“I feel we owe such a rational effort to all that have gone before us. “
Me too. But it will be an uphill fight, because the RATs in Sacto are bent on imposing a Marxist Society here in CA on all of us. Personally, although it might be severely detrimental to me personally, I can’t wait for the State of California to go broke! I know that under the Constitution that a State can’t go bankrupt, but when they are unable to pay their creditors, as is quite likely in the near future, it will amount to the same thing. And it will sink the businesses that have come to depend on the state for their existence.
I’m going to write the Howard Jarvis tax people to see if they have such an amendment in the works.
“I know that under the Constitution that a State can’t go bankrupt”
This is not at all clear. It’s just never been tried before.
Native Californian here. I’m convinced California should be and will be the first state to declare bankruptcy. All that it would take to put our financial house in order would be a bankruptcy court-ordered abrogation of all the public employee union contracts and pension plans that are killing us.
So you know what that means, fifty-year-old retired prison guards with free lifetime medical care and hundred grand a year pensions? START LOOKING FOR A JOB!
Not true. During the canal building era of the 19th century at least one state (Indiana) if not more did go bankrupt.
It is federal law (Chapter 9) and not the Constitution that prevents states from declaring bankruptcy. Congress and the President can change Chapter 9.