The Fantasyland of the “Elected Leaders” in the State of California Continues – Just More Budget Gimmickry and BS! – The Idiots Driving the Train in California for the Past Two Decades Have Worked Hard to Destroy and Drive Out Business AND They Have Achieved Their Aims! – CEO’s That Have to Operate in the Real World Know the Truth About California – Why the Ending of the Planet of the Apes is Similar to What the Idiots in California Have Done!
The Fantasyland that the “Elected Leaders” of the State of California live in continues, but hey, they are only taking a cue from the “Elected Leaders” of the United States!
KQED’s Capital Notes lays out the obscene reality that is the California state budget in 2010 (No doubt, historians will have plenty to say about this particular set of Buffoons in Sacramento!)
“As we wait for yet another state budget impasse to be resolved, there’s one sure bet: the final deal will include assumptions about money that never materialize.
Why is it a sure bet? Because they’ve been used in just about every recent budget… and because a couple of prime candidates are already on the table this time around, options that are a lot easier to accept than the painful alternatives.
That’s the focus of my story this morning on The California Report, part of our ongoing series Governing California: Making Sense of Our State of Disarray.
It should be made clear at the outset that we’re focusing (for now) on questionable assumptions about either revenue or spending cuts — not the ever growing category of accounting gimmicks that recent budget deals have included. Those gimmicks, as bad as they may be, might actually result in some kind of action that resolves a given year’s deficit.
Unrealistic money assumptions, on the other hand, mean that the deficit is merely kicked to another year and another round of negotiations. We’ve compiled a list of failed (or possibly soon-to-fail) assumptions for the website of our Governing California project. The list includes everything from assumptions about the sale of the state’s workers comp insurance fund to cash from punitive damage awards and beyond.”
Yes, that makes perfect sense….IF YOU ARE RUNNING A BANANA REPUBLIC!
It’s time for the State of California to face facts: The Buffoons that have been driving the train in California for the last two decades have waged an all out war on business and that incredible stupidity is coming home to roost for the Buffoons in Sacramento that haven’t a clue to how and why an entrepreneur would start a company. Right now it makes no sense for any entrepreneur to open a new company in California if that company can be opened in another US state.
As was pointed out by Chief Executive Magazine recently on a story of the Best and Worst States For Business (One Guess which state is worst? Yes…CALIFORNIA!). Get a look at these quotes by CEO’s that have to operate in the Real World, i.e., not the Fantasyland of Sacramento:
“The leadership of California has done everything in its power to kill manufacturing jobs in this state,” observed another CEO. “As I stated at our annual meeting, if we could grow our crops in Reno, we’d move our plants tomorrow.”
How is it that the nation’s most populous state at 37 million, one that is the world’s eighth-largest economy and the country’s richest and most diverse agricultural producer, a state that had the fastest growth rate in the 1950s and 1960s during the tenures of Democratic Governor Pat Brown and Republican Governors Earl Warren and Ronald Reagan, should become the Venezuela of North America?
Californians pay among the highest income and sales taxes in the nation, the former exceeding 10 percent in the top brackets. Unemployment statewide is over 12.2 percent, higher than the national average. State politics seems consumed with how to divide a shrinking pie rather than how to expand it. Against national trend, union density is climbing from 16.1 percent of workers in 1998 to 17.8 percent in 2002. Organized labor has more political influence in California than in most other states. In addition, unfunded pension and health care liabilities for state workers top $500 billion and the annual pension contribution has climbed from $320 million to $7.3 billion in less than a decade. When state employees reach critical mass, they tend to become a permanent lobby for continual growth in government.
Bill Dormandy, CEO of San Francisco medical device maker ITC, summed it up: “California has a good living environment but is unfavorable to business and the state taxes are not survivable. Nevada and Virginia are encouraging business to move to their states with lower tax rates and less regulatory demands.” “
Yes, it takes REAL MEN AND WOMEN OF GENIUS to have killed the Golden Goose that used to be the Great State of California but that is exactly what these fools have done….Some of us have already had our “Planet of the Apes” Moment and realized what these fools have done, and more and more business owners and entrepreneurs will come to that same conclusion in the coming years! (How ironic that this iconic scene with Charleton Heston was filmed in California….Not that any of the Clowns in Sacramento would understand the irony of their foolish ways!)