When we lost the aerospace industry to federal neglect, California suffered.
When the "DotCom" bubble burst, California was hurt.
When the drought and the (Enron-exploited) energy crisis hit, California began to bleed.
When the (sub-prime) housing boom went bust, California Flat-lined.
It's not the fault of the "illegals", most of them are working for wages the rest of us couldn't survive on. And They
pay their taxes,
usually on time (at least those who make enough to owe taxes).
It's the deadbeat parents who make-up most of the "underground", cash-only economy.
I know. I work for one of the State's tax agencies.
Even though I don't like the idea of California asking for a federal "bail-out" (I don't see how a bail-out would do anything but prolong the
inevitable), the rest of the country should remember this; California contributes a HUGE
amount of revenue to the federal government.
Far more than it recieves, proportionately, back
from the Feds. The rest has historically been re-distributed to the the other 49 states by
the federal goverment.
Hmmm. "From those who can produce (California), to those who need (the rest of the nation), for the Welfare
of the Greater Society (the
the basic creedo of ....?
As some one previously said, If California goes, we're going to take the rest of you down with us.
And there ain't nothing you can do to stop it.
We're California. We're Too Big NOT To Fail!