California as a warning for America

[WillowTree]

and we won't even mention Detroit.. will we??

 

[alan1]

Congressman Tom McClintock offered remarks in Washington , D.C. , on Friday to the Competitive Enterprise Institute and Pacific Research Institute that clearly illustrate why California is facing such a large fiscal mess. His beginning joke is so funny because it is so true:

"I know that everybody likes to poke fun at California - but I can tell you right now that despite all of its problems, California remains one of the best places in the world to build a successful small business. All you have to do is start with a successful large business."

Here is the rest of the speech:

Laugh if you will, but let me remind you that when these policies finish wrecking California, there are still 49 other states we can all move to - and yours is one of them.

I should also warn you of the strange sense of déjà-vu that I have every day on the House floor as I watch the same folly and blunders that wrecked California now being passed with reckless abandon in this Congress.

We passed a "Cash-for-Clunkers" bill the other day - we did that years ago in California .

Doubling the entire debt every five years? Been there.

Increasing spending at unsustainable rates? Done that.

Save-the-Planet-Carbon-Dioxide restrictions? Got the T-Shirt.

To understand how these policies can utterly destroy an economy and bankrupt a government, you have to remember the Golden State in its Golden Age.

A generation ago, California spent about half what it does today AFTER adjusting for both inflation and population growth.

And yet, we had the finest highway system in the world and the finest public school system in the country. California offered a FREE university education to every Californian who wanted one. We produced water and electricity so cheaply that many communities didn't bother to measure the stuff. Our unemployment rate consistently ran well below the national rate and its diversified economy was nearly recession-proof.

One thing - and one thing only - has changed in those years: public policy. The political Left gradually gained dominance over California 's government and has imposed a disastrous agenda of radical and retrograde policies that have destroyed the quality of life that Californians once took for granted.

The Census Bureau reports that in the last two years 2/3 of a million more people have moved out of California than have moved into it. Many are leaving for the garden spots of Nevada , Arizona and Texas . Think about that. California is blessed with the most equitable climate in the entire Western Hemisphere; it has the most bountiful resources anywhere in the continental United States; it is poised on the Pacific Rim in a position to dominate world trade for the next century, and yet people are finding a better place to live and work and raise their families in the middle of the Nevada and Arizona and Texas deserts.

I submit to you that no conceivable act of God could wreak such devastation as to turn California into a less desirable place to live than the middle of the Nevada Nuclear Test Range . Only Acts of Government can do that. And they have.

You can trace the collapse of California's economy to several critical events: the rise of environmental Ludditism beginning in 1974; the abandonment of constitutional checks and balances that once constrained spending and borrowing; and the rise of rule by public employee unions . There are other factors as well: litigation, taxation, illegal immigration - but for the sake of time let me concentrate on the big three.







KILLCARB.ORG -

That's HILARIOUS! Now, ask McLintock how he's done in past elections for state office like governor, etc. That's even funnier.

The more people that move to Texas and other places, the better it will be for those of us who stay.

So far, that's not proving to be true.

 

[Contessa_Sharra]

The more people that move to Texas and other places, the better it will be for those of us who stay.

So far, that's not proving to be true.

Sure it is, and people in middle Income ranges around $40,000 are now able to afford to buy homes......

 

[WillowTree]

 

[Meister]

California is screwed up becasue hey have a repbulican gov.

RINO....that's all that twit is. Nothing republican about him except for the R

 

[Baruch Menachem]

I submit to you that no conceivable act of God could wreak such devastation as to turn California into a less desirable place to live than the middle of the Nevada Nuclear Test Range . Only Acts of Government can do that. And they have.

Just had to bump that remark

 

[Oddball]

The more people that move to Texas and other places, the better it will be for those of us who stay.

So far, that's not proving to be true.

Sure it is, and people in middle Income ranges around $40,000 are now able to afford to buy homes......

Where.....In Copmton?

 

[Baruch Menachem]

and we won't even mention Detroit.. will we??

<crickets>

 

[Meister]

California is screwed up becasue hey have a repbulican gov.

Actually, the real problem here is in the Legislature, and in a system that allows Government by Initiative and it is our off year elections that really get us screwed up, that and visiting Mormons.

Legislature that that is dominated by democrats in each House, and a governor that's a screwed up RINO. Another big problem is how they redictricted to where no party will ever get voted out. That was real smart for the poiticians, but Californians are the ones who have suffered.
They can't keep raising taxes in Ca. Businesses are leaving in droves, and I wonder if they will have their enviromentalists Vs. Agriculterists boondoggle figured out by the next growing season

 

[alan1]

The more people that move to Texas and other places, the better it will be for those of us who stay.

So far, that's not proving to be true.

Sure it is, and people in middle Income ranges around $40,000 are now able to afford to buy homes......

In Bakersfield?

 

[Meister]

The more people that move to Texas and other places, the better it will be for those of us who stay.

So far, that's not proving to be true.

Sure it is, and people in middle Income ranges around $40,000 are now able to afford to buy homes......

Contessa, are you sure? 40,000? Prices haven't dropped that much in Ca.

 

[Baruch Menachem]

The really horrible thing is they moved up here to Portland. And they are repeating the process

 

[WillowTree]

So far, that's not proving to be true.

Sure it is, and people in middle Income ranges around $40,000 are now able to afford to buy homes......

In Bakersfield?

It sure as hell ain't San Fran or Sacramento..

 

[Meister]

So far, that's not proving to be true.

Sure it is, and people in middle Income ranges around $40,000 are now able to afford to buy homes......

In Bakersfield?

Boron, and it's a trailer

 

[Oddball]

The really horrible thing is they moved up here to Portland. And they are repeating the process

They overran the southern Denver 'burbs and Colorado resort counties in the '90s, too.

 

[alan1]

Sure it is, and people in middle Income ranges around $40,000 are now able to afford to buy homes......

In Bakersfield?

It sure as hell ain't San Fran or Sacramento..

Or Monterey or Santa Barbara or San Diego or.......

 

[alan1]

Sure it is, and people in middle Income ranges around $40,000 are now able to afford to buy homes......

In Bakersfield?

Boron, and it's a trailer

Perhaps in Buttonwillow

 

[Oddball]

In Bakersfield?

It sure as hell ain't San Fran or Sacramento..

Or Monterey or Santa Barbara or San Diego or.......

....or friggin' Barstow!

 

[georgephillip]

California has the same option available today that North Dakota chose in 1919. Deposit state revenue in a state-owned bank which unlike private banking doesn't function like a pyramid scheme.

Private banks create the principal portion of their loans but not the interest, which is siphoned off the top as profit.

New borrowers must continually be found to take out new loans to create this extra profit.

Every pyramid scheme has mathematical limits, and today it's beginning to look like those limits have been reached. In California and the USA.

Public banks reinvest interest into public coffers.

You want a mortgage for 1%-2%?

Free public education through graduate school?

The reason Republicans and Democrats won't touch this in California or anywhere else (except North Dakota) is their fear of Wall Street.

Public banking is the quickest way to declare WAR on private investment bankers.

Imagine if California is where THAT starts...

 

[Oddball]

Public (read: gubmint) banks reinvest interest into public coffers.

IOW, they "invest" in the projected ability to shake down the rustics for taxes to pay off on the "investment".