The Golden State, which once represented the promise of America, is mired in swampland of broken promises, graft, political stupidity and liberal fantasy.
It isn’t that John Ransom hates bankrupt California so much as he hates how it manages to lead the field in financial fantasies, bankruptcies, and political corruption. Other than that, I’m sure he thinks it’s a very nice place.
I’ve written about bankruptcies in places like Stockton and elsewhere, but Ransom goes me one better: it’s inculcated in its culture. Make promises you can’t keep and then arrange for someone else to pay for them!
Beautiful credit! The foundation of modern society. Who shall say that this is not the golden age of mutual trust, of unlimited reliance upon human promises? That is a peculiar condition of society which enables a whole nation to instantly recognize point and meaning in the familiar newspaper anecdote, which puts into the mouth of a distinguished speculator in lands and mines this remark: “I wasn’t worth a cent two years ago, and now I owe two millions of dollars.”
What about corruption in California? He mentions Maxine Watters, one of the most corrupt members of Congress, who used her influence to redirect TARP funds to family members, stole taxpayer and campaign funds for personal use, and directed government business to members of her family as well.
Even Wikipedia agrees with this:
Citizens for Responsibility and Ethics in Washington (CREW) named Waters to its list of corrupt members of Congress in its 2005, 2006, 2009 and 2011 reports. Citizens Against Government Waste named her the June 2009 Porker of the Month due to her intention to obtain an earmark for the Maxine Waters Employment Preparation Center.
And then there’s Congressperson Laura Richardson who suffered a reprimand from Congress for pressuring her office staff to work on her political campaigns and then cover up violations by “coaching her staffers [how] to lie to investigators.”
And of course there is the governor, Jerry Brown, who refuses to face the reality of a $16 billion budget shortfall and goes ahead with the “bullet train to nowhere” which is estimated to cost $68 billion, which taxpayers voted for back in 2008 but who would vote against it if asked today.
Ransom puts it well:
Bankruptcy doesn’t seem to be so much of a possibility as it is a feature of California’s government, economy and public ethics.
What are your thoughts on California’s spending and corruption? Sound off in the comments section below!