“As you might expect, these intrusions into the public’s lives have done little to improve California’s economic situation. Every new initiative costs the state more money, and those costs are either passed on to the public in the form of new taxes and fees, or simply piled onto the state’s massive debt – a debt that now exceeds that of the entire nation of Greece. What’s happening in California is, unfortunately, not simply an isolated problem. Many in the U.S. Congress have shown a willingness to continue attacking freedoms we previously took for granted.”
http://sovereign-investor.com/2012/10/03/california-state-legislature-problem/
Related posts:
Bill Bonner: Davos Without the Hookers (Part II)
Jeffrey Tucker: Is There A Viable Alternative To College?
You Might Not Read This Because It Says the World Is Getting Better
John Browne Explains the Great Game
Bill Bonner: The war on the young
Bill Bonner: Tough luck for investors!
US Markets Are Running On Borrowed Money, Borrowed Time
Game Theory and Bitcoin
Jeffrey Tucker: Fun and Fascinating Bitcoin
Mike Gogulski: We Need Freedom of Speech in our Financial Commerce
An Inflection Point for US Global Hegemony?
Bill Bonner: How I Explained Bitcoin to My 94-Year-Old Mother
Incredible confusions: Why ‘austerity’ if we can just print the money?
Are Police in America Now a Military, Occupying Force?
The Iraq War: 10 Years Later