Tuesday, April 16, 2013

Speaking of Leadership: Or lack thereof, Exhibit 1 - The State of California

I'm not overly political one way or the other, but I am a fiscal hawk for two reasons.  First I have an econ degree and understand macroeconomics enough to see a train wreck when it is coming (the national debt, over-spending, etc.).  And, second, my two cherubs are being set up to pay the bills we are racking up now.

Here's a blog post on California's current mess:
Highest taxes (gasoline, sales and top bracket of income taxes)
Lowest bond rating
Highest poverty rate (at 23.5%, the home of 1/3 of those in poverty in U.S.)
Highest unemployment rate (tied with Mississippi and Nevada at 9.6%)
Highest energy costs
Worst state to do business (as judged by Chief Executive magazine 8 years running)
Most cities going bankrupt
Prison system so poorly run it has been taken over by a federal judge



http://www.powerlineblog.com/archives/2013/04/how-many-ways-can-california-be-stupid.php

2 comments:

  1. Rope,
    You'll enjoy this blog that addresses the technology incompetency of the California leadership. Very appropriate given our current course.
    http://www.calwatchdog.com/2013/03/06/inside-state-government-ineptitude/

    Enjoy!

    ReplyDelete
  2. Pound foolish...thanks for the link.

    ReplyDelete