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Wednesday, May 20, 2009

California Bailin'

After Californians soundly rejected a number of ballot measures designed to right the State's fiscal ship via tax increases, most believe the Golden State's next move will be turning to indebted Uncle Sam for a bailout.

At Townhall.com, George Will explains a likely outcome of USA Inc. buying out the State of California:

Now California's mostly Democratic political class will petition Washington for a bailout to nourish the public sector that is suffocating the state's dwindling -- and departing -- private sector. The Obama administration, which rewarded the United Auto Workers by giving it considerable control over two companies it helped reduce to commercial rubble, will serve the interests of California's unionized public employees and others largely responsible for reducing the state to mendicancy.

These factions will flourish if the state becomes a federal poodle on a short leash held by the president. He might make aid conditional on the state doing things that California Democrats and their union allies would love to be "compelled" to do: eliminate the requirements of two-thirds majorities of both houses of the Legislature to raise taxes and pass budgets, and repeal Proposition 13, which voters passed in 1978 to limit property taxes. These changes would enable the Legislature (job approval: 14 percent) to siphon away an ever-larger share of taxpayers' wealth and transfer it to public employees. Such as prison guards, whose potent union is one reason California's cost-per-inmate (about $49,000) is twice the national average.

2 comments:

  1. Speaking of California, did you know that residents do not pay any instate tuition for any of their college education? Can you imagine how much that cost? We should not bail any body out anymore. OBama needs to slow down, Haste makes waste or should I say, its all about covering up whats going on. Speed reader in congress! Congress and the president think we are ignorant. Vote them all out next time around.

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  2. That is not true David - it costs California residents money to go to college - it is just less than out of state students.

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