johngonole

Move Over Fed, California's Now Printing Its Own Money

California is going to have to layoff workers, reduce their pension programs, reduce paid leave, etc... You can't spend more than you have forever. The fact that the CA can't balance a budget and now has to resort to IOU's is pathetic. Their governments live in lala land and can't function. Why can't they just sell more bonds? Is it because no one will lend to them?

If the Federal government moves to bail them out we really could see a revolt in this country. I've already seen AP articles (communist press) suggesting the CA is too big to fail. I've read articles blaming taxpayers and govt leaders for failing to raise taxes. May the public in CA doesn't want to pay more taxes. Maybe they want less government. How come the politicians won't do what the public clearly wants? They want to spend the money for themselves and they want less government service. Its time to vote for a third party folks. Its time for both parties to be decimated.

One final thought. I live in Gainesville, FL which is like a little CA inside the state of Florida. Our city owns and runs a money losing golf course. They sink like 2-300,000 a year into that money loser. They canceled fireworks this year due to budget constraints yet somehow running a golf course is a primary service for the city. We have plenty of public courses too here so it not like we have a shortage of golf courses. Gainesville also flies the United Nations Flag. Our leaders wish they were in another country. I wish I could send them to California.