Yet there are still fools who insist that all of Ca.'s problems are the result of prop.13. rofllol
"In California, deficits of various kinds have become a way of life. On top of an annual budget shortfall of more than $26 billion and unfunded pension liabilities that surpass $500 billion, the Golden State is seeing massive shortfalls in everything from domestic migration (a net loss to other states of nearly 1.4 million people from 2000 to 2008, the worst performance in the nation) to private-sector jobs (a net loss of more than 1 million in the two-year period following the September 2008 financial crisis). But one area of the economy continues to generate a surplus of sorts: state government. By the time the California State Legislature’s filing deadline arrived on February 18, Sacramento’s 120 legislators had introduced more than 2,300 bills for consideration in 2011. And 750 new laws from last year’s session have already gone into effect since January.
Unlike most state legislatures, California’s meets full-time. Lawmakers earn an annual salary of over $95,000—still the highest in the nation, though reduced from $116,000 during a wave of public discontent in 2009. With no need for extra income from other employment, state legislators lack meaningful incentives to discharge government duties in a timely fashion or to limit proposed legislation to essentials. That may be part of the reason that California hasn’t balanced its budget on time in 22 of the last 30 years."
Our country could be heading in this direction without there being a correction for fiscal responsibility. It's easy to spend money you do not have, a lot harder to live within your means.
