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Why conservatives should want to bail out California
The Daily Caller ^ | 12/27/10 | Peter Tucci

Posted on 12/27/2010 5:21:08 PM PST by Nachum

It’s looking increasingly likely that California will get bailed out by the federal government. The Golden State is $70 billion in the hole. Analysts expect that figure to reach $150 billion within four years — and that’s not including the state’s $500 billion unfunded pension liability. Spending needs to be cut dramatically, but it won’t be; the state is too politically dysfunctional to do that. And the election of big-spender Jerry Brown will only make things worse. (Incidentally, Governor-elect Brown recently described his state’s budget problems this way: “It is much worse than I thought. I am shocked.”)

Most conservatives are adamantly opposed to bailing out any state, especially California. They argue that Californians in particular don’t deserve a bail out, that a bailout would set a bad example for other states, and that it would cost too much.

But these arguments assume that a bailout of California would come with no strings attached. That may be what ends up happening, but it doesn’t have to. It’s possible to make the bailout contingent on Sacramento making drastic budget cuts and passing constitutional amendments that radically reform the state’s political system.

And the state’s political system is certainly in need of reform. Some ideas: Scaling back the state’s maze of regulations; eliminating some of its hundreds of unnecessary boards and commissions; imposing a real spending cap (the current one is too high to make a difference); laying off state employees; and reducing future pension obligations.

(Excerpt) Read more at dailycaller.com ...


TOPICS: Business/Economy
KEYWORDS: bail; cabudget; california; conservatives; idiocy; out
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To: Nachum

“It’s looking increasingly likely that California will get bailed out by the federal government.”

####

Clear grounds for secession.


21 posted on 12/27/2010 5:39:37 PM PST by EyeGuy (RaceMarxist Obama: The Politics of Vengeance)
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To: Nachum

Let it die.


22 posted on 12/27/2010 5:39:37 PM PST by PzLdr ("The Emperor is not as forgiving as I am" - Darth Vader)
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To: wally_bert
The liberals in Kaulifornia would probably opt for mass suicide before accepting one of those conditions.

They'll accept them to get the money. They'll lie through their teeth about actually complying with them. There's no deal you can make with them they'll be able to hold up their end of. They don't know how.

23 posted on 12/27/2010 5:39:46 PM PST by tacticalogic
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To: Nachum
And the state’s political system is certainly in need of reform. Some ideas: Scaling back the state’s maze of regulations; eliminating some of its hundreds of unnecessary boards and commissions; imposing a real spending cap (the current one is too high to make a difference); laying off state employees; and reducing future pension obligations.

I think we should sell California to the Chinese as a start in buying down our debt.

In general, they are both socialist commies and would get along okay.

24 posted on 12/27/2010 5:41:26 PM PST by EGPWS (Trust in God, question everyone else)
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To: Nachum
Just watch, it will be "Bail us out of the mess we've got now and we'll fix it." Just like "Give us this one amnesty program, and then we'll secure the border".

As soon as they've got the money, kiss it goodbye along with whatever they promised in exchange.

25 posted on 12/27/2010 5:45:25 PM PST by tacticalogic
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To: Nachum

Conservatives in Kalifornia are against all bailouts!

This state MUST learn it’s lessons the hard way!


26 posted on 12/27/2010 5:47:56 PM PST by Randy Larsen ( BTW, If I offend you! Please let me know, I may want to offend you again!(FR #1690))
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To: tumblindice
Bail out California or wipe the First Lady’s a** with my bare hand.

That isn't a choice that is compatible with a society based upon personal freedoms.

That is a choosing of sentencing for hard core criminal actions.

27 posted on 12/27/2010 5:49:21 PM PST by EGPWS (Trust in God, question everyone else)
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To: tacticalogic

Another thing to tack on for their acceptance would be the numerous buried neutron bombs throughout the state that will be set off accordingly when the terms of the bailout are violated.


28 posted on 12/27/2010 5:49:30 PM PST by wally_bert (It's sheer elegance in its simplicity! - The Middleman)
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Comment #29 Removed by Moderator

To: ThunderSleeps

As a marooned conservative in CA, I AGREE!!

The liberals need to be taught a lesson: MONEY DOES NOT GROW ON TREES!!!!

And let Brown sink with the state, the fools voted for him, they can reap the consequences.


30 posted on 12/27/2010 5:50:58 PM PST by TruthConquers (Delendae sunt publicae scholae)
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To: wally_bert
Another thing to tack on for their acceptance would be the numerous buried neutron bombs throughout the state that will be set off accordingly when the terms of the bailout are violated.

They'd dig them up and give them to Al- Qaida.

31 posted on 12/27/2010 5:52:11 PM PST by tacticalogic
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To: Nachum

Dear CA, we have received your request for funds to cover your indebtedness. DENIED.


32 posted on 12/27/2010 5:53:11 PM PST by JPG (There is hope for America and her name is Sarah.)
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To: Nachum

Didn’t California boycott Arizona for SB1070? Why should we want to bail them out again? So we can force them to lie to us? I don’t think so.


33 posted on 12/27/2010 5:54:53 PM PST by RC one (WHAT!!!!)
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To: Nachum

Bailing out CA is GM-UAW bailout x 1000

Let CA go bankrupt.


34 posted on 12/27/2010 5:57:05 PM PST by y6162
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To: Nachum

If I was king of the world i would tell california if they even hint at asking for a bailout, they will lose their statehood and be made a territory and be charged ten billion dollars for the paperwork. non payment will result in the california territory being auctioned off to the highest bidder. I would consider trading straight up for Alberta if canada is interested.


35 posted on 12/27/2010 6:01:19 PM PST by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
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To: Nachum
Why conservatives should want to bail out California

BS. This conservative has not even the remotest desire to bail out California. They made their bed, now they can lie in it. As a taxpayer, I do not want a single taxpayer dollar to go towards rewarding the irresponsibility, malfeasance, and downright stupidity of California politicians and the idiot California voters who continue to elect them for office in light of their repeated failures.

Bail out California?

HELL NO!!!

And just to let you know, I no longer purchase California produce. I will go out of my way to purchase Mexican tomatoes just so I don't put a dime into California. If they are stupid enough to re-elect Jerry Brown and Barbara Boxer, they don't deserve my business. Let them rot. And let their elitist liberal tax-avoiding bond holders rot as well. Screw 'em. Have I made my point?

36 posted on 12/27/2010 6:02:29 PM PST by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
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To: cripplecreek

As bad as it is here in Michigan, at least we elected a RINO governor and a Republican legislature.


37 posted on 12/27/2010 6:04:12 PM PST by bwc2221
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To: EGPWS; All

That was really rude of me, sorry. I’m not feeling at all well. Signing off to put my head down.


38 posted on 12/27/2010 6:04:14 PM PST by tumblindice (Baby made a boom-boom)
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To: Nachum
It’s possible to make the bailout contingent on Sacramento making drastic budget cuts and passing constitutional amendments that radically reform the state’s political system.

This will happen anyway if they don't get bailed out.

39 posted on 12/27/2010 6:04:56 PM PST by Vince Ferrer
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To: EGPWS

Northern California is already owned by the Chinese!! Just go in to any Costco.


40 posted on 12/27/2010 6:06:03 PM PST by TrumpisRight (Proud Moose head....)
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