How Much Proof Do You Need?

Since this blog started I've been touting the evils of Keynesian economics and government-run systems like public education. The People's Republic of Kalifornia, as you can read in this article, has a massive budget shortfall and the schools are going to take a major hit. The state is imploding before our very eyes. Unfortunately, as Bernanke prints money like a fool and Obama stimulates our way to the Third World, all of Amerika will look like this soon. How much proof do you need, comrade?

Do you need any more proof?

All presidents and congresses use Keynesian economists to "help" them guide the economy. Unfortunately for all of us, Keynesian economics, what they teach in high schools and colleges, doesn't work. How do I know? History. Take a look at the current state of California, which is going broke. After years of Keynesian economics, how well is California doing? Take a look from an article on Bloomberg today:

California, the most-populous U.S. state, forecasts it will collect about $42 billion less than it will need to pay its bills over the next 18 months because of the yearlong national recession.

If Keynesian economics was so good, why is California in dire straits? Is there anyone who needs any more proof? The U.S. is in a recession that will last a long time. Time to get rid of Keynesiansim and use free market, or Austrian, economics. Ludwig von Mises and the rest of the Austrians get it. The government and the Keynesians don't.

The future of America

As you can read here in this article, California is broke. There's a massive financial shortfall, and the state may need help from the federal government. That means you and I may have to pay to keep California from collapsing.

Amazing what happens in the public sector. Runaway spending, no accountability, and petty bureaucrats spending other people's money. Unfortunately, this looks like the future of the entire country, since the entire banking system is insolvent.

Soviet style education

You couldn't pay me enough to live in the People's Republic of California. That state is the closest thing to one of the former republics in the former Soviet Union, may it rest in peace. As always throughout history, whether it be countries, states, provinces, or empires, whenever you try to repeal the fundamentals of economics, failure is the result. Here's another amazing article that states how California's school system is melting down.

What's the governator to do?

The People's Republic of California

I long age nicknamed the big state out west the People's Republic of California. After all, with its high taxes and excessive regulation, it's the closest thing we have to a full-blown socialist state here in the good 'ol USA (not to mention my home state of New York, Taxachusetts, and New Jersey, where its against the law to pump your own gas and serve runny eggs).

As you can read in this article, the state is melting down with a $16 billion dollar shortfall. It's credit rating is higher than only one state, Louisiana. What's the governator to do?

The People's Republic of California

There's a few high-tax states I could never live in, especially New York, Taxachusetts, and The People's Republic of California. As evidenced by this article, this is what happens when you create a nanny state that tries to do everything for everyone. Tax and spend, tax and spend. This eventually equals to meltdown. California is staring at a $14 billion dollar shortfall! When the revolution eventually comes, expect it to start in Cali.