Wednesday, May 27, 2009

The Coming California Bailout

[HT:LD: "Next up on Obama's "I break you, I own you" agenda.]

California, the sunny incubator of America's future, has relished its role as a leading indicator of political trends. Tuesday it became what it thinks it should be, the center of attention, but not in the way it wants to be... [snip]

Now California's mostly Democratic political class will petition Washington for a bailout to nourish the public sector that is suffocating the state's dwindling -- and departing -- private sector. The Obama administration, which rewarded the United Auto Workers by giving it considerable control over two companies it helped reduce to commercial rubble, will serve the interests of California's unionized public employees and others largely responsible for reducing the state to mendicancy.

These factions will flourish if the state becomes a federal poodle on a short leash held by the president. He might make aid conditional on the state doing things that California Democrats and their union allies would love to be "compelled" to do: eliminate the requirements of two-thirds majorities of both houses of the legislature to raise taxes and pass budgets, and repeal Proposition 13, which voters passed in 1978 to limit property taxes.

These changes would enable the legislature (job approval rating: 14 percent) to siphon away an ever-larger share of taxpayers' wealth and transfer it to public employees. Such as prison guards, whose potent union is one reason California's cost-per-inmate (about $49,000) is twice the national average.

California's voters are complicit in their state's collapse. They elect and reelect the legislators off whom public employees unions batten...

[Highly Recommended > ]

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image toon - cali mny sclm = Next bailout = CA = sodom & gomorrrah

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