Should California Declare Bankruptcy?

The onetime jewel in this country’s crown of achievement and testament to the “good life” has tarnished to the point were it is unlikely to be restored to its former greatness.  With unbridled spending by a virtual one-party State Assembly and Senate, unsustainable concessions to public sector unions, unfriendly restrictions and taxes on business along [...]

Sin taxes and hidden taxes are coming your way.

The government’s spending spree and desire to immediately fix every possible social problem will result in a huge budget shortfall.  With the promise of no tax increases, except for the rich, we can expect to be hit with a host of so-called sin taxes and hidden taxes in order to pay for the federal programs.  [...]

PreBoomer Musings - Blogged