Just Say No!
You know it must be a bad idea when both conservatives and liberals band together to shout NO! from the rooftops.
The latest genius idea to come from the Assembly Democrats in California is to [drum roll please] Borrow Cash to Save Welfare! What a novel idea! We haven’t heard that before. No, of course borrowing/taxing and spending beyond our means wasn’t what got us in trouble in the first place… was it? You know what they say right?
The definition of insanity is doing the same thing over and over and expecting different results.
- Benjamin Franklin
Yes, I do concede, the Assembly Democrats (as well as the Senate Democrats that want to raise taxes) are off their rockers. Instead of agreeing with Arnold Schwarzenegger and doing the sensible thing by cutting out the fat from overpaid union workers, steep pensions, and unsustainable welfare costs; the Assembly Democrats want to borrow billions more in bonds and raise new taxes on the oil companies. In a nutshell, increase borrowing/taxing and no budget cuts.
The absolute lunacy in this is they want to borrow $8.7 billion from Wall Street against the California Beverage Recycling Fund to be repaid over the next twenty(!) years. Basically, we are borrowing money that is stretched to be paid back with interest over a period of twenty years so we can keep welfare and government jobs running just a bit longer. What about next year? Are they going to pick up another twenty year loan? This is completely unsustainable in the long run and not a solution!
When you know you can’t balance your books, you’re spending beyond your means, it’s time to hunker down and cut the fat. You’re not suppose to, figuratively speaking, go out and sign up for more credit cards to pay off your home mortgage loan. You don’t add more burdens to your already over-stretched citizens by hiking up the taxes (incidentally California already has some of the highest income and sales taxes in the United States).
Of course, there is a good reason why the Democrats are doing this, they are pandering for the welfare and union workers’ votes. But seriously? You were voted in this office to help the state, not move it more swiftly into bankruptcy. Don’t throw the rest of the citizens down the river just so you can increase your paycheck by another 10k next year. How hard is it to get this message through your thick skulls: There. Is. No. More. Money.
And to think I consider myself a Democrat… what a world we live in today.
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