Arnie gets to stand and deliver on the 19th:
If the tax hikes are rejected by large margins next week, the country's political elite ought to study that result closely. Despite huge spending margins and despite a thin veneer of bipartisanship, the tax hike gang is getting thumped because the electorate is saying --no, shouting-- "Enough!"The good news about that last sentence is that the ecosystem in the southwest really can't handle the population load. Crashing the California economy may bring some left-handed benefit to the rest of the Colorado River basin.
Everyone has a story of a state or county employee friend who is retiring at 55 with a guaranteed life pension of $75,000 or more plus gold-plated medical benefits. Almost everyone knows that massive amounts of money have flowed into Los Angeles public schools and still half of the kids drop out. Majorities realize that businesses don't have to operate here, and that places like Texas may lack the Rose Parade but let you grow a business and keep most of the profits.
In the near term, the vote promises to be good fodder for the 04 July and 12 September Tea Parties. Plus, the Federalism Amendment. Truthfully, if a state like California or Massachusetts wants to tax itself into oblivion, that should be allowed. It's the borg effect of bringing that mentality to DC that we must oppose.
$75K/year for a pension??? My private pension was 1/3 my annual salary which is a far cry form $75K/year. Plus my medical benefits through my former employer cost me $1000/month (me and my wife) last year. I had to go back to work just to pay for healthcare insurance (we are under the age of 65).
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