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Obama Should Tell California to Drop Dead

May 31st, 2009 | economy, government, politics by Peter Schiff

A federal bailout would spare California from having to make spending cuts needed to bring its budget into balance. The matter has become urgent since California voters rejected several tax-hiking ballot initiatives. Rather than taking the vote as a signal to dramatically curtail spending, the state turned to the feds. If they get a free pass, the politicians can avoid fixing any of their past mistakes or preparing California for the future. FULL ARTICLE

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2 comments ↓

#1 Michael Boldin on 05.31.09 at 5:06 pm

I live in CA and I couldn’t agree more!  Unless people learn from their mistakes – they’ll continue them.   Giving them money after being so fiscally irresponsible is like giving your kid a present for not doing his homework.

#2 Censorship Sucks Balls on 06.03.09 at 9:57 am

I live in Cali and I agree that a bailout wouldn’t do any long term good. There needs to be budget and spending cuts in the areas of state gov where there is too much. I say pay all politicians state minimum wage until the budget is balanced. Afterwords give them “fair” wage instead of insane wage.

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