Let's Put This Baby To Bed!!
Only $1.8k More ENDS
OUR FR FReepathon!!
Posted on 11/07/2010 5:20:30 PM PST by chickadee
You've racked up nearly $70 billion in general obligation debt, and that doesn't include your $500 billion unfunded pension liability. Your own analysts predict you'll face a hole of at least $80 billion over the next four years.
Your government's run by a brothel of environmentalists, lawyers, public-sector unions and legislative bums. When they're not taxing or spending, they're creating regulations and commissions like the Board of Barbering and Cosmetology and the California Blueberry Commission. Many businesses would leave if it weren't for your sunny climate.
---> snip <----
You appropriately give your government low marks—28% approval for outgoing Gov. Arnold Schwarzenegger, 16% for the legislature—yet you continue to re-elect the politicians who got you into this mess. Not a single incumbent state legislator lost re-election this year, including one Democrat who died a month ago (no joke). What's scarier is that you've just given almost all of the keys to statewide offices to Democrats.
(Excerpt) Read more at online.wsj.com ...
Soon it’ll be 100% and then you can apply for that first set of welfare payments.
A good will gesture to Latinos, the U. S. should return California to Mexico.
Obviously, they're trying hard...
Of course the exact same thing will happen to the rest of the country eventually.
Bet the rent.
Reminds me of the video of Two Democrats Stuck on an Escalator
That's all.
On Jan 1 cap and trade regulations put in place by AB 32 will begin. Look for California gasoline to approach $5 per gallon.
No bailouts for states. Quantitatively ease Bernanke and the rest of the plunderers into jail cells. Eliminate the FED. We the people, our children and grandchildren are not debt slaves for elitist con-men.
In fact, some experts think the fedgov debt is so great, it will never be paid, and will eventually, destroy what is left of our economy and the *entire* middle class.
“They’re a mess and no one can fix them”
I’m sure the other states can, and will end up being forced to, do just that.
Au contraire. Someone is going to fix California. The plan is for the FED to buy California’s bonds as part of quantitative easing. No one has picked up on this. The Fed stated that they were going to buy bonds—but not limited to Treasuries. They’ll bail out New York too.
So, the rest of America gets stuck with the bill. Even though Obama can’t do it politically, the Fed can do it becasue there is no public accountability. Another reason the FED needs to be blown up. It is run by the big BANKSTERS like Citibank, Morgan, and Goldman. They make money without breaking a sweat—at our expense.
And for the record, if the states requests it, I hope they are denied, as I would love to see these tens of thousands of government employees at all levels, have their lottery style government pensions slashed, hacked, reduced and eliminated in many cases.
I’ll be the guy throwing the big party!
One out of 500?
According to Forbes:
States whose debt liability per capita is worse than California’s: Rhode Island, Illinois, Washington, Delaware, New York, New Jersey, Hawaii,Massachusetts, Connecticut (the last 4 states listed have more than 2X the per capita debt as CA)
States whose pension liability per capita is worse than California’s: Minnesota, Wyoming, New Mexico, Hawaii, Colorado, Wisconsin, New Jersey, Illinois, Connecticut, Alaska, Ohio, Rhode Island (the last 4 being 35%-55% greater than CA)
States whose Gross State Product ($Bil) per capita Gross State Product is less than California: All of them.
If you want more ranting goodness - you may want to access the Forbes data to sort the states by pension debt, general debt and per capital GSP (California’s GSP is about 15%)It will give you more states to hate unless you really just have a thing for California.
http://www.forbes.com/lists/2010/44/debt-10_Global-Debt-Crisis_Rank.html
No bailouts for Ohio, Delaware or Illinois.
I am waiting for California to ask for a bailout. This would be the time for the GOP House to say NO.
Other states have been subsidized and/or bailed out by California for years now and they weren’t complaining.
Fair weather friends and one-way streets.
Here’s a good article about CA’s unappreciated subsidizing of other states and how it must stop:
California Keeps Subsidizing Other States
“It’s no secret that California taxpayers keep the federal government afloat. It’s also no secret that the Golden State has traditionally received far less in return than other states. In fact, California only gets 78 cents for every tax dollar it sends to Washington DC. Just seven other states receive a worse deal. So, it’s about time that the feds started sending more money to the Left Coast, especially during the economic downturn. And it’s past time that Governor Arnold Schwarzenegger and state Democratic leaders started demanding more funds from the feds. “
Excerpted - More at the link:
http://www.eastbayexpress.com/92510/archives/2010/01/04/california-keeps-subsidizing-other-states
Oh Gezzzz...lol...Thanks for that link...
Do me a favor, if ya come across anymore data regarding this, ping me.
—I lived there a couple of times back when Moonbeam was governor the first time—wasn’t nearly as crazy then—
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