Tuesday, March 10, 2009
California Death Watch-2
"If you thought Washington's stimulus debate was depressing, take a look at the long-running budget spectacle in Califorina. The Golden State's deficit has reached $42 billion. Governor Arnold Schwarzenegger is threatening to furlough 20,000 state workers (Go ahead, make our day), and as we went to press yesterday, Democrats who control the legislature had blocked lawmakers from leaving until they finally get a deal. ... Roughly 1.4 million more nonimmigrant Americans have left California than entered over the last decade according to the American Legislative Exchange Council. ... The tragedy of this gamesmanship is that the political class still won't address the root cause of its financial problems, which is that the state is becoming less economically competitive. California businesses and high-income families already pay a surtax for locating inside the state. The new budget deal raises that tax toll higher still", my emphasis, Editorial at the WSJ, 18 February 2009.
"Middle-class, tax-paying Americans are fleeing, and millions upon millions of impoverished, uneducated, non-English speaking migrants from rural Latin America and beyond have taken up residence in California. According to Census Bureau numbers, while roughly 168,000 Americans flee the state each year, almost 250,000 legal and illegal immigrants move to California", Scott Pomerantz (SP) letter to the WSJ, 25 February 2009.
Amazing. The WSJ still didn't figure out why California is becoming less competitive. Hint: why did "1.4 million more nonimmigrant Americans" leave than enter California in the last 10 years? The open borders WSJ will never figure it out. The WSJ believes importing "cheap" labor is good for the US "economy", whatever that is. Look at California and see if you agree with the WSJ.
SP figured this out.