Why Doesn't California Drill To Pay Debt?
California has millions of dollars of oil just sitting off shore within State waters that can be drilled and immediately pay off the massive debt in California, but yet still politicians will not drill - why?
From what I understand there are a lot of Eco-Activists in California that says by drilling they will never move away from oil and move on to alternative energy fuels. That is ridiculous to me because they are thinking about the environment at the cost of:
1. Laying off workers
2. Raising taxes
3. Going into debt
This is one of the reasons I always take a grain of salt anything Eco-Activists insist we must do. I can understand a gradual process, but not cut and dry.
International Level: International Guru / Political Participation: 3229 100%
Name: Paul
Comments: This is a joke. They are going to double the vehicle tax, put a 5% surcharge on income tax and send IOU's for state tax returns. All of this and drilling wasn't even discussed. The limitation of alternative energy is infrastructure. The only way to implement the infrastructure is capital which we can get by drilling.
Drill now, drill us out of debt.
California - let them fail
California is in big trouble and is on the verge of collapse. And the only way to stave off collapse in these tough times is to raise taxes. Liberals in places like California, New York, Massachusetts, New Jersey - they all jack up taxes and increase the size of government. When it doesn't work they say they didn't raise taxes enough. Perhaps they should emulate the hatemongers in Texas, after all, they have zero state income tax and they are one of the states doing well. Glenn's prescription for California? Let them fail. Ref. Source 8