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By the time you read this, the Obama administration will, no doubt, have bailed out the state of California. How can we be sure? Because it announced, on June 16, that it wouldn’t bail out California.
As National Review blogger Jim Geraghty often writes, “All statements from Barack Obama come with an expiration date. All of them.” California, like General (Government) Motors, AIG and Chrysler, will no doubt be labeled “too big to fail” and bailed out. If not by now, then some time in the weeks ahead.
That’s unfortunate, because there’s a simple solution to the Golden State’s...
Bending the California Curve
Plenty of revenue to be had from offshore oil leases- can't drill here even though oil is natually bubbling up off shore near Santa Barbara
Raise taxes on the wealthy- they leave-hasta la vista baby
So, enforce our immigration laws- no other country in the world lets people just walk in start working and receive services,
Stop letting evironmentalists block all development-why can't we have an honest debate on global warming? because when people learn that India and China will pollute as much as they want and cap and trade means a large hike in energy, they may not agree and lower the income tax THEN california would do just fine.