Jason M. Hendler
11-05-2008, 12:05 PM
California's Proposition 7 would have implemented a Feed In Tariff to accelerate the transition of CA to 50% renewable energy by 2025. Fortunately, the residents of CA said:
to higher taxes. Utilities can already get long term financing on existing renewable energy technologies to produce energy competitively with coal - no need to reach into the average citizen's back pocket.
11-05-2008, 12:43 PM
Californians have smarten up during the hard economic times!
Still we have a big problem. 85% of our State Budget is paying for the entitlement programs which the legislative has successfully fooled the voting public into acceptance. Now there is only 15% left for budget adjustment, and the problem is, we don't have enough revenues for all the entitlement programs. It may be time to high tail out of California. I wonder which State haven't sold their future to entitlement programs? ( If there's none, California still has nice weather year round, like we can go to snow but don't need to plow our driveways. We can go to the beach and surf after snowboarding in the same day. )
Jason M. Hendler
11-05-2008, 03:28 PM
If you look at the break down of outflows from our federal government, over half goes to social security and medicare, so if you move anywhere in the US, you will still be crushed by the liabilities.
That is why I am so giddy about Obama and his Democratically controlled Congress having to meet their promises with no Republicans to kick around. The first thing out of Obama's mouth was - maybe it will take a year, maybe it will take the whole first term - he is already kicking the can down the road, because he knows federal and state governments cannot meet current commitments for entitlement programs, much less future ones.