California Raising Taxes Again

CARTOON BY  TONY BRANCO

JUST A FEW SHORT YEARS AGO IT WAS SAID THAT CALIFORNIA SET THE TREND FOR THE NATION.  OOPS IF THAT'S THE CASE WE'RE IN REAL TROUBLE.  THOSE POLITICIANS IN THE CALIFORNIA STATE HOUSE SEEM TO THINK THEY CAN TAX THEMSELVES OUT OF THE FISCAL MESS THE STATE IS IN WITH ONE CITY AFTER ANOTHER DECLARING BANKRUPTCY.  WHEN WILL THE ENTIRE STATE TURN TO THE FEDERAL GOVERNMENT FOR A MASSIVE BAIL OUT?  A BAILOUT THAT WOULD BE THE MOTHER OF ALL BAILOUTS.  BUT WAIT, WE ARE BROKE.  CALIFORNIA'S SOLUTION IS NOT MORE TAXES BUT MORE SPENDING CUTS.  BUT THIS IS NOT POSSIBLE BECAUSE THE MAJORITY OF VOTERS IN THAT STATE ARE DEPENDENT IN ONE WAY OR ANOTHER ON STATE MONEY.  PERHAPS BANKRUPTCY WITH NO BAILOUT IS THE ONLY SOLUTION, HOWEVER PAINFUL THAT MAY BE.

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