daveman
Diamond Member
I'll be honest, I don't understand what's so bad about putting money into alternative/renewable energy. I mean, all forms of energy, before they become "big", so to speak, have to start somewhere right?
Do I agree with the state doing it themselves? Yes, and no. I believe that states should pay more attention to alt. energy, but I believe that the biggest breakthroughs in it will come from the private sector.
But at least they're trying, unlike Georgia D:
CA doesn't have the luxury of playing with solar panels and windmills.
http://www.nytimes.com/2012/09/21/us/california-debt-higher-than-earlier-estimates.html
Gov. Jerry Brown of California announced when he came into office last year that he had found an alarming $28 billion wall of debt looming over the state, which had to be dismantled.They need to get their shit together.
Since then, he has slowed the issuance of municipal bonds, called for spending cuts and tried to persuade the states famously antitax voters to approve a tax increase this fall.
On Thursday, an independent group of fiscal experts said Mr. Browns efforts were all well and good, but in fact, the wall of debt was several times as big as the governor thought.
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The task force estimated that the burden of debt totaled at least $167 billion and as much as $335 billion. Its members warned that the off-the-books debts tended to grow over time, so that even if Mr. Brown should succeed in pushing through his tax increase, gaining an additional $50 billion over the next seven years, the wall of debt would still be there, casting its shadow over the state.
LOL! Your state needs to get it's chit together dude. 167 Billion debt for the 8th largest economy in the world with a gross state product of over $1.9 trillion is a spit in a bucket. What state are you in? One of the ones we support with our taxes while you run your own deficits full bore?? LMAO!!
Sorry -- someone whose governor didn't know his state's debt was 6 to 12 times bigger than what he thought it was doesn't get to lecture others on fiscal responsibility.
People and companies are leaving CA every day. Your tax base is leaving. CA's response?
Tax those who remain even more and keep spending money you don't have.
That's not sustainable.