California Spending May Doom The Boom

IBD ^ | 3/10/17 | Terry Jones

[198ml]

California has had its share of calamities in recent years: Drought, followed by massively heavy rains. Multiple secession movements. A sharp demographic and economic split between the wealthy coastal elites and rural inland dwellers. Soaring pension liabilities. The departure of thousands of the state's businesses.

But none of these have been as disastrous as California's self-inflicted fiscal wounds, which have made the state's finances not only highly volatile but threaten the state's very future as a center of innovation and technology.

[eyeamok]

“California’s population still grew overall, due to immigration and in-state births. But those who left took a net $26 billion in annual income with them.”

Sanctuary really pays off big.!

Chump Change for a State like California.

We currently SPEND $69,315,068 DOLLARS Every Single Day just to keep the 3 million Illegal Aliens in this State.

President Trump should tell California to GO POUND SAND when they call asking for money.

Californians bear an enormous fiscal burden as a result of an illegal alien population estimated at almost 3 million residents. The annual expenditure of state and local tax dollars on services for that population is $25.3 billion.

http://www.fairus.org/publications/the-fiscal-burden-of-illegal-immigration-on-california-taxpayers

[rb22982]

Let me rephrase - default on its debts. Whether or not they are allowed to declare bankruptcy and reorg is another story, but they will default.

[American in Israel]

With Jerry Brown diverting federal funding into buying votes from illegals after the state Electoral vote was removed California will never be free again.

[exDemMom]

I think that is a little deceptive in representation of real economy. CA might have a higher GDP than other states, but when you factor in the population, CA drops dramatically.

If you peruse various sites, what becomes clear is that per capita, CA falls behind several other states. I found this article quite informative, since it normalizes GDP and cost of living to come up with a measure by which states and countries can be compared "apples to apples" on a per-capita basis. On that basis, CA is fairly high--but certainly not the 6th highest. And every other foreign country falls behind the US and most US states when compared individually.

Furthermore, CA has some serious policy and societal issues that can only serve to bring it down. If it were to secede from the US, I think its trajectory would be very similar to that of Venezuela.

[Nifster]

The Left likes spending other people’s money. They have no ability to stop

Same is true for those pukes of both parties in DC

[umgud]

CA is going off the cliff. Will it crash or just slowly devolve into 3rd world status?

[ridesthemiles]

For anyone with horses who is ready to bolt Calif- I have a 5.58 acre property for sale all set up for horses. Contact me.

[Mastador1]

I think you mean there was a boom despite moonbeam's father whose wonderful stewardship made Ronald Reagan possible.

[georgiegirl]

HERE! HERE!

[Boomer]

Geographically I really like Cali. Demographically and politically I can’t stand it these days. When I lived there from 1980-2000 it was pretty good until the early to mid 90’s when it started getting over run by the Southern invasion. Ruined it completely for me. We got the dregs of Hispanic society and not the good ones so it was easy to cop an attitude against them just by their attitudes, crime, and culture. They made it clear they had no intention of assimilating or to even try to Americanize. They were and are invaders plain and simple. If they could cut the Hispanic population in CA to 1/10 of it is now; maybe just maybe it could be salvaged. Otherwise I don’t see how it could. Breaking it up would help. It would have helped much more 20 years ago.

[Tzimisce]

It’s a socialist state.

Karl Marx HATED the middle class.

Every idea he had was for GETTING RID of the middle class.

You can’t use his ideas - not open borders, not high income taxes, not free education for all - none of it to help the middle class.

But middle class Marxists keep voting for it.

California is a Socialist state.
It is a Marxist utopia.

[Tzimisce]

When I said “There never was a boom.” - I meant in the past 20 years.

They certainly haven’t had a boom under Obama (like all these liberals dirt bags keep telling me there was.)

[Freedom_Is_Not_Free]

True. Nobody is booming lately. You can’t boom while the commie Dems are doubling the national debt and doing their best Cloward-Piven act.

[Pelham]

"Californians bear an enormous fiscal burden as a result of an illegal alien population estimated at almost 3 million residents. The annual expenditure of state and local tax dollars on services for that population is $25.3 billion."