This from endoftheAmericandream.com:
#1 The California state government is facing a potential state budget deficit of 19 billion dollars this year, and California debt is rapidly approaching junk status. One way or another the taxpayers of California are going to have to pay for this mess somehow.
#2 California Governor Jerry Brown recently unveiled a “draconian” budget plan for 2011 that includes 12 billion dollars more in spending cuts and that maintains 12 billion dollars in recent tax increases.
#3 The state of California currently has the third highest state income tax in the nation: a 9.55% tax bracket at $47,055 and a 10.55% bracket at $1,000,000.
#4 California has the highest state sales tax rate in the nation by far at 8.25%. Indiana has the next highest at 7%.
#5 Residents of California pay the highest gasoline taxes (over 67 cents per gallon) in the United States.
#6 California had more foreclosure filings that any other U.S. state in 2010. The546,669 total foreclosure filings during the year means that over 4 percent of all the housing units in the state of California received a foreclosure filing at some point during 2010.
#7 Home prices in some areas of California have completely fallen off a cliff. For example, the average home in Merced, California has declined in value by 63 percent over the past four years.
#8 725 new laws (most of them either completely pointless or completely stupid) went into effect in the state of California on January 1st.
#9 20 percent of the residents of Los Angeles County are now receiving public aid of one kind or another.
#10 The number of people unemployed in the state of California is approximately equal to the populations of Nevada, New Hampshire and Vermont combined.
#11 In some areas of California, the level of unemployment is absolutely nightmarish. For example, 24.3 percent of the residents of El Centro, California are now unemployed.
#12 Residents of California pay some of the highest electricity prices in the entire nation.
#13 The state of California ranks dead last out of all 50 states in the number of emergency rooms per million people.
#14 According to one survey, approximately 1 out of every 4 Californians under the age of 65 has absolutely no health insurance.
#15 At one point last year it was reported that in the area around Sacramento, California there was one closed business for every six that were still open.
#16 In the late 70s, California was number one in per-pupil spending on education, but now the state has fallen to 48th place.
#17 In one school district in California, children as young as five years old are being forced to watch propaganda films that tout the benefits of “alternative lifestyles”, and parents are being told that no “opting out” will be permitted.
#18 The crime rate in the San Diego school system is escalating out of control. The following is what San Diego School Police Chief Don Braun recently told the press about the current situation….
“Violent crime in schools has risen 31 percent. Property crime has risen 12 percent. Weapons violations (have gone up) almost 8 percent.”
#19 Oakland, California Police Chief Anthony Batts announced last year that due to severe budget cuts there are a number of crimes that his department will simply not be able to respond to any longer. The crimes that the Oakland police will no longer be responding to include grand theft, burglary, car wrecks, identity theft and vandalism.
#20 Things have gotten so bad in Stockton, California that the police union put up a billboard with the following message: “Welcome to the 2nd most dangerous city in California. Stop laying off cops.”
#21 During one recent 23 year period, the state of California built 23 prisonsbut just one university.
#22 The farther you look into the future, the worse California’s financial problems become. According to an article in the Wall Street Journal, California’s unfunded pension liability is estimated to be somewhere between $120 billion and $500 billion at this point.
So could the state of California actually go bankrupt?
In Washington D.C., some lawmakers are now working very hard behind the scenes to come up with a way to allow individual U.S. states to declare bankruptcy.
- “Isn’t it great to live in a society where the penalty for lying to a congressman can be up to 30 years in jail, but the penalty for a congressman lying to you is another two years in office.”
- Something to read to the kids, if 12 years old…