There is a simple answer to that statement, and all you have to do is review the attached link to The Patriot Post website:
If you check this site you will quickly secure the answer to California’s fiscal problems. There are so many State government agencies and boards (518 by my count) that California’s huge population is not large enough to cover the fiscal obligations. In contrast I checked the website of the Texas Records and Information Locator:
and found that The Lone Star State has 172 state agencies and boards.
It is reported that 1/3rd of all California State taxes collected in 2009 went to payment of pensions, and that situation is predicted to only get worse. The only conclusion one can reach is that BIG GOVERNMENT has run amok.
This is but one State, and this identical problem is facing State after State across this country. It certainly does not bode well for the future of unemployment statistics, and behind closed doors in Washington time is running out to make some hard decisions.
There is no difference between the financial problems confronting California, many other States, and our federal government. There are only a few politicians on the national horizon with the courage to step forward and address this economic time bomb. We must seek out these few courageous leaders, and support their thrift-driven decision agenda. THERE IS BIG TROUBLE IN RIVER CITY.