Do you think California Will Comeback? (suspect, Brown, fence, financial)

[clb10]

Brown faces daunting task as Calif's next governor - wtop.com (http://www.wtopnews.com/?nid=213&sid=2051827 - broken link)

"Going forward, I would say it's daunting. But California has always come back, from probably at least seven recessions since World War II," Brown said as he stood on a wooden coffee table to address reporters at his downtown Oakland headquarters.

[theunbrainwashed]

Who knows. The next earthquake to destroy SF or L.A. could strike tomorrow, they may never pull out of it, they could get bailed out and then bounce back, etc. etc.

[stillkit]

Of course it will. California isn't going to suddenly dissolve.

[Dockside]

Maybe the EU will bail them out after they're done with Ireland.

[malamute]

I don't see how it can with the government they've selected. They really need to cut spending and cut it fast and cut it big but I don't see them doing that.

I suspect they'll go for a big tax increase on their productive citizens. Then those people will leave the state and things will be worse. And they'll cut all the finer things, close state parks, let roads decay so they can continue to entice impoverished people into the state with the most generous welfare handouts they can think of.

[Wapasha]

Originally Posted by clb10

Brown faces daunting task as Calif's next governor - wtop.com (http://www.wtopnews.com/?nid=213&sid=2051827 - broken link)

They reelected the same people into office who got the state into its financial mess, they have not seen the error of their ways, and they will just go full bore into bankruptcy, and demand the other 49 to bail them out.

[Vanskills]

Best thing we can do is build a fence around California so the liberal hippies cant come to our states and ruin it after they finish destroying Cali.

[Oerdin]

It always does and it will again. It had the biggest boom during the housing bubble and now it is having the biggest bust so it will take time to readjust everything but it won't last forever.

[HistorianDude]

It always does.

[Oerdin]

Originally Posted by malamute

I suspect they'll go for a big tax increase on their productive citizens.

You really have no idea what you're talking about, it's completely obvious you don't, so why not just stay quiet on a subject you know so little about? For example, there will be no tax increases because a 2/3rds vote in both houses of the state legislature would be required and Republicans won't agree to it. Citizens actually made it even harder for the state to raise money in the last election by putting even fees for services (like DMV fees, etc...) into the 2/3rds category. Lastly, taxes will be cut in the state by $12 billion (the temporary sales tax measure passed three years ago will expire in 2011) which will mean the deficit will get even larger and require more cutting; the biggest obstacle to balancing the budget in the past is now gone as voters did away with the 2/3rds rule requirement to pass the state budget and have now restored the simple majority rule law.