-By Warner Todd Huston
Death Valley is one of America’s most inhospitable places. These days it appears that there’s no accident that Death Valley is situated in California as the whole state is beginning to resemble a desert. More people are now leaving the state than are moving to it, taxes are driving businesses to other states, the state legislature is horribly corrupt and wasteful, and the future looks dark for the state once regaled as the land of milk and honey.
A recent piece in the LA Times found it worrisome that the state is not only losing middle and lower class white workers to other states, but even immigrants, the former population demographic that was growing, are no longer considering California as a final destination.
The Times notes that the 2010 census found that more Californians left the state than people from other states moved to the state, the latter number being a 100 year low. “The most recent census,” the Times wrote, “was the first in a century in which the majority of Californians were native-born.” This reflects that California is not gaining new citizens…
Read the rest at RightPundits.com.
Despite all the talk of fixing it, California’s budget is still a mess. One of those “fixes” was implemented last summer when the state Legislature increased revenue projections by $4 billion to avoid balancing the budget. Of course, the problem with using such “phantom money” is that it often has a habit of disappearing when you need it most. And it has disappeared just when money for schools is needed. Now
One of President Obama’s favorite go-to items to “stimulate” the economy is building new rail lines, especially high-speed rail. Many states have been smart enough to cancel the high-speed rail projects, but oh, not California. California’s project rolls inexorably onward. Still, California does help show the rest of the country why high-speed rail is a boondoggle that should be avoided.
As a result of years of budget deficits and wasteful spending by the state legislature, California faces difficult budget challenges for the next ten years. This bad news is courtesy of a recent analysis of the state’s long-term debt obligations by state Treasurer Bill Lockyer (Download .pdf of
Another in a long line of explosions and other 