July 7, 2012
Plato once said we must be involved in politics or be prepared to be governed by our inferiors. The Congress and the California State Government put that truism into the dustbin of history.
California is broke. California is as much an economic basket case as Greece. So what are they doing?
They are spending more money!
California lawmakers approved billions of dollars Friday in construction financing for the initial segment of what would be the nation’s first dedicated high-speed rail line connecting Los Angeles and San Francisco.
The bill authorizes the state to begin selling $4.5 billion in voter-approved bonds that includes $2.6 billion to build an initial 130-mile stretch of the high-speed rail line in the Central Valley. That will allow the state to collect another $3.2 billion in federal funding that could have been rescinded if lawmakers failed to act Friday.
”The Legislature took bold action today that gets Californians back to work and puts California out in front once again,” Brown said in a statement. He later celebrated with Senate President Pro Tem Darrell Steinberg of Sacramento, a fellow Democrat.
Brown pushed for the massive infrastructure project to accommodate expected population growth in the nation’s most populous state, which now has 37 million people. He said the project is sorely needed to create jobs in a region with higher-than-average unemployment.
What kind of idiots are running the show in Washington and Sacramento?
Oh wait, they are Democrats.
If California wants to put more of their citizens back to work, here is a suggestion. Cut taxes. Cut your insane regulations that have anyone with the capacity to start a business or run one and the ability to leave California doing so.
So California is going to spend more money that it does not have. The taxpayers are going to be on the hook for the cost.
Here’s a thought for California. If this high-speed rail was really good idea, the private sector would have done it a long time ago.
Meanwhile will the last Californian with a job leaving for another state, please turn out the lights.