Caifornia, is facing some tough choices..

Since there is no industry, here, and it’s all based on Real Estate, and Services, as Real Estate continues to collapse, the deficit will continue to grow.

Real Estate is not going to come back, because as incomes continue to fall, lower salaries will no longer support high mortgages, and no matter how many homes are bought by foreign investors, it won’t be enough.

At some point housing will reach a crisis point because people will realize that there is no use in owning a home here because real estate is a usless investment.

The current budget problem, is miniscule compared to what is coming in the next 3 years.

But when I look at the legislature or supposed leaders, I don’t see Republicans or Democrats, I see lawyers all.

The political parties are composed of Lawyers, and they are the ones responsible for California’s coming destruction, they are the ones that profitted from the destruction of the family and the middle class in California, through the monstrosity of Family court, Child Support Enforcement, and the dismanteling of consumer protection.

At the bottom of every ill deed and onerous stinking problem that California has, you will find a lawyer to blame. Not a Republican, not a Democrat but a lawyer.

Now they can watch as what’s left of the middle class leaves the state, taking their jobs with them and all their money.

Gee. Our very own version of the Arizona law.

By call me Roy, May 15 at 10:37 pm #

“California to become America’s first failed state?”

Nope, we wouldn’t be America’s first Roy. Others have held the distinction for far longer. Arkansas, Oklahoma, and a large majority of Texas have been failed states for decades. Mississippi’s stats read like those of a 4th world nation. And since they’ve NEVER spent any money on social programs or the public sector, what do you suppose could be the reason for that?

Now that’s not to say that I haven’t figured out that we’ve already become a failed state as well. But as a 57 year old native of the state, I also know that it has nothing to do with the overspending of the democrats. Last I checked, Schwartzie was still a repugnican, and he’s had over 8 years to run us over a cliff. Flippin’ no english talkin’, steroid shootin’ immigrant. Maybe we should send him on an errand next door, and hope they’ll profile his ass and deport him back to Austria. He’s a pin head.

When the corporate overlords were feverishly planning outsourcing all of the decent paying manufacturing jobs, didn’t anyone think that when a worker’s wages are reduced, the amount of payroll taxes he or she pays also goes down.  Governments that were once flush with revenues are left with scraps.  And those displaced workers?  It takes money to “retrain” them and to offer them subsidies and other assistance.  When our nation quit making anything of substance (except treasury debt), our nation’s fate was sealed.

California to become America’s first failed state?
Their unemployment is at 12 percent, and government staff workers are being paid with IOUs. None other than Professor Kevin Starr, University of Southern California, State Librarian Emeritus, one of California’s greatest historians, pronounced that “We are on the verge of becoming a failed state because we can’t agree on anything.” The California Senate has been in Democratic hands since 1970, and likewise, the Assembly — The reason California may be our first failed state is because the Democratic recipe for success in California is the same as in every other liberal state — more spending —– particularly on social programs and public employee sector benefits. Spending is the public policy that gets Democrats re-elected. (Their state budget went from $56 billion in 1998 to an eye popping $131 billion in 2008.) What nobody on the left is willing to admit is that blue states are in meltdown. Michigan, New York, New Jersey, Illinois (Obamaland), Pennsylvania, Oregon and, of course, California, are in debtors prison. High levels of taxation, a love affair with regulations — the more the merrier — and the unremitting expansion of public sector employment have made public sector unions a political powerhouse. It’s hard to imagine that the debates in the primary elections will not focus on job creation in the private sector, and stemming the tide of businesses and high-income residents fleeing the state. So will California’s elections move them right of center as we saw with Europe’s large social democracies, or will their fascination for Obama-like left-leaning economic policies remain intact — no jobs, increased spending and bigger government. Lastly, Los Angeles voted to Arizona boycott over immigration law. Who cares? Many states are now looking at passing the same law. LA and San Francisco have just hurt there on own economy’s which according to all the top economists won’t last long anyway. This is bad news, who wants to be like California Not Arizona. Many experts agree that after the November elections the Democrats will lose the Congress and Obama’s rating will drop 20% to the lowest ever recorded for any US President.

There are over 100 million Americans that are severely income challenged, they
barely make ends meet. Most are federally subsidized. They can become like a
disturbed nest of hornets if their entitlements were reduced. It is best for the
teabaggers to maintain the status quo and pay their taxes without complaining. 
Keeping the peace is never cheap.

I don’t know much about macro-economics, or micro- for that matter, but it’s my uneducated conclusion that THOSE IN CHARGE HAVE NO CLUE HOW TO FIX THE MESS.

Another example of how weak Americans are when we get assaulted by corrupt governments. In Greece they set the streets aflame, here hundreds of thousands march in L.A. against a law in ARIZONA, but when their well-being is directly threatened…silence.