California
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July 10, 2009. Competitive Enterprise Institute. I know that everybody likes to poke fun at California – but I can tell you right now that despite all of its problems, California remains one of the best places in the world to build a successful small business.
All you have to do is start with a successful large business.
Laugh if you will, but let me remind you that when these policies finish wrecking California, there are still 49 other states we can all move to – and yours is one of them.
Tough Love for California. House Chamber, Washington, D.C. June 11, 2009 M. Speaker: Gov. Schwarzenegger of my home state of California has called for the federal government to underwrite as much as $15 billion of Revenue Anticipation Notes that the state has to issue to avoid insolvency.
I think that would be a colossal mistake, and that such an act would not only dig the nation deeper into the hole it is in, but would actually make California’s fiscal condition worse.
By Tom McClintock A generation ago, California exemplified its nickname, “The Golden State.” State spending was less than half per capita, inflation adjusted, what it is today. Its debt-service ration was less than a third. Yet Californians enjoyed one of the finest highway systems in the world and one of the finest public educations systems in the country. Water and electricity were so cheap that many communities didn’t bother to meter consumption.
By Tom McClintock On June 28, 1991, the California Assembly began debate on what was then the biggest tax increase in California’s history: a $7 billion tax hike pushed by Gov. Pete Wilson that included increases in sales, income and car taxes.