New From The Democrat Mint!

Here is an investment suggestion:

Quick go out and get yourself some of them California State I.U.O.s! (And always take advice from someone who knows little of grammar)

These things are going to become a collector’s item for sure.

Ever since the Democrats took over California in the early 90’s and spent and borrowed that state into oblivion this unique investment has been a serious opportunity.

A state as big as California will only be issuing I.O.U.s until it gets back on its feet by borrowing more as it has done regularly since the dot com bubble burst and the state INCOME tax revenue dipped 22%. It is only a matter of time until they go back to using currency again – probably Chinese.

But the investment diversity only begins here.

In short order California, with a Democrat stranglehold on the legislature, will surely be in an even more staggering economic crisis and have to print California I.O.U.s again.

You could collect the whole series, just like with the Franklin Mint offerings of coated gold coins.

Some day never before circulated California I.O.U.s in “mint” (photocopier) condition will be like real money – the kind California used to have.

Next, with Democrats in charge of New Hampshire, one could include our own I.O.U.s in that collection as well.

Oh the suspense of sitting in front of the cameras at the Antiques Road Show waiting to hear what your 50 state I.O.U. collection should be insured for!

See, our Progressive Democrat economists really do have a plan.

Comments

[TotalTalent]

Preeeettttty sure that California has a Republican governor, who if I recall correctly was something of a hero to Ed when he won the recall and got himself elected. If memory serves me right, Ed liked to refer to his pal Benson as New Hampshire's own Governator.

And reality tells us that California's budget problems have more to do with the various propositions installed by right-wing interest groups than anything any CA legislature, right or left, has done.

But, if we deal with reality Ed will have nothing to blog about!

[Observer]

@Clown Man, er Totally Untalented and Unhinged:

How does capping taxes cause bankruptcy?
It's the spending stupid and it's what is damaging your brand day by day, as things get worse and more people start to see how hoodwinked they were.

Yep all we have to do is sit back and watch the trainwreck.

[Total Talent = Total Loser]

Who cares, CA is a dump.

[GreyGhost]

Perhaps Total Talent would like to put his deductive reasoning to work to explain why New Hampshire is runnng a budget deficit after only a few years of a Democrat controlled legislature, (WITH A DEMOCRAT AS GOVERNOR), when prior to that, for many decades, we enjoyed a balanced budget under a Republican legislature.

[TotalTalent]

GreyGhost: good point. I can't imagine the economy has anything to do with it.

What Republicans don't get is that Democrats were swept into office because people liked what Republicans had done and they wanted someone to do the same, but more. Democrats were swept into office because people didn't like what Republicans had done. If the Democrats aren't delivering, the way for Republicans to return to power is not by doing the same thing they've always done. Think hard on this.

What Ed doesn't get is that he wants it to be one way, but it's the other.