The National Review reports:
California managed to achieve all at once the nation’s highest sales and income tax rates — and yet also the largest annual state deficit. So far under Republican governor Arnold Schwarzenegger’s tenure, state spending grew by 34.9 percent, well beyond inflation — and of population, which increased by only 21.5 percent. And yet the governor often prevented the state legislature from spending even more it didn’t have.
It's worse than that:
California has the worst credit rating in the nation. It has the fourth-highest unemployment rate and the second-highest home-foreclosure rate — thanks to enormously inflated prices due in part to complicated building regulations, high labor costs, and often Byzantine land-use restrictions. California’s net state-to-state migration loss is higher than that of any other state. Most reports suggest that those who are leaving the state are far more highly educated than those entering it.
It's good to know California has at least
3600 prison guards making over 100K a year!
