Musings on California – 2030 – Part 5 – Should we let California back in?
With the collapse of the California economy, the emigration crisis created by their policies of political oppression and economic strangulation, and the massive government borrowing driven by their policies of the out-of-control welfare state, massive borrowing, and shrinking tax base, political leaders in California last year came back to the federal government to ask for re-admittance into the United States. The debate is heating up this year, and led to this series of articles. I left the political and economic oppression there, and I am convinced that the political structure of California is unrepentant. They are simply looking for a bailout. I paid the excessive taxes in California for years, I don’t want my federal taxes going to bail out an essentially irresponsible governing structure.
There are some who feel sorry for California, who say we should loan them the money necessary pull the state out of its bonding malaise. Of course, a lot of US lenders kept lending money to California as it continued its spending spree, and now its bailout by the feds is the only way for them to recover their money. The government unions will not take a cut in pay or… Read More