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Let me explain by using California as an example, because, as the 8th largest economy in the world, as goes California, so goes America.
LOS ANGELES (Reuters) - With a recent flurry of winter storms doing little to dampen California's latest drought, the nation's biggest public utility voted on Tuesday to impose water rationing in Los Angeles for the first time in nearly two decades.
Under the plan adopted in principle by the governing board of the L.A. Department of Water and Power, homes and businesses would pay a penalty rate -- nearly double normal prices -- for any water they use in excess of a reduced monthly allowance.
Reporting from Sacramento -- As California's government continued its grinding downshift toward insolvency, efforts to close the state's nearly $42-billion budget gap hit a new snag late Tuesday as Republicans in the state Senate ousted their leader.
Around 11 p.m., a group of GOP senators, unhappy with the higher taxes that Senate leader Dave Cogdill of Modesto agreed to as part of a deal with the governor and Democrats, voted to replace him in a private caucus meeting in Cogdill's office.
California's financial paralysis and its deteriorating fiscal condition is not something that is widely reported. Still, investors hold tens of biillions of its bonds and the state has the fifth largest economy in the world. We should all be paying attention.
The State Worker has received a copy of the "surplus notice" that individual departments are sending out to their least senior employees. Each department will put the notice on its own the letterhead.
Originally posted by amari
reply to post by Cloudsinthesky
As the massive exodus happens do to the collapse of California's economy you will see other states setting up check points, yes road blocks to turn Californians away as to not put a further drain on that particular state's hand outs available thru social programs for their existing residents.
Originally posted by projectvxn
reply to post by ~Lucidity
Well, it's not just California.
Originally posted by ~Lucidity
Oh yes. Let's blame the unions. Bad unions! You know, this talking point has been beaten to death. but I have to hand it to them for dusting it off and trotting it out everytime Cali gets in a pickle. Thing is, this goes way, way deeper.