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CALIFORNIA COMMITS SUICIDE

 
Anonymous Coward
User ID: 1443329
United States
01/20/2013 10:58 PM
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CALIFORNIA COMMITS SUICIDE
On November 6, Californians voted to destroy their state. Other than a brilliant piece by Charlotte Allen entitled “Decline and Fall” in The Weekly Standard, there has been almost no national media attention on this extraordinary event

Over the last several years California has witnessed a mass exodus of industry and intellect. Some 200 successful businesses and thousands of entrepreneurs have fled this mecca of over-regulation, bounty-hunting attorneys, and over-taxation. California is reaping a bitter harvest, experiencing unemployment topping 10 percent. Rather than logically learn from last year’s lesson, a majority of the state’s legislators seem entirely unimpressed by that unemployment figure and are quite willing to make it grow much, much higher. They rejoice in passing ever more costly regulations and welfare benefits, exacerbating what is now the most inhospitable environment for business in the United States. The foreseeable consequences of California’s rush to regulate and tax everything are a significant worsening in the state’s unemployment rate, lower tax revenues despite tax increases, and great increases in the state’s debt due to mushrooming welfare and social services.

Charlotte Allen is quite right when she defines California as America’s Greece. California’s collapse will presage the collapse of the entire nation. It is as if California were a fiscal black hole into which all matter is being drawn into oblivion. Everything will come crashing down as revenues are so outpaced by debt that no one will trust the state to pay its bills. Contractors will look askance at California: If I enter into a multi-year contract with California to construct something will the state meet its obligation to me or will it default? Good bet, California will have no choice but to default.

[link to www.newswithviews.com]
Anonymous Coward
User ID: 28239767
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01/20/2013 11:08 PM
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Re: CALIFORNIA COMMITS SUICIDE
CA is not going down the drain...it's already at the settling pond.

I worked at one of the Toyota part manufacturing facilities and watched as it was sold off to a Mexican company....300 jobs, (and tax revenue) gone. It just didn't make economic sense to stay here,...just too expensive to run....can't blame them really.
Anonymous Coward
User ID: 28811763
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01/20/2013 11:19 PM
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Re: CALIFORNIA COMMITS SUICIDE
They voted in a multi-billion dollar train from LA to San Francisco at a time when they were billions in debt.
Anonymous Coward
User ID: 9231012
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01/20/2013 11:25 PM
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Re: CALIFORNIA COMMITS SUICIDE
Once everyone realizes buying anything from or living in California is an irradiated death sentence to people that care about their health and the health of their family tree, California will be declared "off the records, of course" a dead zone.

Lots of people "in the know" do not consume foods from California and even the wine anymore.

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