of Republican ‘dictatorial’ governor Rick Snyder.

For those of you who don’t know, Detroit has a corruption problem. Former mayor Kwame Kilpatrick is a convicted felon after funneling state money to his wife and lying under oath in a civil trial about an affair. He also pled guilty to assaulting a police officer. He’s been ordered to pay 1 million in restitution to the city and was sentenced to further jail time when he was found to have lied about the state of his finances. Monica Conyers, former Detroit City Council member and wife of democrat Congressman John Conyers, is serving a sentence for receiving bribes from a contractor.

Those are just a couple of examples of a city besieged by corruption. Employees in the school system have also embezzled and misused funds for which former governor, Jennifer Granholm, called in EFM Robert Bobb. Bobb is black and Granholm is a democrat and oddly enough I don’t recall as much of a cry of racism when Bobb was called in, though his tactics to clean up the school system weren’t popular with school officials. Even the Detroit Public Library system thoughtlessly spent over 2 million on furniture all the while the threat of closing of some branches loomed.

With all of this going on, the city is in obvious financial straits. Mayor Dave Bing has been warning the city is near bankruptcy for months and says that without huge reform the city could run out of cash by April.

But for some, the concept that a city has to show it can be responsible with money and get rid of corrupt leaders or face the consequences isn’t reasonable. It must be racism. President of the Detroit NAACP, Rev. Wendell Anthony, compares Detroit having an EFM to going back to the plantation. And race baiter for pay, Al Sharpton, has made a predictable appearance claiming that the EFM law is racially biased and is used against cities with a predominantly black population. He and Congressman Conyers led a protest outside the home of Governor Snyder on Martin Luther King Day. Detroit’s religious leaders and other protestors showed up including members of the extreme leftist group By Any Means Necessary. The religious leaders apparently left to avoid being associated with such a radical element.

There is a lot of misinformation going around about Michigan’s Emergency Manager law. I find it ironic that the people balking the loudest about the state intervening in a financial emergency are the same type of people who think Obamacare and other big government concepts are okay. Public Act 4, the new version of this law, states:

“The legislature hereby determines that the health, safety, and welfare of the citizens of this state would be materially and adversely affected by the insolvency of local governments and that the fiscal accountability of local governments is vitally necessary to the interests of the citizens of this state to assure the provision of necessary governmental services essential to public health, safety, and welfare. The legislature further determines that it is vitally necessary to protect the credit of this state and its political subdivisions and that it is necessary for the public good and it is a valid public purpose for this state to take action and to assist a local government in a condition of financial stress or financial emergency so as to remedy the stress or emergency by requiring prudent fiscal management and efficient provision of services, permitting the restructuring of contractual obligations, and prescribing the powers and duties of state and local government officials and emergency managers…”

The City of Detroit can barely take care of its own trash. It’s had enough of a loss in population that Mayor Bing has proposed moving residents closer together in order to save money on public services. Detroit’s downfall isn’t just bad for the city. It will have a far-reaching impact, especially to the suburbs. However, Detroiters do tend to forget that it’s not the only town around. Do people imagine that Governor Snyder doesn’t have enough on his plate with the rest of the state struggling as well? I have to wonder if they think he lies awake nights in his pointy white KKK hat dreaming of what he’s going to do when he finally gets his hands on Detroit.

I assume it’s the phrase “permitting the restructuring of contractual obligations” that upsets a lot of people in Detroit and cities that have already had an EFM.  Mayor Bing has already stated he needed the unions to be willing to compromise to help the city. Unions never want to hear they are part of the problem. At least one union official is spreading the rumor that the law takes away the right of citizens to vote which isn’t true. This short fact sheet explains the reality.

After demonstrating incredible levels of irresponsibility and corruption, it’s only reasonable that the state step in to help the city and possibly save the state from any further losses.  This already volatile situation doesn’t need race baiters coming in to preach hate. It needs someone from outside of Detroit to work with city officials in bringing the city back from the brink of the precipice of self-destruction it seems so hell-bent to run head on into which is the job of an EFM.

Soros Warns His OWS Movement About to Get More Violent

The connection between former Nazi, known criminal and anti-crime victim advocate George Soros and OWS movement are well documented. Soros was interviewed by Newsweek where he tipped his hand as to what his upcoming plans for OWS will be:

In an interview with Newsweek writer John Arlidge, Soros reportedly said riots on the streets of American cities are inevitable.

“‘Yes, yes, yes,’ he says, almost gleefully,” when asked about the prospect of Occupy turning violent, writes Arlidge.

[...]

In the interview, Soros claimed the Occupy Wall Street movement “is an inchoate, leaderless manifestation of protest.”

However, WND has repeatedly documented the billionaire’s many ties to Occupy, including how the group’s reported nerve center is staffed by professional agitators deeply linked to organizations funded by Soros.

Those groups, most prominent among them being the Tides Center, have been involved with Occupy since the anti-Wall Street movement’s inception.

Tides functions as a money tunnel in which major leftist donors provide large sums that are channeled to hundreds of radical groups.

The Tides-funded Adbusters magazine is reported to have come up with the Occupy Wall Street idea after Arab Spring protests toppled governments in Egypt, Libya and Tunisia. The Adbusters website serves as a central hub for Occupy’s planning.

Sounds like Soros sees this spring and summer as the perfect opportunity to overthrow the United States with an army of young, violent leftists. The Daily Beast article which WND is quoting from has some more interesting quotes, including this one:

If there is a glimmer of hope for the world in 2012, Soros believes it lies in emerging markets. The democratic-reform movement that has spread across the Middle East, the rise of democracy and economic growth in Africa, even reform in Russia may yet drag the world out of the mire. “While the developed world is in a deep crisis, the future for the developing world is very positive. The aspiration of people for an open society is very inspiring. You have people in Africa lining up for many hours when they are given an opportunity to vote. Dictators have been overthrown. It is very encouraging for freedom and growth.”

Since radical Islamists have taken over most of those countries it’s disturbing to see Soros claim that is the “freedom” and “growth” he’s hoping for.

The OWS crowd has been desecrating churches, attacking police in brick attacks and they have bailed out one of their own who was arrested for illegal carry. Are they now 2nd Amendment fans? Not so much, the person they bailed out is a violent wife beating degenerate. Just the kind of person you want on the streets if you’re planning “Arab Spring” style riots.

Get prepared for civil unrest, and I’m not just talking about the “battle rattle” survivalists like to waste money on. You aren’t going to be running around in your level III vest with an AR-15 when one of these riots break out. But a good leather jacket offers substantial protection against a Manson loving hippy’s knife attack and a little bear spray is a nice addition to your edc if you live near an OWS hub. A fog of powerful chemical deterrent will probably be more effective on the doped up OWS mob than a pistol.