Reason.tv's Tim Cavanaugh sits down with one of our heroes, economist Art Laffer (he should be one of your heroes too... just sayin') to discuss what can be done about California.
"It's not Republican, it's not Democrat. Honestly, it's not liberal, it's not conservative ... It's economics," says Economist Art Laffer. "If you tax people who work and you pay people who don't work, don't be surprised when you get a lot of people not working."
Laffer's exactly right because when it comes to looking at the numbers regardless of any sort of pre-existing ideological bias, math wins... math always wins.
Laffer seems like a really nice guy as he is far more charitable to Governor Brown than we would've been.
Here is what we said about the state of the state a little over a year ago and which can be found at the link above:
Unfortunately, both California and the nation have chief executives who don't do math or refuse to acknowledge math..
Back in November, California desired a state government dominated by Democrats. Fair enough. A Democrat (Jerry Brown) as governor and the assembly and state senate firmly in control of the Democrats. Too bad they seem completely unwilling to do some pretty basic math and thus lack the testicular fortitude to confront their cash cows in the public employee unions
One year on and not one thing has changed.