California Is Broke - Why It May Be Time For Everyone To Leave The State Of California For Good

The Economic Collapse ^ | 10-25-2010

[Teotwawki]

A company I worked for transferred me to California (I went reluctantly). I spent 20 years there and escaped about three years ago. Heading cross country we kept making up new versus to that song as we "loaded up the truck and we moved to Tennessee."

[5thGenTexan]

Hey, Californian defectors: IF you want to come to Texas, fine. Just leave the liberal idea in CA when you come.

I know this is rhetorical since all the Californians reading this are conservative...

[GonzoGOP]

California Is Broke - Why It May Be Time For Everyone To Leave The State Of California For Good

California needs to be broken up. Two new states North and South California would be created. All contracts with the prior state of California would be voided. Any assets of the prior state would be liquidated to pay off the liabilities. If the pension system is 80% under funded, then you get paid 20 cents on the dollar. Public lands would be sold off to help ease the burden.

The new states would start with a clean slate. They would have to be frugal since nobody would loan them money after being burned by old California. In fact it might be wise to require the new state constitutions to prohibit the state from issuing unsecured bonds. The welfare state must collapse, and a new state born from the ashes. It cannot be fixed, propped up or modified. And the longer you delay the collapse the worse shape your infrastructure will be in and the harder it will be to rebuild. So you may as well just declare bankruptcy and get it over with.

[DakotaGator]

Well, here's one thing California could do; stop pandering to illegal aliens!

That means: No housing, welfare, medical, education, and linguistic benefits to anyone who cannot prove he is a US citizen and permanent resident of California. And when I specify linguistic, I mean no de facto government dual language.

That won't solve all of California's debt problems or even the majority of it. But it will make a big dent in it.

At the same time California can start truly deregulating the power companies and slash the state's regulatory agencies. Plus it can embrace and profit from offshore drilling. This will all lead to inexpensive energy and a direct revenue stream. Plus with energy prices falling consumers will actually be able to purchase items thus generating more business and more revenue.

Of course, that's the American way; not the Kalifornia way.

[rivercat]

Dream on, man! Northern California is still the best place to live, anywhere.

[NeverForgetBataan]

Wow. What a turnabout. In the Great Depression many “Okies”
left the dust bowl for Caleefor-ny-ay.

Ok. Come on back.
Unless your a liberal..... In that case.... please stay.

[snuffy smiff]

Then would you mind explaining why the RINO ‘tard lindsey graham keeps getting re-elected?

And BTW, it WAS the best region in America-libtards and democommies are now thick here and working dilligently to despoil it just like every other place they’ve ever lived...

[sonic109]

Wait till Jerry Brown , that wacko , gets back in office. He destroyed the state and the moron pot heads out there are going to give him another chance to do it again.

[RobRoy]

This sort of thing simply does NOT get fixed voluntarily. I’ve been boycotting the state for years.

[roses of sharon]

Gone South?

More like gone 3rd world!

[RobRoy]

Take away the businesses, and there is really not a lot there. There are some pretty places on the northern coast, but it’s kinda hot and dry in the rest of the state.

And the indians had a name for the LA area long before there was a city there that basically meant “smoggy valley”.

[stylecouncilor]

ping

[RobRoy]

>>The federal government will bail out California.<<

They may try, but I think it is too big to not drag us right down with them, especially since we’re going down too. And if the R’s get control it will definitely be less likely.

[RobRoy]

>>...they will demand that Obama cut them a big check. <<

But presidents cannot spend money. Thay can only approve the congress spending it. And with a republican congress, this could get extremely interesting.

[RobRoy]

I hate to say this, but this kinda makes me hope that Brown wins. I get the feeling he and the state were meant for each other and it is only fair that it goes down with him at the helm.

[Ann Archy]

Would the LAST entrepreneur please turn off the lights.

[blam]

"This sort of thing simply does NOT get fixed voluntarily. I’ve been boycotting the state for years."

My son lives there. He bought two more houses there this year. He has four there now.

[albie]

“They want things to be like back home and ruin those states”.

...I’m a Realtor and I see it all the time. Looking at houses with people from New England, NJ, NY that are all excited about our “low property taxes compared to home”. Then in the same breath they’ll talk about the wonders of Obama, Tim Kaine etc. Sickening. Thier crappy voting habits never change.

[Texas Eagle]

You want to know why California is broke? Take a gander at this list of California agencies. Please feel free to post your favorite. Mine is the Dept. of Home Furnishings and Insulation

Click here for A to Z list of California bureaucracies

[YHAOS]

"Hmmm...I wonder if we'll have to come with a new term? :-)"

How 'bout south of the border?