The responses below demonstrate an understanding of the power of the principles of Death Of Democracy & that only We The People of substance can turn this power back - but we better do it quickly.
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Well written article.
If you were unemployed, and getting unemployment checks, foods stamps, etc. WHO would you vote for in an election - someone who would continue that policy - and that is what CA did.My own personal view - in several years, contrary to the opinion of the oblivious, U.S. will no longer be a strong country because of all the debt we owe which cannot be repaid. Government might try to do it by decreasing the value of the U.S. dollar over time which only makes matters worse.
Did you know China and several other countries are buying outright "toll roads" in various states with our dollars? They have so many dollars like you mention, they do not care how much they pay for those roads. Why are states selling "toll roads?" - to get revenue to balance their budgets.
It's a no win situation for the U.S. and also for the states and cities.BTW, Republicans will have a hard time improving the economy, creating jobs, etc. If they fail - 2012 goes to the Democrats & BO.
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It is scary to think that by 2030 what the Chinese gentleman is saying could be true!
Three appropriate California anecdotes:
ReplyDelete1) Why does U-haul charge nearly three times as much to rent a van from Los Angeles to Austin, Texas? Because the flow of moving vans is from California to Texas, and not the other way around. Whenever a van goes to Texas, U-haul has to pay a driver to bring it back.
2) A friend of our FairTax State Director had a light manufacturing business in California. Underscore "had" - in the past tense. After complaining about taxation and regulation, my friend's friend decided to do something about it. He moved his business to South Dakota.
3) My daughter, this past September, started a position in the energy loan syndication unit of Union Bank of California in Los Angeles. Her bank was then acquired by Bank of Tokyo Trust Company - her new indirect employer.
The Golden State has much to offer, folks, but it is becoming increasingly difficult for it to overcome government mismanagement.