California....what happened?

Discussion in 'Economics' started by Stosh, Feb 9, 2009.

  1. Darshan

    Darshan

    Liberals

     
    #51     Feb 9, 2009
  2. Humpy

    Humpy

    Too many crooks, grafters etc.

    The State can't support them ALL

    Get tough on criminals imho - flog the small fry and

    Fry the big ones

    end of problem
     
    #52     Feb 9, 2009
  3. Stosh

    Stosh

    Funny how the liberal left seemed to stay away from this thread. Seems like they should be able to blame it on somebody.......maybe it was Bush's fault. Stosh
     
    #53     Feb 9, 2009
  4. gnome

    gnome

    I think you're basically correct, but that doesn't apply to government. It's like a cancer... ever growing, ever consuming more... won't scale back prudently... just take, take, take until it all collapses... and takes all the innocents down with it.

    Same true at the Federal level... just takes longer and is more covert because they can print money.
     
    #54     Feb 9, 2009
  5. I was actually looking forward to someone posting here...I want to know the counterargument, although it will probably be extremely lame like you say.
     
    #55     Feb 9, 2009
  6. Stosh

    Stosh

    Sad, but probably true. I guess that is one of the main reasons for the rise and fall of so many governments throughout history.......and why the brief history of our system should only be referred to as an experiment. Probably the best we can hope for is that when things get bad enough, reason may prevail.....but we could just as easily say free markets don't work and kill the goose that briefly laid golden eggs.
     
    #56     Feb 9, 2009
  7. I'll say it again and I am not a liberal:

    Nobody seems to have mentioned that Enron fucked this state out of about 30 billion (some estimates are higher) during those fabricated "rolling" blackouts.

    That's what put us into debt in the first place and got Davis essentially thrown out of office.

    How does a state recover from a hit like that?" As another poster said, we can't exactly print money.

    Who exactly decided that deregulating energy was the way to go per Enron?

    Mike
     
    #57     Feb 9, 2009
  8. tradersboredom

    tradersboredom Guest

    gov't needs to get back to basics.

    debt must be paid either by taxes or inflation.

    money doesn't grow in trees
    there is no free lunch.
    income taxes are from working slaves.

    taxes are not a right.




     
    #58     Feb 9, 2009
  9. slacker

    slacker

    True

    When Mayor Ed Koch was voted out of office he replied, "Well the people of New York have spoken; and now they must be punished".

    With Obama the American people have spoken and we all will be punished.

    "The trouble with socialism is that you eventually run out of other people's money" –Margaret Thatcher.

    How long will it take for the U.S. Government to run out of credit?
     
    #59     Feb 9, 2009
  10. gnome

    gnome

    If you read some about world economic history, it's ALWAYS government that brings destruction upon its people.

    The Founding Fathers knew that. They had a wealth of knowledge about European history.

    They were VEHEMTLY against (1) a large and powerful Federal Government, (2) a Central Bank, and (3) paper money... DEMANDED that "money" be only "gold and silver coin"... for the obvious reasons.

    Look where we are today... :mad:
     
    #60     Feb 9, 2009