Things
In my home state of California there is a humongous problem with the finances of the state. Basically California is broke. The state’s deficit was roughly $ 32 billion in 2023, which grew to more than $46 billion earlier this year and is now around $60 billion.
The dire financial situation marks a far cry from the more than $100 billion surplus the state enjoyed roughly two years ago, but those revenue spikes proved only temporary as rising unemployment, inflation and a slowing of the tech industry has battered California pocketbooks.
As many are aware the state is run by Democrats, and as many are also aware Democrats really only know how to do two things … raise taxes and give stuff away. Again as any thinking person is aware, raising taxes in a state is a sure way to drive both individuals and businesses from that state. Of course, driving away businesses and individuals that pay taxes is a sure fire way to insure that less future taxes will be collected. Consequently, when less taxes are collected and the spending does not decrease the budget deficit gets worse. And thus we have California – the land of fruits and nuts!
But this is not bad enough. Remember that I said that Dems only know how to do two things. The other thing that Democrats are good at is giving stuff away. So in the midst of a budgetary crisis the Dems now want to give stuff away!
From the Daily Caller:
“California lawmakers are one step closer to making hundreds of millions of taxpayer-funded home loans available to residents living in the country illegally.
Democrats on the California Senate Appropriations Committee unanimously approved AB 1840 to move forward on 8/15/24 according to an official vote tally of the legislation. The bill has one last chance to be struck down on the Senate floor, where Democrats wield majority power, before it lands on Gov. Gavin Newsom’s desk. The legislation seeks to amend the California Dream For All Shared Appreciation Loan program, an initiative launched last year that provides first-time homebuyers with a loan of up to 20% of the house’s purchase price for down payment or closing cost. If passed and signed into law, illegal migrants living in California would be eligible to apply for a piece of the pie.”
Approval of AB 1840 came on the same day that Vice President Kamala Harris’ campaign announced she would be unveiling a proposal similar to her home state’s current program: $25,000 in down payment support for first-time homebuyers, including greater support for first-generation homeowners. It’s not clear if the proposal from Harris would explicitly exclude illegal immigrants.
My guess is that initially Kamala would say that illegal immigrants would not be eligible, but she would quickly renege on that if she were to be elected.
8/31/24
californiacontrarian