Writing about the future of the (once-)Golden State, Victor Davis Hanson opines, “Public money in California running out is, in fact, a solution of sorts“:
The philosophy that led the state to the highest tax rates in the country, along with the near-worst schools, largest deficits, and most crumbling infrastructure, was reaffirmed. Now California’s state government will have to deal with the reality that if the highest-tax state in the union raises taxes still higher, it will lose even more high earners than the current 3,000 who leave each week. A Republican Congress is not likely to bail out a bankrupt California.
“The problem with socialism,” Lady Thathcer once quipped, “is that eventually you run out of other people’s money”.
Seems like Jerry Brown’s going to learn that soon enough.
Oh, they will be demanding federal bailouts soon enough. They just must not get them.
Who knows. It might take a moonbat, Brown, to finally tell the CA public employee unions that they seriously have to take some pay and pension cuts.
(rolling laughter dies slowly away)
Classic Thatcher on Socialism: http://www.youtube.com/watch?v=okHGCz6xxiw
No Bail-outs period. Not for the states, not for cities/towns, not for the financial sector, not for the “Too Big To Fail” corporations.
As for CA – you elected these bozos, now accept the consequences. Perhaps you should have de-criminalized pot because you’re gonna need something to help get you thru the living hell that’s coming.
Roger, I mostly agree. But:
No. ‘Fraid that Dan, myself and several other CA commentors here, did not.
And Thatcher’s famous quote also illustrates why Europe has been so gung ho about Kyoto, and it has nothing to do with global warming or the environment. It has everything to do with the fact that European socialists have run out of other people’s money and they want to redistribute America’s wealth.
ILC,
No, but you do choose to live where you have to deal with the consequences. 😉
Gov-Elect Kaisich (Oh bnl, where are you now…) has already said he’ll kill the porky C3 railroad. If he governs Christi style, we’ll be much better soon enough. Come to Ohio,
I completely agree with the no bail outs.
As a child I used to think you could get as much money as you wanted if you just went to the bank and asked for it, and it seems like bailing states and cities out will keep them thinking just like a child.
Government needs to realize that there isn’t a magic money tree that produces enough money to pay for every want. There are limits on what a government can do.
I think the only positive with regards to the democrats taking everything in California, is that in order to pay for the needs they are going to have to screw over some of their constituents (unions are going to get bitten and won’t be able to blame it on the republicans). Basically the democrats are going to have to start eating their own, and in some ways it is probably better that there isn’t a clear GOP fall guy to blame. Although I guess they will blame the GOP house for not giving them a bail out.
As a tax payer I am sick of bail outs.
As stupid as you feel in California today, how stupid do you think they feel in Illinois where they elected Blago Jr. as governor.
The 3000 wealthy cockroaches scurrying out of California? That’s based on what – exit visas or just some number Hanson pulled out of his butt? Or, are these poor oppressed fiscal refugees head counted when the Welcome Wagons pull up for a shit-howdy-meet-and-greet when they arrive at their new digs in Nevada, Wyoming and West Virginia?
This tsunami that rolled over America on Tuesday was all about bailouts and the economy. Folks in the fly over states are very angry about the bailouts because we understand quite well that the Federal government cannot continue to spend money this generation and the next two to come don’t have. So California should not expect a Federal bailout anytime soon. And if it happens (probably by Presidential fiat), then watch out America, the anger will escalate, especially if the economy is not allowed to create jobs in the most successful manner, i.e. with tax cuts for small businesses combined with relaxation of onerous regulations.
I will make sure to contribute to any advertising campaign that Arizona starts encouraging folks to move here.
Yeah, well… in part, it’s called “family obligations”.
#13
I understand those. Recent comment of mine. “I love you and miss you Dad, just not enough to move to FL.”
Still, just ship the family to OH, (or TX if you want the heat) 😉
I’m looking at West Virginia and Tennessee myself. Maryland is basically California, except with the Federal Behemoth on our doorstep.