I don't know why
You call some place paradise
Kiss it goodbye
More drama in California.....
The weekend breakdown suggested that Sacramento faces continued partisan conflict of the kind that turned the budget debate into a bitter 15-week stalemate that has stung an already-crippled state economy facing rising unemployment and foreclosure rates.
With the state set to run out of cash in weeks, state leaders have already shut off funding for $3 billion in construction projects and delayed $3 billion in tax refunds, welfare checks and other payments. Officials said that, without a budget, the state faces shutting down another $4 billion in construction on Wednesday and possibly issuing IOUs to keep the state solvent.
By the way, what color is California?
2 comments:
They can't pass a budget and now have to make the hard choice of cutting 20,000 jobs this week.
Hey CA, it sucks, doesn't it? Welcome to our world. This is what happens in the private sector when you deliver a poor product yet keep raising prices. Only difference is in the private sector, misallocated resources are released by layoffs and redeployed back to other productive ventures. Painful but usually short.
You guys are in for a long ride because there is no market for government skills when the government goes belly up.
You've been passing mandated budget increases like prop 98 which basically has put the state on an autopilot to Total Government Domination. But you forgot that the private sector is needed to fund your mammoth boondoggle. And you've been driving the private sector away for 30 years. Then to top it off, I've been reading several CA papers claiming that the root of the problem is the people; for electing leaders that have gotten them into this mess.
Typical California media. Blame the average Joe for the incompetance of a bunch of incompetant lawyers in Sacrimento. Just like you blame your readers for putting you out of business because they are too stupid to pay for your overpriced paper.
THIS IS THE ULTIMATE RESULT WHEN YOU PUT GOVERNMENT IN CONTROL OF THE ECONOMY.
It cracks me up when I hear talk of the current national economic crisis being a signal that capitalism has failed. I point them to every big government in this country to show failure far exceeding the median level of failure. CA is leading the way.
Good bye California. I hope you don't pull us down with you (but I'm sure you will). When you emerge from bankruptcy, you will once again be on your way to being the powerhouse you always should have been. Hopefully, you will learn your lesson, as we all will, that government is the problem, not the solution to most social ills.
Anon
I have to take issue with one thing you said in your comment
This is what happens in the private sector when you deliver a poor product yet keep raising prices. Only difference is in the private sector, misallocated resources are released by layoffs and redeployed back to other productive ventures. Painful but usually short.
That was the old paradigm.
In today's world, prove that you are inept and you get to feed at the government feed bucket. We see that with our current auto industry.
None the less, you make excellent points.
Post a Comment