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01-07-2010, 12:15 PM #1
If you live in California ... run!
January 6, 2010 | 8:16 PM ET
If you live in California ... run!
If you live in California, you might think about running! I just read Gov Schwarzenegger's 2010 State Address and the trend he outlined is grim. Here are just a few things he said:
1. There are 38,000,000 people who live in California. About 50% of the state revenue (state income tax) is from 144,000 people.
2. 30 years ago, 10% of the general fund went to higher education and 3% went to prisons.
and now?
7.5% goes to higher education and 11% to prisons.
The above is a lousy trend.
3. When President Clinton was President, California got 94 cents on the dollar back from the Federal Government. And now? California gets only 78 cents.
The above is a lousy trend.
(And note: Texas gets 94 cents, Pennsylvania gets $1.07, and Alaska gets $1.84...and New Mexico? $2.03)
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