Thursday, February 28, 2013

Part 1 of 5 Conn Carroll: What happened to the Golden State?

Here's part one:

California is no longer a model that other states want to or should emulate. It currently has the nation's third highest unemployment rate, its highest poverty rate and more than one-third of the nation's welfare recipients.

What happened?

To make a long story short, the same political constituencies that have made Brown's Democratic Party invincible at the ballot box have also made the state unable to compete economically. California public employees, who are represented by the nation's most politically powerful government unions, benefit from some of the nation's most generous compensation packages. These unions have made it nearly impossible to keep spending down, thus making debt and higher taxes inevitable.

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