Tim Cavanaugh Talks California Collapse With KOGO's Chris Reed, 7:03 p.m. Pacific

California Democrats are threatening to vote on a budget tomorrow afternoon.

A new report [pdf] finds it's possible to be too corrupt even for CalPERS.

The state's marked-for-death redevelopment agencies are still trying to escape like bin Laden.

Even the medical cannabis bubble is deflating.

Is there any hope for the Golden State?

Vote No by listening to Reason Senior Editor and the San Diego Union Tribune's Chris Reed tonight on San Diegos KOGO 600 AM.

San Diegans (Diegons? Diegers?) can tune to AM 600.

Everybody else can listen live on the intertubes.

Dig Reason TV's interview with the always fiery Reed:

 

Comments

[um]

Califorina isn't going to collapse, it has trillions in assets!

[sevo]

"Califorina isn't going to collapse, it has trillions in assets!"

You bet! Why that half-finished Bay Bridge could sell for pennies on the dollar after the budget over-runs are discounted!
Not to mention the ROADS!

[The Bearded Hobbit]

Not to mention the ROADS!

Seriously, how much could California gain from selling CA-99 to a private entity and turning it into a toll road?

Big bucks up front and big bucks every year, if they worked it right.

... Hobbit

[sevo]

"Seriously, how much could California gain from selling CA-99 to a private entity and turning it into a toll road?"

99? Only to commercial users; pretty boring.
1? Disney would faint at the opportunity! Coast views, traffic slow enough to mean every hash-house on the route gets healthy!
But that's not what Ice Trey and company have in mind.

[The Bearded Hobbit]

The fact remains that California (the government of) does, indeed, have trillions in assets that could be used to overcome budget shortfalls, both short and long term by privatization.

... Hobbit

[Snuffy Cheekngum]

"Thar's gold in them thar hills!"

[sevo]

Snuffy Cheekngum|3.15.11 @ 10:29PM|#
"Thar's gold in them thar hills!"

Oddly enough, the state does claim ownership of gold found on park land. Why is a mystery; turning it into value to the state is likely more expensive than using it to increase the visitors and charging them.
But, hey, it's a government!

[johnl]

We should retroactively end tax increment financing and make all those bonds default. People who bought bonds to pay for eminent domain abuse deserve a haircut. Then we need to use RICO, civil forfeiture, and flashbang forced entry arrest against everyone who has ever been on a redevelopment board. The Calpers unfunded liability could be erased in one night of accidents.

[sevo]

^ I *like* it!

[Paul]

I like this johnl character. He should post more.

[red bull hats]

Nice post.Thank you for taking the time to publish this information very useful!red bull hats

[johnl]

There is an LAT annotated version of the PDF TC mentions about corruption at CalPERS. How did we appoint someone to the board who of a pension a guy who went bankrupt gambling in Vegas? If you have been reading Reason about the pension calamity in the works, read this report, because it's worse than Reason has been saying. http://documents.latimes.com/c.....al-review/

[BUPOP WEDDING DRESSES]

Why is a mystery; turning it into value to the state is likely more expensive than using it to increase the visitors and charging them.

[bupop]

Disney would faint at the opportunity! Coast views, traffic slow enough to mean every hash-house on the route gets healthy!

[heller]

More proof of California's collapse: http://www.youtube.com/watch?v.....re=related

[heller]

See how long you can last. I'm pretty sure this is going to be the new rickroll.

[Rock Action]

Fifty seconds, and I hadn't even read your second comment, so it wasn't influenced. But that is...wow.

[sounds real good]

That is so blandly bad, it's incomprehensible. It's like a parody of the most boring song ever, or something...anyhow, I'm very sad for any teenagers tasteless and dull enough to enjoy it.

[Peggy]

This is sad

[Fist of Etiquette]

San Diegans (Diegons? Diegers?) can tune to AM 600.

It's San Diegolites. Or, literally translated, "whale's vagina tenants".

[yonemoto]

what is today san diego day on reason? Three articles!

[R C Dean]

San Diegans (Diegons? Diegers?)

San Dagos?

[puma pas cher]

good luck