Newsom demands a country bailout for decades of States’ Poor Planning

The Supreme Leader, who put California into a Depression, a deficit that is larger than the budgets of over 20 States, who ended the Constitutional rights of 40 million people is using the budget to Socialize the former Golden State.

Even with its gargantuan GDP and despite its onerously burdensome tax rates, California needs another $54 billion to plug a hole, which is about a third of the state budget. Now, Governor Newsom is demanding a bailout, but for the decades of California’s bizarre laws, regulations, and poor planning that demand is actually on the other 49 states paying taxes to the federal government, for the bailout.

Let’s look at a few of the criteria like: AB5 and the Gig Economy, High Speed Rail, Unfunded Pension Liabilities, Sanctuary State, Energy, Employment, Homelessness, and Minimum Wage that are bursting the budget bubble of the once great state of California:”

Add to this his 26% cut in the budget for law enforcement, refusal to stop riots and looting, now he wants the Federal taxpayers to bail out his failed policies.  Not going to happen.  Want a reason to Recall him?  This article gives you several.  Go to www.recallgavin2020.com and download the petition, sign and get your friends to sign it.  We need to live in a free State—not an imitation of the Soviet Union.

Newsom demands a country bailout for decades of States’ Poor Planning

Decades of bizarre laws, regulations, and dysfunctional planning are bursting California’s budget bubble

Author Alison C. Gibbs, 7/15/20 

Even with its gargantuan GDP and despite its onerously burdensome tax rates, California needs another $54 billion to plug a hole, which is about a third of the state budget. Now, Governor Newsom is demanding a bailout, but for the decades of California’s bizarre laws, regulations, and poor planning that demand is actually on the other 49 states paying taxes to the federal government, for the bailout.

Let’s look at a few of the criteria like: AB5 and the Gig Economy, High Speed Rail, Unfunded Pension Liabilities, Sanctuary State, Energy, Employment, Homelessness, and Minimum Wage that are bursting the budget bubble of the once great state of California:

AB5 and the Gig Economy

The Governor has virtually destroyed the gig economy with his relentless support of AB5 which makes it nearly impossible for independent contractors to obtain work opportunities. Now the Governor is demanding that the other 49 states help with a bailout for the piece of the economy that he eliminated.

High Speed Rail

The squandering of tens of billions of dollars on utopian frivolities like a high-speed rail that hasn’t rolled a single mile or carried a single passenger after 12 years.  The latest business plan of completing a high speed rail between San Francisco and Los Angeles – that cannot be subsidized by law – is essentially a going-out-of-business plan that is discussed in a Reason Foundation Due Diligence Report.  Now the Governor is demanding the other 49 states to help with a bailout to continue funding its high-speed rail.

Unfunded Pension Liabilities

While residents adjust to changing lifestyles from COVID-19, Californians have huge pension obligations hovering over the heads of younger generations. Once the world’s 5th largest economy, tax-paying Californians now must cope with uncertain future bureaucracy-distributed State and local monetary expenditures along with the state’s unfunded pension debt liabilities of one trillion dollars, or almost 5 times the State’s $220 billion-dollar 2020-21 budget! Now the Governor is demanding that the other 49 states help with a bailout for the lucrative retirement payment obligations of California.

Sanctuary State

California and a handful of other states have proclaimed to be sanctuary states to protect those illegally in their state, with medical, food, and housing assistance. Now the Governor is demanding that the other 40 states help with a bailout to support those illegally in California.

Energy

As Ronald Stein and Todd Royal discuss in their books, Energy Made Easy – Helping Citizens become Energy Literate and Just GREEN Electricity – Helping Citizens Understand a World without Fossil Fuels   

California is the only state in contiguous America that imports most of its crude oil energy from foreign country suppliers to meet the energy demands of the state. Through its dysfunctional energy policies it has forced dependency on out-of-country suppliers that has increased imported crude oil from foreign countries from 5 percent in 1992 to 58 percent today of total consumption. The imported crude oil costs California more than $60 million dollars a day, yes, every day, being paid to oil-rich foreign countries, depriving Californians of jobs, careers, and business opportunities.

The Governor perpetuates continuous cost increases with his mission to stop or reduce in-state oil production even more and is seeking to permanently ban oil-shale fracking technology’s use which would escalate costs and emissions from foreign crude oil imports to California to fill the gap of ever-declining California and Alaska production, further crippling the State, forcing the continuation of California  as a remarkable national security risk for the USA.

The Governor wants to increase that energy expense for the state, already at $60 million dollars every day, again with the costs being borne by those that can least afford it.

California professes to be the leader of everything and spouts voracious pride of being the State that  imports more electricity than any other state, and to the detriment of Californians, the costs of expensive imported electricity is being borne by residents and businesses alike, and precisely hard hitting to our disadvantaged residents, particularly Latinos and African Americans. California households are already paying 50% more, and industrial users are paying double the national average for electricity.

As California plans to shutter three natural gas power plants and its last nuclear power plant the impact of power plant closures in California are assured to further increase the cost of electricity to Californians. Those four power plants have been providing continuous uninterruptible electricity to Californians. With the state having no plans to replace the capacity of those closures with in-state intermittent electricity from wind and solar, the state will need to import more high-priced electricity to fill the void, if other states even have that extra capacity, and let residents and businesses pay the premium. Now the Governor is demanding that the other 49 states help with a bailout for its dysfunctional energy infrastructure.

Employment   

With the states’ “successes” of driving much of manufacturing out of the state, California has become a heavily service oriented state for its 90,000 restaurants and the leisure and entertainment industries. Since 2008, the state has created five times as many low-wage jobs as high-wage jobs, according to an analysis of Bureau of Labor Statistics numbers. Most jobs produced pay less than the median wage, and 40% pay under $40,000 a year.  Now the Governor is demanding that the other 49 states help with a bailout to lighten the load of unemployment expenses.

Homelessness

Like Germany and Australia, and their experiences with disasters to their economy and environment from the green movement, California is following, not leading as they would like you to believe, into known disastrous territory. Just like Germany and Australia before trudging into the green morass, our leaders cannot “see’ the direct correlation between energy costs for electricity and fuels, and homelessness and poverty. Now the Governor is demanding that the other 49 states help with a bailout to assist in building housing and feeding for this growing population segment.


Minimum Wage

When you examine the above facts, you can see the grim data: 1) some of the highest cost of housing and living in the nation, 2) unstoppable costs of more regulations, and taxes, 3) some of the highest costs for electricity and fuels in the nation, and 4) increased minimum wages targeted toward businesses that are just passed through to the consumers of the services and products from those businesses. Now the Governor is demanding that the other 49 states help with a bailout for ever incurring increase to California cost of living.

Governor Gavin Newsom and state lawmakers should stop trying to sell the myth of the California dream. On its current trajectory, this state is socially, fiscally, and economically unsustainable. Instead of demanding a Federal bailout, the Governor should be seeking a vote of confidence from the other 49 Governors that California’s “leadership” for decades of bizarre laws and regulations and poor planning have their respect for a bailout, or let Newsom use his imagination to see that the first stop may be bankruptcy of the state.

About Stephen Frank

Stephen Frank is the publisher and editor of California Political News and Views. He speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows. He is a fulltime political consultant.

Comments

  1. Really??? says

    You have to enjoy the dark humor with this one. The Democrats have clearly stated they want the wealth produced by workers and companies that hire the Workers.

    You know the type who love to sit back smoke a few, have a few drinks and then want to have someone else pay for their livelihood.

    They have bankrupted the state, and continue with project that have failed because it is the “Marxist Thing to Do”.

    Look at the Waters item today and you will get it. Socialist theft under the cover a compassion. Do you really think you do not pay enough in taxes?

  2. Democrats converted our golden California state to poor state due to their worst policies. If we don’t wake up now, it will be too late.

    Take all these radicals out and help our people

    Thanks
    Ritesh Tandon
    http://www.tandonforcongress.com

  3. William Hicks says

    So does the teachers union at LAUSD. Keep in mind, under their guidance, we have a couple generations of heads full of mush leftists.

  4. TheRandyGuy says

    Trump has already denied Minneapolis federal funds to repair the damage the local leaders allowed the ferals to inflict. With any luck, he will deny CA any federal funds which will force actual budget cuts for the first time in more than a decade. If he does decide to provide funds, they should be administered by a federal overseer, not given to the financial illiterates and crooks in Sacramento.

  5. Richard Wahl says

    The teachers union in LA wants to target anyone with over $1 mil with more taxes. That should kill off a big chunk of small businesses. Just because it is the LA teachers union does not mean the rest of the state can breathe easy. That rot is like leaven. It spreads like a virus.

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