168: California rises and falls in 92 years since Laurel & Hardy. Lee Ohanian @HooverInst @lee_ohanian
Image: Postcard view of California oil fields c.1940s Lee Ohanian, Hoover & UCLA, in re: The California of yesteryear; then, the Golden State. Laurel & Hardy movie: in the distance, can see only one or two houses. Ninety-two years later, analysis of the budget from Sacramento: spending three times more per resident than in 1990. California once was the promised land, with weather, beaches, and a welcoming government. It grew from a tiny populat0n to having 12% of the national population. It's gone off the rails. Car owners pay $3,000 more per year than do drivers in other states: no money left in the budget to fix roads. Potholes to take out your rear axle. Over 90% of budget is K-12 and health and human services. A billion paid to ineligible Medicaid recipients. Madly expensive prison system. Can’t even change light bulbs in DMV. It’s the low-income households that pay the price of broken axles, bad schools, astounding traffic jams with highest gas prices. Population shifting to Texas, Nevada, and other business-friendly states. Will Godot ever show up? https://www.hoover.org/research/california-legislators-spend-200-billion-and-taxpayers-get-less-and-less?utm_source=Hoover+Daily+Report&utm_campaign=4df6205600-EMAIL_CAMPAIGN_2020_07_07_06_30&utm_medium=email&utm_term=0_21b1edff3c-4df6205600-72527561 California rises and falls in 92 years since Laurel & Hardy. Lee Ohanian @HooverInst @lee_ohanian (https://www.hoover.org/research/california-legislators-spend-200-billion-and-taxpayers-get-less-and-less?utm_source=Hoover+Daily+Report&utm_campaign=4df6205600-EMAIL_CAMPAIGN_2020_07_07_06_30&utm_medium=email&utm_term=0_21b1edff3c-4df6205600-72527561)