Quote from Mike805:
I'll say it again and I am not a liberal:
Nobody seems to have mentioned that Enron fucked this state out of about 30 billion (some estimates are higher) during those fabricated "rolling" blackouts.
That's what put us into debt in the first place and got Davis essentially thrown out of office.
How does a state recover from a hit like that?" As another poster said, we can't exactly print money.
Who exactly decided that deregulating energy was the way to go per Enron?
Mike
========================Quote from blackjack007:
for the last 20 years, california has ranked between 2nd and 11th in the USA in total tax burden per capita (as a percentage of personal income).
when a state consistently brings in high tax revenue and STILL has an epic budget problem, that leads you to the answer: the state can't control its f**king spending!!!
Quote from gnome:
If you read some about world economic history, it's ALWAYS government that brings destruction upon its people.
The Founding Fathers knew that. They had a wealth of knowledge about European history.
They were VEHEMTLY against (1) a large and powerful Federal Government, (2) a Central Bank, and (3) paper money... DEMANDED that "money" be only "gold and silver coin"... for the obvious reasons.
Look where we are today...![]()
Quote from Tigerjaw:
(I recently asked my nephew, who is a freshman in high school, what he was taught about money, U.S. history and civics and his answer was . . . . . nothing. )