Its easy for the rest of America to disassociate with the fiscal crisis in California. After all, it represents a bigger-than-life culture of Hollywood, celebrities, extreme lifestyles and a Bush-era “conservative” Guvernator. Even more so in Minnesota where our culture and demographics make us an unlikely analog.
Nonetheless, we are subject to national policies now mirroring those of California and to think the results will somehow be different on an national scale is a predictable exercise of liberal insanity.
California, too, spent lavishly in the fat years and issued bonds when state revenues did not cover the costs, bringing its once-sterling credit rating down to the nation’s lowest. So, too, U.S. Treasury bonds, T-bills and the American dollar are now increasingly suspect.
California, like Minnesota has a mandatory budget-balancing provision in force and watching California comply is going to be a lesson in fiscal responsibility – the hard way.
with the state under a constitutional mandate to balance its budget, yet facing a $24 billion deficit this July, a chainsaw is about to be taken to state government.
At arms length (a 2000-mile arm that is), California’s issues hold little import for Minnesotans, and probably won’t have an immediate effect on us here. We should count ourselves fortunate that our Governor is willing to take the heat by refusing to hike taxes and un-allotting what our legislature wouldn’t un-budget. What is troubling is California’s microcosmic prognostication for the rest of the country.
California and it’s economy are faced with the fallout of massive over-spending, immigration, health care and arbitrary and burdensome emissions regulations – which have failed by the way. Sound familiar?
Some 38,000 of 168,000 state prisoners may be released. As Barack Obama is pushing universal health insurance, California will cut Medi-Cal for the poor. Education will be slashed, resulting in a shortened school year, thousands of laid-off teachers, school closings and an end to summer programs in a system that has plummeted from the nation’s best to one of its worst, as measured by dropout rates and academic achievement.
The Obama administration represents the worst of fiscal liberalism as evidenced by the climate bill passed by the House, massive bailouts and a stimulus package that is nothing more than a veiled attempt to enlarge the federal government. Obama is making all the wrong moves, belying the lesson California’s fiscal train wreck offers the rest of us, and deservedly drawing comparisons to Jimmy Carter.
Under George W. Bush and Obama, the U.S. government has undertaken huge new responsibilities: No Child Left Behind, Medicare prescription drug benefits, wars in Iraq and Afghanistan, the takeovers of banks and auto companies, bailouts without end and national health insurance.
The “We Inherited it from Bush” plea will provide little cover as the Obama administration and virtually the same Congress that was in place during much of the Bush administration continue to ignore the signs. In six months they have done more damage to our nation’s solvency than Bush and Company did in eight years.
Richard Nixon and Ronald Reagan carried California nine times. But the state is now a fiefdom of liberalism. John McCain’s share of the vote was smaller than Barry Goldwater’s. California today believes in Big Government, open borders, diversity, multiculturalism and the politics of compassion. But what liberalism has wrought in California, its native-born are fleeing.
The rest of us have nowhere to flee. We can’t all move to Florida.