The only problem with our elected leaders in Sacramento is … our elected leaders in Sacramento.
Isn’t it a bit repulsive how these legislators spend your money? Based on their actions in recent years, they don’t understand basic economics. Their continual use of the Robin Hood philosophy is a fairy tale being lived out in full color.
You can also guess that color. Correct. It is red.
The governor’s latest projection of an $11 billion shortfall tells the entire story. He and his cohort representatives didn’t pass math.
Every state that has tried the “take from the rich and give to the poor” concept has failed.
In California, our legislators and governor voted to raise the minimum wage to $20 an hour. Sounds good, looks good on paper, might earn some votes in the next election. Or … it might not. Let’s see what has happened since our legislators raised the minimum wage for fast food workers. California lost 18,000 jobs.
It is apparent that our public officials are trying to reinvent economics.
If you owned a company and hired a manager to run the business and they raised wages, reduced profits and lost good employees, would you give that manager a raise or show them the door?
Sacramento’s spending record is abysmal. Governor Newsom inherited a gold mine and has led the legislature into an $11 billion deficit this year. At this rate, California will become the leading supplier of red ink.
Ridiculous spending has crippled the champion empire of California. We only get a glimpse of the stupidity in Sacramento when we see billions of our tax dollars syphoned off to pay for more than one Albatross. The marvelous High Speed Rail system being built in the middle of California has sucked up billions and not one foot of track has been laid. It is destined to join New York’s Second Avenue Subway (under construction since 1929) in the roster of Most Famous Construction Projects Never Built.
Do you think it is possible that some of these billions were redirected for useful public services? Voters and residents deserve an objective audit that traces the spending to whom it was paid and where it went.
One billion dollars is more than just a blip on the balance sheet. It is more money than any of us will see in our entire lifetime.
The latest release by Sacramento is that our projected deficit, which was $2 billion, has been revised. The new projected deficit is now $11 billion.
If my office manager was wrong by 500%, I don’t think a promotion would be in the cards.
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Milestones – The “Story” Continues – Opinion
Milestones – Around Town We Observe – Opinion
Milestones – Unrelated Related – Opinion
