Of course there is. Austerity.ATG wrote:
reaganomics blow.lowing wrote:
Nope, this is the end result of liberal ideology in practice.ruisleipa wrote:
Hah! I was just about to post the same thing. http://www.guardian.co.uk/world/2009/oc … state-debt
So will we get all the Bush-lovers saying this is all Obama's fault? Probably.
there seems to be no good answer.
What California needs to figure out is a way to keep it's tax receipts steady. Fluctuations occur with income and sales taxes but property is always owned by someone. More states need to follow the example of New Hampshire and do away with sales and income taxes in favor of higher property taxes. This does not favor renters over landowners as the common argument would be, rent would go up to cover the increase. Once you go to a system of taxation such as this, tax receipts become steady and you can plan your government spending accordingly.
Now, coupled with this, they need to really prioritize spending. Government is always inefficient because it has no competition. They need to get rid of redundant programs and programs that blatantly don't work or are abused. This is all common sense but it would take a very strong leader to make it happen. Frankly, the infrastructure in California should be the highest priority of the state legislature. Social programs are nice, and they win you votes, but you can't keep borrowing from the future to pay for today. Eventually that future bill comes due, and in California's case, the future is now.
Also, stop wasting billions of dollars by building a stupid solar power plant in the middle of the desert just to placate the greenies in your state. Encourage your power companies to build nuclear plants. The power is cheap and infinite.
Last edited by JohnG@lt (2009-10-04 14:33:16)
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat