California's Triple Whammy

Orange County Register ^ | 3-6-11 | Mark Landsbaum

[freedombiz]

The latest Golden State gift to America might be called the California triple whammy. It's an ongoing, ever-growing fiscal perfect storm that may be coming to a state near you.

For Californians what follows is an explanation of how you've turned gold into dust. For out-of-staters, it's how to avoid triple whammy fever where you live.

The first stage of the California triple whammy required spendaholics at government's helm running up perpetual double-digit, billion-dollar annual budget deficits papered over in the current year, to be fretted over in the next. Following close behind was an addictive need to issue billions in government bonds, which are nothing more than drawing cash on a promise to pay it back.

The final, maybe in more ways than one, stage of the triple whammy is to amass a monumental debt dwarfing the first two obligations.

[freedombiz]

Does anyone believe politicians have the will to curb spending to avoid disaster?

[meatloaf]

They would rather quit breathing.

[BenLurkin]

bttt

[Mercat]

I thought that the triple whamming is illegal immigration, enviro wackos, and socialist programs.

[Dan(9698)]

California has at least double triple whammy.

Like in basketball where they have a triple double.

California works at triple whammies.

[null and void]

Perhaps that will be arranged.

[LouAvul]

As long as the neer-do-wells and entitlement crowds continue to have the vote, politicians (many pubbies, as well) will continue to buy them with bread and entertainment.

[Vaduz]

Strange how californias budget deficits is almost equal to the pay out programs to illegal immigrates,funny how things work out for VOTES.

[smokingfrog]

The Golden State has become the IOU state.

[Del Rapier]

It is the worst elements of the East coast followed by a truly idiotic frame of mind......it ignores Mexico,while lambasting its relationship to the Pacific rim.

Hence we have people saying “no worries” thousands of miles from Australia and talking about how nice OZ is and how California used to be like that.

That reality means depending in part to our neighbor to the South,for something else then slave labor,doesn’t ever enter into the equation.

Unions who have no idea how to run a budget but who are influential in making sure not a penny is withheld in order to keep their retirees very well paid.

Idiotic Natives(Indians) who think their either Romans or Spartans depending on how drunk they are........

Place is a mess.

[freedombiz]

California probably has so many whammies it can’t stop spinning

[Mr. Jeeves]

The Perpetrators of California's Ruin

"- Our schools are underfunded."
"- Our environment is threatened."
"- Global Warming is a threat to my children's future."
"- Christopher Reeve will walk again if politicians spend more."
"- Evil corporations don't pay enough taxes."
"- All illegal aliens are nice people like my gardener, Mario."
"- MediCal is critical...to make sure Mom doesn't move back in."
"- We don't need dirty new power plants - electricity comes out of the wall."
"- Barbara Boxer cares about people like me."
"- My husband is still a Republican...but he doesn't vote any more."