Comments on: Government Employment and Bankrupt City: Federal and State Government were Last Secure Employment Sectors. Financial and Economic Contraction. http://www.mybudget360.com/investment-government-employment-and-bankrupt-city-federal-and-state-government-were-last-secure-employment-sectors-financial-and-economic-contraction/ Investing ideas for preserving wealth in a fluctuating market. Thu, 29 Jul 2010 14:34:27 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Catman http://www.mybudget360.com/investment-government-employment-and-bankrupt-city-federal-and-state-government-were-last-secure-employment-sectors-financial-and-economic-contraction/comment-page-1/#comment-3477 Catman Thu, 05 Feb 2009 15:55:27 +0000 http://www.mybudget360.com/?p=518#comment-3477 In reference to the comment about California being bankrupt, I think it needs to be emphasized that the State Controller refused to to issue IOUs and place state employees on furlough until a court order FORCED him to comply with the governor's order. In addition to which the State Controller, Mr. Chiang, has spent an estimated $2 million on new furniture for his office while this idiocy that is the budget crisis has continued. The state representatives and senators continue to look for ways to continue their out of control spending on "social programs" and perks for themselves while attempting to find ways to force the state taxpayers to foot the bill through higher "fees" and outright taxation. Vallejo is a study in failed Liberal policies. That city was dead as soon as the Navy was forced to shut down the Mare Island Naval Shipyard. There is no industry, businesses have fled, attempts at attracting new growth have failed due to the ridiculous restrictions placed on prospective businesses and developers. The biggest "employer" is a hamburger joint on Sonoma Avenue where the prostitutes congregate. In reference to the comment about California being bankrupt, I think it needs to be emphasized that the State Controller refused to to issue IOUs and place state employees on furlough until a court order FORCED him to comply with the governor’s order. In addition to which the State Controller, Mr. Chiang, has spent an estimated $2 million on new furniture for his office while this idiocy that is the budget crisis has continued. The state representatives and senators continue to look for ways to continue their out of control spending on “social programs” and perks for themselves while attempting to find ways to force the state taxpayers to foot the bill through higher “fees” and outright taxation.

Vallejo is a study in failed Liberal policies. That city was dead as soon as the Navy was forced to shut down the Mare Island Naval Shipyard. There is no industry, businesses have fled, attempts at attracting new growth have failed due to the ridiculous restrictions placed on prospective businesses and developers. The biggest “employer” is a hamburger joint on Sonoma Avenue where the prostitutes congregate.

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