Tuesday recorded two other elections
just as important as the Wisconsin recall. Both took place in California,
my home state. You may or may not know, but California public
unions have acquired 500
billion dollars of unfunded retirement liabilities and
continue to insanely demand more and more money from the taxpayer. The
national media often talks about California's budget problems and its 16
billion dollar short fall. But it never mentions the bigger story and the
$500 billion deficit in its pension promises (all
contractual affairs - in other words, we are stuck with this mess).
I could go on and on. Suffice it to say that California's
Democrat and Big Government Republican (we call them "Establishment Republicans") management is an utter joke. This state is on the
fast track to becoming the first state in the Union to be bailed out by the
Obama government.
With this context in mind, there were two muni-elections on
Tuesday and the results were absolutely shocking.
The first involved San Diego to the far
south of the state. San D is a conservative region, by comparison (but
not "Republican"). On Tuesday, the citizenry of that city voted to
reduce the pension packages of its public unions and the vote garnered 66% of
that city's voting population. The unions fought this vote, of course,
but their efforts were decimated.
The second election is even more telling. San Jose, as
liberal a region in this state as there is, also voted to reduce union
pension plans. And the vote in that election was 70% for these
reductions. Truly amazing.
Obama is all talk when it comes to his opposition to "trickle
down economics." Welfare assistance is just that -
trickle down. So too are bail-outs and, in this case,
bail-outs offered to the several States in the Union. With California in
mind, understand that if a state's economy is to be brought under
control, two things must happen: first, there must be a refusal of
outside "aid." Such only puts off the inevitable.
Protracted and well planned spending cuts accomplish the same thing as a bail-out and actually solve the problem, of fiscal embalance; two, city governments must bring their economies in line with honest
revenue projections. This second consideration is a "bottom
up" solution that will be lost if the larger state government refuses to
balance its budget without borrowing money. But, enough with my
scrub opinion on financial resolution.
Point of post: to let
the readership know that the "spending rebellion" seen in Wisconsin
and locales on the East coast, has spread to the very liberal Left coast,
as well.
After decades of spending as if there were no limits, “regular”
Liberals and Establishment Conservatives are learning the following lesson --
something I knew before getting out of the third grade, by the way:
you can promise the moon, but if your only means of transportation is a
Chevy Vega, the only space trip you can afford is a short drive off a
long pier.
In other words, all intended “good deeds” and fiscal planning
must be crafted in the world of fiscal reality. Liberals resist this bit of wisdom, even ridicule the idea, but only as long as they have access to other
people’s money and,or a printing press.
The money is gone. Time
for change is now.
_________________________
End notes
Figures for California's unfunded pension problems come from the
Orange County Register (link) -
the biker boys on cable live in Orange County, Florida, by the way.
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