Why does the state of California seem to be so incredibly hopeless? These days
California can't seem to do anything right, and if you live in California things
just got a whole lot worse. Governor Brown has announced that the state budget
deficit for this year is going to be much larger than projected, that more
government services are going to be cut and that voters are going to vote on
another round of tax increases in November. Meanwhile, unemployment is sitting
at 11 percent and extended federal unemployment benefits for workers in the
state are ending. Because California is one of the worst places in the nation
to conduct business, there has been a steady flow of companies leaving the
state. Those companies have taken a whole lot of good jobs with them. Due to
the lack of jobs and a steady stream of impoverished immigrants coming in from
Mexico and other countries, poverty in the state has exploded and crime is
rapidly increasing. California may be the land of "endless sunshine", but for
the California economy there are only dark clouds on the horizon. The state is
coming apart at the seams and there is not much hope that things are going to
turn around any time soon.
These days, California is very similar to Greece in many ways.
Just like Greece, California has had round after round austerity.....
http://theeconomiccollapseblog.com/archives/if-you-live-in-california-things-just-got-a-whole-lot-worse
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