Despite a much-heralded recovery in the media and by Governor Jerry Brown, California still has one of the nation’s highest unemployment rates. Also, more than 30% of the nation’s welfare recipients are Californians – even though California has just 12% of the nation’s population. It is not surprising, therefore, that California is ranked number one in poverty.
The cause for those bad statistics is bad government policy. California is the most regulated, highest-taxed, most in-debt state in America. According to government data, from the municipal to the state level, California governments have more than $1.1 trillion in debt – much of that tied to pensions.
[A]fter California Republicans fought for a greater emphasis on water storage, Brown agreed to a bond that spends $2.5 billion on water storage – a figure woefully short of what is needed. Obviously, Brown thinks high-speed rail is 27 times more important than water storage.
Neither that water bond nor any other state level effort currently underway will sufficiently add to the amount of available water now or in the future. Water equals jobs, however, and without a far-reaching effort such as building 60 desalination plants at the same cost as the high-speed rail project – plants that won’t need future subsidies, the California economy is on an economic collision course with immigration.
Tuesday, August 19, 2014
California's Economic Collision Course: Immigration and Water
Hard hitting CA article. I've been following CA stupidity now for a number of years. This article pretty much sums up the last couple of years pretty well.