California to middle class: Drop dead

This is not a healthy society. And the demographic changes point to an aging population. Far from reducing the burdens on the state government, this will increase them. State officials are not building to meet future needs, but they have been squandering future dollars on excessive pay and pension packages for public employees. Look for a battle between spending to provide services for lower-income Californians and retirement benefits for the most powerful special interest group in the state, public employees.

Advertisement

There’s no chance the state’s most serious fiscal issues will be solved or even addressed soon. Earlier this month, Democratic Assembly leaders announced that they have no time to deal with the governor’s modest pension reform plan. They do have time to deal with hundreds of other bills, most of which range from the silly to the crazy. What’s the chance they will handle any of the other issues restricting California’s economy?

Gov. Jerry Brown points to economic growth in Silicon Valley as evidence of the success of his policies, but that area is an anomaly. The rest of the state is struggling. The anti-business, anti-growth policies pursued by Brown’s party will not make the situation better. People fleeing California are small-business owners, young families and tax-producers. They also tend to be more Republican, which means that, as the exodus grows, so, too, will grow the state’s tax and political problems. There will be fewer taxpayers and less political competition.

Advertisement

California’s leaders want a slower-growing population

Join the conversation as a VIP Member

Trending on HotAir Videos

Advertisement
Advertisement
Advertisement