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California On Verge of Fiscal Recovery

Saturday 15 May 2010 - Filed under Dumbassery + Journalism + Taxation

California IOUDespite the fact that California has been in dire financial straights for at least the last 3 years, is currently in the fiscal shitter, in the midst of a $19.1 billion budget gap with one of the highest unemployment rates in the country, has been compared to the failed euro zone states, is looking to slash over $12 billion from their budget, which was caused by obscene government spending and the progressive taxation and regulation of both businesses and individuals, and shows no signs of being able to get themselves out of it, Jennifer Steinhauer of The New York Times has decided that “California’s economy is crawling back towards life.”  It’s nice to see that the editors of the Times demand intellectual honetsy from their writers.

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2010-05-15  »  madlibertarianguy

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  1. The 70/30 Nation | mad libertarian guy
    21 May 2010 @ 10:51 pm

    […] of statism in America, look no further than that big fucking state on the left coast which is completely in the fiscal shitter with one of the highest unemployment rates in the country.  This is not a Republitard v Libertard […]