California as a Model? It’s Not All Dope and Skittles

By June 30, 2009Economy, Taxation

From President Obama’s remarks Monday on energy and cap-and-trade legislation, offering California as a model for the rest of the country:

Think about that. California — producing jobs, their economy keeping pace with the rest of the country, and yet they have been able to maintain their energy usage at a much lower level than the rest of the country.

From the weekend, “Controller: IOUs signal Calif fiscal mismanagement“:

SACRAMENTO, Calif. (AP) — Thousands of Californians will be hurt and it will cost millions if the state is forced to hand out IOUs instead of payments next week, the state controller said Friday. The IOUs could come as soon as next Thursday, yet lawmakers remained no closer to a budget compromise.

State Controller John Chiang (CHUNG) said Gov. Arnold Schwarzenegger and lawmakers need to come up with a complete solution to the state’s $24.3 billion deficit instead of making a political statement.

Some government entities are so strapped for cash, they’re thinking of taxing marijuana sales.

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