You'll never get IOUs from the federal government for your tax return like citizens in California. The feds will just print more money which will be worth less and less. There is absolutely nothing innovative about Obama's and the liberal democrats solutions to our economic crisis. They've all been tried before and failed -- in California.
California's Morality Play in Three Acts
By Jon Huey
I know that everybody likes to poke fun at California – but I can tell you right now that despite all of its problems, California remains one of the best places in the world to build a successful small business.
All you have to do is start with a successful large business.
Laugh if you will, but let me remind you that when these policies finish wrecking California, there are still 49 other states we can all move to – and yours is one of them.
I should also warn you of the strange sense of déjà-vu that I have every day on the House floor as I watch the same folly and blunders that wrecked California now being passed with reckless abandon in this Congress.
We passed a “Cash-for-Clunkers” bill the other day – we did that years ago in California.
Doubling the entire debt every five years? Been there.
Increasing spending at unsustainable rates? Done that.
Save-the-Planet-Carbon-Dioxide restrictions? Got the T-Shirt.
To understand how these policies can utterly destroy an economy and bankrupt a government, you have to remember the Golden State in its Golden Age.
A generation ago, California spent about half what it does today AFTER adjusting for both inflation and population growth.
And yet, we had the finest highway system in the world and the finest public school system in the country. California offered a FREE university education to every Californian who wanted one. We produced water and electricity so cheaply that many communities didn’t bother to measure the stuff. Our unemployment rate consistently ran well below the national rate and its diversified economy was nearly recession-proof.
One thing – and one thing only – has changed in those years: public policy. The political Left gradually gained dominance over California’s government and has imposed a disastrous agenda of radical and retrograde policies that have destroyed the quality of life that Californians once took for granted. (Continue reading....)