Should We Bail Out California?

Why isn't recalling Arnold an option? I mean, Gray Davis was recalled for far less.

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There are a lot of wealthy people here, and they are being taxed to their limits. Personal income tax is at 10.3% for the top bracket, and the sales tax was just increased.

I personally think need to we find some way to void or modify some of our existing service contracts, legalize marijuana and tax the crap out of it, and free from prison non-violent drug offenders.

And, deal with the fact that the infrastructure is being crushed under the stress of a large immigrant population, whose labor the entire country benefits from, but whose services are largely supported by California.

At this point, I am just about ready for some doomsday scenario because Sacramento has been so inept at running the state.

EDIT - and, fix our stupid proposition system, which makes our ballots unintelligible and creates a web of rules and regulations that are impossible to implement.

And, David was worse, believe it or not. Not much worse, but worse. I think Arnold has just given up trying after his big effort to reform the system was shot down a few years back.

Updated On: 5/19/09 at 12:30 PM

I think EVERY business or state asking for a hand out should be denied. If you are failing, it's because you screwed things up.

I don't think the Government should bail out anyone.

How much did we give a certian car company, and they are still going under? BILLIONS wasted.

Ilive here, and I think California should put on it's big girl panties, get rid of Anuld, and makes cuts where they belong. There is so much wasteful spending, it sickens me.

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And I think it's cute that they send me a yearly statement, telling me what I 'will' be receiving for Social Security...

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Cal to Goth.....Foolish Urchin, or FU

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"I also read somewhere (I cannot find the site or link) where California pays far more in federal taxes than it receives back in programs and services"

From 1981 - 2005 (last year of data available)
there were 20 'donor' states and 30 'debtor' states plus the major money pit that is the District of Columbia.

Top Ten 'Donor' States (averaged annual returns on $1 paid in)

New Jersey (0.65)
Illinois (0.74)
New Hampshire (0.76)
Connecticut (0.77)
Nevada (0.78 )
Michigan (0.80)
Delaware (.81)
Minnesota (0.82)
Wisconsin (0.84)
New York (0.85)

California (0.92) (13th)

other 'donor' states:
Texas, Indiana, Oregon, Massachusetts, Ohio, North Carolina, Colorado, Washington, Georgia


Top Ten 'Debtor' States (averaged annual returns on $1 paid in)

New Mexico ($1.98 )
Mississippi ($1.69)
North Dakota ($1.55)
Virginia ($1.46)
Montana ($1.45)
West Virginia ($1.45)
South Dakota ($1.42)
Alabama ($1.40)
Hawaii ($1.37)
Missouri ($1.35)

other 'debtor' states:
Arkansas, Alaska, Maine, Kentucky, Louisiana, Maryland, South Carolina, Oklahoma, Idaho, Utah, Arizona, Tennessee, Nebraska, Kansas, Iowa, Rhode Island, Florida, Wyoming, Vermont, Pennsylvania

and then the money pit: District of Columbia ($5.47) - DC also has one of the highest rates of increase of household income in recent years (DC residents do not have voting representation in Congress but it's difficult to argue Congressmembers don't benefit from funding DC).

Updated On: 5/19/09 at 05:23 PM

Thanks Yawper.

If you have an average education (basically a Bachelors) and an average work history, good luck.

Being middle of the road I'm not enough of a specialist or have the niche career for a lot of jobs available and am overqualified for most of the rest. If you have only a high school degree or are in a medical field you have it made.

I got four filled job notices in one batch of email on Sunday night - most are taking over six weeks to respond. It was a rough night. There are a bunch of others I've yet to hear from (and possibly won't).

perhaps your competition has relocated or gone out of business (as if I have a clue about what you do)

There was a report on our local news that Colorado spent taxpayers' money to lure California businesses to our state. 5 businesses are in talks to move here.

http://www.colovesca.com/

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Updated On: 5/20/09 at 12:09 AM

Since they like to get involved in California politics, let the Mormons bail the state out.

Updated On: 5/20/09 at 11:23 AM