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The regulatory environment has turned dreams of good lives into nightmares for many who are leaving in hordes, taking much of the state's tax base with them. About 2.14 million people fled to other states between 2005 and 2007, while only 1.44 million moved in. Meanwhile, the state's debt rises at a rate of about $25 million per day. Some 2.3 million Californians (12.5%) are without employment, and factory jobs plummeted from 1.87 million to 1.23 million (34% of the industrial base) since 2001. California, with 12% of the U.S. population, has nearly a one-third of the nation's welfare recipients--15.3% of all Californians live in poverty. Its budget gap for 2009 to 2010 ($45 billion) equaled 53% of total state spending. This occurred despite having the nation's highest state sales tax and third-highest income tax.
The Democrats are too enamored with their power bases (unions/trial lawyers/environmentalists) to do so; it's extremely pathetic that the party which proclaims to be for 'the middle class' has shredded the bank accounts & wallets of the citizens of this and the other equally hopeless states left and right starting with sky-high housing prices, sky high-gasoline prices ($3.09/gallon here in Los Angeles), sky high utility prices, and anything else you can think of.
I dunno. Jerry Brown is a cheapskate so I expect him to try and pare down government as much as he can. After that, I'd expect across the board tax increases.
You expect your existing gang of legislators to spend additional moneys in a prudent manner?
Living in NJ, I know that giving even more money to our political class and their croneys and hangers-on public only puts us even deeper in the hole and we're some of the most highly taxed people in the nation.
We're racing you guys in CA to the bottom of the economic barrel, IMO.
Good luck with your higher taxes. I hope they do for you what they never do for us.
The Unions know it. There is nothing they can do now to stop it. Only the Federal government can bail them out, since Cali, doesn't print their own money. Will our new to come, "Conservative House", even consider it? Not if they want to keep their jobs come 2012.
Good point The citizens are watching all of congress moves, not just their own state. If Obama wants to bail out CA then we will see where the repubs stand. If they say NO then thats ok. CA always votes democrat anyway. Surrounding states like AZ will not tolerate this kind of BS. Many legal hispanics (i.e. mexicans) also will side with the GOP. Obama needs to pick his battles
It is going to get real ugly in places like California, Oregon, and Washington.
People and businesses are going to be leaving to other less restrictive States, just like all the manufacturers went to China.
When California realizes they have no one to pay their high taxes and all they have left is those parasites sucking taxes, they are going to be in a real pickle, they will never get out of.
The USA is tapped out, PAL!
It is going to get real ugly in places like California, Oregon, and Washington.
People and businesses are going to be leaving to other less restrictive States, just like all the manufacturers went to China.
When California realizes they have no one to pay their high taxes and all they have left is those parasites sucking taxes, they are going to be in a real pickle, they will never get out of.
The USA is tapped out, PAL!
It's now "only" $16 billion. We're supposed to vote on a bunch of proposed tax increases this November to fix the problem. I'm voting no on every one of them.
It's now "only" $16 billion. We're supposed to vote on a bunch of proposed tax increases this November to fix the problem. I'm voting no on every one of them.
That's kind of part of the problem in California...this whole mentality.
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The citizens are watching all of congress moves, not just their own state. If Obama wants to bail out CA then we will see where the repubs stand. If they say NO then thats ok. CA always votes democrat anyway. Surrounding states like AZ will not tolerate this kind of BS. Many legal hispanics (i.e. mexicans) also will side with the GOP. Obama needs to pick his battles 
