California is, in fact, a perfect petri dish of Democratic policies. This is what happens when you let Democrats govern: You get a state -- or as it's now known, a "job-free zone" -- with a $38 billion deficit, which is larger than the budgets of 48 states. There are reports that Argentina and the Congo are sending their fiscal policy experts to Sacramento to help stabilize the situation. California's credit rating has been slashed to junk bond status, and citizens are advised to stock up for the not-too-far-off day when cigarettes and Botox become the hard currency of choice. At this stage, we couldn't give California back to Mexico.
Democrats governed their petri dish as they always govern. They buy the votes of government workers with taxpayer-funded jobs, salaries and benefits -- and then turn around and accuse the productive class of "greed" for wanting their taxes cut. This has worked so well nationally that more people in America now work for the government than work in any sort of manufacturing job.
Strictly adhering to formula in California, as the private sector was bleeding jobs and money, Gov. Davis signed off on comically generous pensions for government workers. Government employees in the Golden State earn more than the private sector workers who pay their salaries -- and that's excluding the job security, health benefits and 90 percent pension plans that come with "Irish welfare," as government jobs used to be called.
Economists refer to this backward ratio between public and private sector salaries as "France."
Wednesday, August 13, 2003
Ann Coulter maintains that what has happened in California is a result of having a state totally run by the Democrats in every public office.
Posted by Betsy Newmark at 9:45 PM