First off, a blast from the past – January 1st, 2011:
…the Californians wanted it. People get the government they deserve, and they usually get it good and hard. California is America’s Greece and when the collapse hits, hopefully a majority will wake up to the fact that liberalism is a failure.
And, now – from the New York Times:
The state budget shortfall in California has increased dramatically in the last six months, forcing state officials to assemble a series of new spending cuts that are likely to mean further reductions to schools, health care and other social programs already battered by nearly five years of budget retrenchment, state officials announced on Saturday.
Gov. Jerry Brown, disclosing the development in a video posted on YouTube, said that California’s shortfall was now projected to be $16 billion, up from $9.2 billion in January. Mr. Brown said that he would propose a revised budget on Monday to deal with it…
Given that this is the New Y0rk Times, you do have to be careful – the budget shortfall didn’t “increase dramatically”; it was built in. When Jerry and the liberals of the California legislature passed their budget they made a whole bunch of absurd assumptions both as to revenues and expenditures…that they would be, respectively, much higher and much lower than what has actually happened. Any real analyst would have predicted this right from the start - or, even, just a moderately informed amateur, like me.
The key to understanding what is wrong with America is to understand three things:
1. We spend too much money via government.
2. Our debt is too large to be managed given our current ability to create wealth.
3. Our ability to create wealth is hampered endlessly by the tax and regulatory system.
All three of these problems are liberal-created problems: it is liberals who want to spend too much (yes, plenty of Republicans join in, but liberals always lead the way…as is shown by the fact that they increased federal spending by a trillion per year since Obama took office). Because we spend too much, we end up borrowing too much – and now our debt (federal, State and local) is so large that, given our current base of wealth, it simply cannot be repaid (when you factor in the un-funded mandates). Our only way out of this mess is to cut spending and grow wealth – but we can’t grow wealth effectively because liberals have erected a positively Byzantine tax and regulatory system which rewards failure and punishes effort and success.
Liberalism must go if America is to survive. Remember this as we approach November.