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California is fast becoming the new Greece

California Governor Jerry Brown has proposed a four-day work week to reduce pay for state employees and  other cuts, mostly in welfare and medical care for the poor. Trimming the standard week would be the equivalent of a 5 percent pay cut, according to the Governor,  saving $400 million a year for the desperate government of California. (20% fewer days equals a 5% cut...count me in!) Health care for the poor would also be cut back. It would take the biggest reduction, about $1.2 billion, with $1.1 billion sliced from welfare and care for the disabled. (so, don't cut the cops, or bureaucrats, just the things people actually WANT from their taxes---nice) The cuts though significant will not come close to closing the budget gap. The proposed cuts will amount $8.7 billion in total, but the estimated budget deficit is $15.7 billion for the coming fiscal year.  ------- The reality- We're in a Currency Union we can't leave. We depend on massive loans from other to stay afloat. The answer to a level of taxation that has caused the economy to collapse over the last decade (we were headed down well before the Real Estate Bubble burst) is MORE taxes. "Tax beating will continue until business morale improves" seems to be the philosophy. The level of Government provided "goodies" are so high as to attract great consumption, and the taxes are so high as to drive away production. We also have our own version of "Cap and Tax" on carbon dioxide, so our electric rates are much higher than most in the USA. Or grid is rapidly headed for instability and on the radio was a warning to expect rolling blackouts and brownouts when summer heat kicks in. People and companies can avoid a 9.75% sales tax and an 11% income tax (not to mention gas taxes, Diesel taxes, property taxes, and a variety of "user fees" if you actually do use a service and are not on welfare...) just by moving a couple of hundred miles to a different state. One local company made cast lead products. They moved to Nevada simply because it was nearly impossible to comply with the environmental mandates on handling lead. My mechanic repairs transmissions. He can not get a solvent that works (to clean the parts of the transmission so it can be repaired) that meets the California Air Resources Board volatile organics regulations. It is readily sold in Nevada. Guess where transmission repair will be moving?


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