California, A Shining Example

July 20, 2009 at 9:10 pm Leave a comment

In California, 21 out of the last 25 years have been led by a Republican governor.  Going back to when Ronnie took office in the 60’s, there has only been 2 Democratic Governors.  We can no doubt look to California to illustrate conservative spending and low taxes on citizens.   

 Let’s see:
In California, the Governor releases his budget to the state legislature on January 10th (of each and every year).  

California has the sixth highest income tax rate per capita, according to the Tax Foundation.

The next biggest source of funds is the sales tax — at 8.25 percent, the highest in the country. 

California has over 400 “special funds” that also raise revenue.

IOU: California plans to issue a total of $3 billion by the end of July.

California has the worst credit rating of any of America’s 50 states.

Low taxes… that’s very interesting.  In addition, Cali has over 400 “special funds”.  Sounds to me like they just say stuff.   The worst credit rating, a whopping deficit, and high taxes (which are naturally still increasing to fight the deficit).

If this is the effect of them managing finances in the most populous state in the country (the 10th largest economy in the world), can you imagine if they ran the whole country?  It’d be a financial mess.  Oh, wait…

Sources:
http://en.wikipedia.org/wiki/List_of_Governors_of_California 
http://www.dof.ca.gov/budgeting/budget_faqs/information/documents/BUDENACT.PDF 
http://money.cnn.com/2009/07/12/smallbusiness/california_small_vendors_ious.smb/
http://www.msnbc.msn.com/id/31966634/ns/business-personal_finance/
http://www.ebudget.ca.gov/pdf/BudgetSummary/BS_SCH10.pdf
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article5327474.ece

Advertisements

Entry filed under: Money, Politics. Tags: , , , , , , .

Noonan Describes Palin…Well What’s up with the sharks?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Recent Posts


%d bloggers like this: