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Non-Tech : Banks--- Betting on the recovery
WFC 84.86+0.2%11:57 AM EST

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To: Road Walker who wrote (556)5/26/2009 11:00:34 AM
From: tejek  Read Replies (1) of 1428
 
California is the poster child for dysfunctional. Financially, politically, emotionally. Are there any adults there?
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Not really. At least not in S. CA.

I don't know....


Krugman said it better than I....and when you think of adults in CA, think of Ten. Very scary article.....it only confirms my own views.

Even more important, however, Proposition 13 made it extremely hard to raise taxes, even in emergencies: no state tax rate may be increased without a two-thirds majority in both houses of the State Legislature. And this provision has interacted disastrously with state political trends.

For California, where the Republicans began their transformation from the party of Eisenhower to the party of Reagan, is also the place where they began their next transformation, into the party of Rush Limbaugh. As the political tide has turned against California Republicans, the party’s remaining members have become ever more extreme, ever less interested in the actual business of governing.


Like I've said before, this whole attitude of not wanting to pay taxes started in CA. Its a very self destructive attitude on the part of the GOP. In the late 1990s, they brought it to OR.....within a few years, the Portland school system was bankrupt. And then they tried to bring it to WA state but its pretty much failed here. Of course, they succeeded in FLA. And I worry that FLA is following in CA's footsteps.
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