McClintock Compares California's Financial Woes to Greek Tragedy
A generation ago, California spent about half what it does today AFTER adjusting for both inflation and population growth. And yet, we had the finest highway system in the world and the finest public school system in the country. California offered a FREE university education to every Californian who wanted one. We produced water and electricity so cheaply that many communities didn’t bother to measure the stuff. Our unemployment rate consistently ran well below the national rate and its diversified economy was nearly recession-proof… California’s borrowing costs now exceed the budget of the entire University of California… Although there are many obsolete, duplicative or low priority programs and expenditures that the state can – and should – do without, there aren’t enough of them to come anywhere close to closing California’s deficit.
Read full article [here].
by Congressman Tom McClintock, Hometown Station AM 1220.
