Posted on 07/22/2016 10:04:30 AM PDT by Sean_Anthony
California's dear leader is killing the golden state: Californians, gird your loins in anticipation of the tax onslaught
“California is definitely back,” Governor Jerry Brown boasted in 2014. Brown then proclaimed the state a “job creation engine,” proving he was still living in the 1960s. However, Brown has shown little stomach for sensible tax and regulatory cuts, and instead pays lip service to the media about how fiscally prudent he is…. everything he touches turns Brown.
For a state $130 Billion upside down in budget debt, and another $750 Billion of long term unfunded public employee pension debt, the estrangement between what the Democrats in charge say and do, and what Californians know and live daily, continues to grow.
I have heard “collapse” the last several years. Can someone please explain what exactly is supposed to happen when the “collapse” occurs? Are we talking a return to the Great Depression? California is so broke that it cannot afford to sustain welfare?
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