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mysteryman

Tax Revolt in California

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California has got to be the most mismanaged state in the nation when it comes to financing. $42 Billion over budget, unable to pay back state tax payers $4 Billion in refunds, laying off state workers, closing office buildings and pulling back public services and more!

California cannot even borrow its way out of this mess due to having the lowest credit rating of all 50 states.

We do not need to worry about California sliding into the ocean due to the next great quake, nor an out of control wild fire burning up the state, not even the droubt is as threatening as the real problem California is facing. The California tax payer need to worry about the legislators of California that has been trusted to run the state government.

I would be on watch in your state for the same event playing out very soon. Legislators need to take responsiblity for this out of control spending and insane borrowing with no plans on paying it back.

Articles below supports what I am talking about:

http://www.sacbee.com/ourregion/story/1600441.html

http://www.cbsnews.com/stories/2009/...n4776421.shtml

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  1. Melonie's Avatar
    No worries for Californians ... Obama's stimulus spending bill includes tens of billions of federal taxpayer dollars that will be handed over to California (and New York and other 'blue states)

    [url]http://article.nationalreview.com/?q=YjcyODIyZGM2MGU1ZDdkNDgxZDc3OTNjYjM4ZDY1ODI=[/url]

    (snip)"One of the ugliest aspects of the stimulus package is a bailout for spendthrift state legislatures. Remember the old fable about the ant and the grasshopper? In Aesop’s version, the happy-go-lucky grasshopper realizes the error of his ways when winter comes and he goes hungry while the industrious ant lives on his stores. In Obama’s version, the federal government levies a tax on the ant and redistributes his wealth to the party-hearty grasshopper, who just happens to belong to a government-employees’ union. This happens through something called the “State Fiscal Stabilization Fund,” by which taxpayers in the states that have exercised financial discipline are raided to subsidize Democratic-leaning Electoral College powerhouses—e.g., California—that have spent their way into big trouble."(snip)

    (snip)"In sum, this is an $80 billion boondoggle that is going to reward the irresponsible and help state governments evade a needed reordering of their financial priorities. And the money has to come from somewhere: At best, we’re just shifting money around from jurisdiction to jurisdiction, robbing a relatively prudent Cheyenne to pay an incontinent Albany. If we want more ants and fewer grasshoppers, let the prodigal governors get a little hungry"(snip)