Tuesday, February 17, 2009

California Sinking

NBC Los Angeles carries the following Op-Ed, by a "Robert George" about the economic downfall of California. Among other things, George traces the state's original success to bipartisan pro-growth policies of former governors Pat Brown (D) and Ronald Reagan (R). George points out that, under Brown, spending on infrastructure totalled 20 percent of the state's budget. The figure is now 3 percent. George also points out that, by some measures, California is below the national average when it comes to educational achievement by its younger citizens. Perhaps educated Californians are moving elsewhere, where, for instance, income taxes are lower ? Whatever the reason, this statistic does not bode well for the state's economic future.