# **Bailing Out California--How Will The Nation React? California as it now stands is simply too big a part of the US economy—and population—to ignore much longer. It’s also too big a problem in multiple respects, not least as a petrie dish incubating the worst excesses of Woke American culture. Isn’t it time to pay attention to America rather than blowing our remaining wealth on Anglo-Zionist imperial adventures in Russia, the Middle East, and the Far East? Make no mistake about it, Trump will have to address the issue of California or he can kiss MAGA goodby. Sadly, in the nature of human governance and informed by the historical record, it’s all likely to get much worse.** https://meaninginhistory.substack.com/p/bailing-out-california-how-will-the?publication_id=473679&post_id=154761178&isFreemail=true&r=g761&triedRedirect=true
Is that an argument for dividing the state into more manageable units? It's well known that water allocation issues pit regions of the state against one another. As an example.
Dunno whether this woman is from California, but ...
CBS News anchor Margaret Brennan implied President-elect Donald Trump should not halt the admission of refugees because the country might miss out on the next Albert Einstein.
Are we missing a pattern? First was New Orleans. Second was Las Vegas. Both baffling in their similarity and uniqueness. And now catastrophic fires in LA of dubious origins. Combine all of this with various social media commentators pitching horrifying narratives about pending terrorist attacks and growing social unrest potentially leading to a pressure cooker type explosion of anger and hostility. Is there an intent to get everyone on edge with a hair-trigger state of mind? If so, what would be the purpose of this malicious campaign? Who benefits?
You know who benefits, the same people always benefit from chaos. They believe they are untouchable, protected, and cannot be criticized. They are ours and the worlds greatest oppressor and will not stop.
Well, Jake Sullivan didn't do much to assuage any such tensions in his NSA briefing today. After leading into his final signoff noting that this briefing would be his last, he said something to the effect of "unless, of course, something major happens, which is totally possible given recent events." I'm not reading anything ominous in to that (although, these folks have amply shown me that I probably should), but, clearly, lowering the tension level was not part of his plan.
Under current law, states can't file for bankruptcy. The last state to default on its debt was Arkansas in 1933. The bottom half of the article has a good discussion on this topic.
We will see what actually gets done. I am still in a bit of shock there was not more cheating to steal the election from Trump again.
I have low expectations, having had my hopes dashed by so many GOP promises of action. Benghazi (Trey Gowdy), Bill Barr, Paul Ryan, etc. Good news is each of those responsible had their reputation destroyed. I still remember that not ONE GOP Senator voted to allow recess appointments.
Question: So if no one rebuilds or cannot rebuild for all the said reasons, then what happens to the tax base?
Reasonable assumption is that property tax generated revenue will go down and not recover for quite some time. Not to mention the secondary and tertiary effects of that population not living in that area (diminished sales and other taxes) until those communities are re-established.
Therefore, we must add to the whirlpool of failure. The County/vCity /State will now have to increase taxes in some other area in order to make up the loss.....
The California situation ..as you stated ..will not get better as long as its State leadership remains the same. Here is a radical idea. Maybe instead of bailing the state out, place it into receivership.
Appoint a Federal governing board and force the State government to live within its means. CALIFORNIA wants more Federal money? Well just like the IMF, the Federal Government needs to put in stipulations of required fiscal action for the lending of this money. Otherwise no deal. The sad part is , this is a perfectly reasonable course of action, but can you see anyone trying to propose this idea?
It took many decades for California to get this screwed up (5 or so). Its problems won’t be fixed anytime soon, even if a majority of its residents wake up and smell the coffee, which they won’t. Enjoy what so many of you have sown. Don’t move to my state and screw it up.
Insurance in FLA is not much better. As Miami floods with every king tide, and bigger hurricanes hit every season, more an more people are forced onto the state's own insurance system. Maybe not as bad as CA, but heading in the same direction.
Speaking as a Floridian, you’re pretty correct. Our insurance situation is not untenable, but you can see untenable from here. Flooding is a man made problem, paving over and building on mangroves and swamp land, who thought that was a good idea?
Surprisingly the last two hurricanes didn’t cause the amount of damage that was feared and after 3 straight years of double digit increases we are looking at 5-15% reductions coming up.
Part of the problem is government requiring companies to keep considerably, cash on hand that limits investment. When you also consider that most insurance companies took McKinsey’s strategic advice, “want increased profits, fight all claims” you just have a winning combo for the consumer to get screwed.
If you want to look at a problem, look at flood insurance, the entire country of flood insurance payer subsidizes places that still allow people to live and build in and on flood plains so they can pay minimally in premiums.
Hey Chicago, can you subsidize my beachfront condo please?
I live in FL. Near the coast but in X flood zone. Private flood insurance was $1000 per year. NFIP was $2700 per year. I knew someone who just bought a house in AE flood zone. Private insurers won’t write a policy. They have no choice but to go with NFIP.
Moving to FL and want to live close to the coast? Don’t buy in a flood plain. Buy a concrete block house with a hip roof and impact resistant sliders and windows. If you can’t afford that then buy elsewhere.
Those flood zones are somewhat whimsical. Lived in a home 23 ft above sea level. The road centerline was 14 ft. Yet I had to pay extra for flood, old timers in my neighborhood told me none of our road have ever even seen ponding let alone floods. Current home is 13ft and X zone🤷♂️
“Chicago's summer and fall in 1871 were unusually dry, with only one-fourth the normal amount of rain falling between July and October. Many of the city's wooden buildings and sidewalks had dried out in the summer's
Yet Chicago quickly rebuilt because of intrepid men like Marshall Field, Cyrus McCormick and Potter Palmer.
Buildings before the fire were on the whole, built primarily of wood, because the city had been growing so fast. The wooden sidewalks had to be quickly constructed for use, as the unpaved roadways turned to sloppy mud when it rained, or due to melting snow.
Do we have--percentage-wise of the nation's population--as many intrepid men as they did over 150 years ago?
Communists and Marxists love the bailouts. Never let a crisis go to waste is what they proclaim. Lots of grifting and skimming opportunity upcoming. Not to mention they now have their opportunity to Build Back Better, they have a blank slate to build their Utupian Thirty Minute Cities or whatever. What a time to be alive. One thing after another.
I think the term, "What a time to be alive" is near tiresome now. If you are in your youth, perhaps it's great as you will potentially live through great change....good or bad, no one knows. However; if you are older, and have lived a good life, contributed, and now ready to enjoy the "golden years" perhaps your only solace is the life you lived not the uncertainty of the life you are about to live which may provide to not be golden, but rather black and bleak.
Please excuse me, but through my conservative Midwesterner eyes, all American have choices - especially, where we choose to live. Californians freely elected state officials who chose fiscal mismanagement culminating in enormous debt. These elected officials openly dissolved necessary services at the expense of its taxpayers. By contrast, my state elected conservative officials whose programs have culminated in yearly state revenue surpluses eventuating into lower in taxes. Californians chose mismanagement and fiscally irresponsibility and their actions are reminiscent of the following Yogi Berra quotation, "This is deja vu all over again." Recall Biden's attempt to saddle "working Joe America" with the elite's educational debt. There is no free lunch! Californians have really 2 choices: One, vote with their feet and leave the state or two, stay and change course by electing socially and fiscally responsible officials. Above all, they should have no expectations of the other states or federal government of bailing them out of their self-made fiscal and social predicament.
No need to excuse yourself! Whole heartedly agree. Will whole smoldering neighborhoods, fragments of family life left in ruins overlooking the Pacific, while nearby reservoirs were allowed to run dry, be enough to “change course,” and throw the bums out? The new homeless, whether from Altadena or Brentwood, most likely voted for these climate change freaks and their DEI-invested projects! A great tragic shambles…
Will be curious to see if mortgage lenders are forced to take a haircut in their deficiency-judgment actions, after they didn't require curtailment of existing mortgage loans under which fire-insurance coverage was cancelled or nonrenewed. If I were one of those borrowers, I'd argue that that the lender was, to some degree, riding along with me on the fire risk, as lender was automatically notified of policy changes, but continued to accept my monthly PITI payment until disaster struck. Bailouts for the lenders, too?
Looks like Zuck forgot to tell the fact checkers
What happened
Jan 14, 2025
We removed your post
Johanna Fritzke
Jan 14, 2025
# **Bailing Out California--How Will The Nation React? California as it now stands is simply too big a part of the US economy—and population—to ignore much longer. It’s also too big a problem in multiple respects, not least as a petrie dish incubating the worst excesses of Woke American culture. Isn’t it time to pay attention to America rather than blowing our remaining wealth on Anglo-Zionist imperial adventures in Russia, the Middle East, and the Far East? Make no mistake about it, Trump will have to address the issue of California or he can kiss MAGA goodby. Sadly, in the nature of human governance and informed by the historical record, it’s all likely to get much worse.** https://meaninginhistory.substack.com/p/bailing-out-california-how-will-the?publication_id=473679&post_id=154761178&isFreemail=true&r=g761&triedRedirect=true
You shared this on your profile
Strings will be attached--one would certainly hope so:
https://catholicvote.org/sen-barrasso-no-blank-check-to-california/
Trump needs to remember a good 45% of the state backed him, this idea the Californian population exists solely in LA and SF is retarded
Is that an argument for dividing the state into more manageable units? It's well known that water allocation issues pit regions of the state against one another. As an example.
Dunno whether this woman is from California, but ...
CBS News anchor Margaret Brennan implied President-elect Donald Trump should not halt the admission of refugees because the country might miss out on the next Albert Einstein.
It’s interesting that in Victoria Australia we had eerily similar circumstances.
Woke/green authorities refused to back burn resulting in devastating fires and loss of life.
It’s odd that a practice that used to occur regularly became an impossibility..
Are we missing a pattern? First was New Orleans. Second was Las Vegas. Both baffling in their similarity and uniqueness. And now catastrophic fires in LA of dubious origins. Combine all of this with various social media commentators pitching horrifying narratives about pending terrorist attacks and growing social unrest potentially leading to a pressure cooker type explosion of anger and hostility. Is there an intent to get everyone on edge with a hair-trigger state of mind? If so, what would be the purpose of this malicious campaign? Who benefits?
I blame it all on climate change.
You know who benefits, the same people always benefit from chaos. They believe they are untouchable, protected, and cannot be criticized. They are ours and the worlds greatest oppressor and will not stop.
Well, Jake Sullivan didn't do much to assuage any such tensions in his NSA briefing today. After leading into his final signoff noting that this briefing would be his last, he said something to the effect of "unless, of course, something major happens, which is totally possible given recent events." I'm not reading anything ominous in to that (although, these folks have amply shown me that I probably should), but, clearly, lowering the tension level was not part of his plan.
And for additional depressing news - Bonds on Fire by Cameron Macgregor. On Substack of course.
Requiring voter identification when voting would result in huge changes in California. Along with ending most mail in ballots.
Same with Oregon, Colorado, and Washington.
Conditions for anything remotely like a bailout? Imposed by putting bankrupt states into receivership, as it were? I know that won't happen ...
Under current law, states can't file for bankruptcy. The last state to default on its debt was Arkansas in 1933. The bottom half of the article has a good discussion on this topic.
https://www.politifact.com/article/2020/apr/24/can-states-file-bankruptcy-should-they-what-you-ne/
Thanks.
Supposedly Congress can require vote id for federal elections.
And the house did vote for it last July.
https://crsreports.congress.gov/product/pdf/RL/RL30747
As I keep saying, this should be top priority.
Agree 100%
We will see what actually gets done. I am still in a bit of shock there was not more cheating to steal the election from Trump again.
I have low expectations, having had my hopes dashed by so many GOP promises of action. Benghazi (Trey Gowdy), Bill Barr, Paul Ryan, etc. Good news is each of those responsible had their reputation destroyed. I still remember that not ONE GOP Senator voted to allow recess appointments.
Question: So if no one rebuilds or cannot rebuild for all the said reasons, then what happens to the tax base?
Reasonable assumption is that property tax generated revenue will go down and not recover for quite some time. Not to mention the secondary and tertiary effects of that population not living in that area (diminished sales and other taxes) until those communities are re-established.
Therefore, we must add to the whirlpool of failure. The County/vCity /State will now have to increase taxes in some other area in order to make up the loss.....
The California situation ..as you stated ..will not get better as long as its State leadership remains the same. Here is a radical idea. Maybe instead of bailing the state out, place it into receivership.
Appoint a Federal governing board and force the State government to live within its means. CALIFORNIA wants more Federal money? Well just like the IMF, the Federal Government needs to put in stipulations of required fiscal action for the lending of this money. Otherwise no deal. The sad part is , this is a perfectly reasonable course of action, but can you see anyone trying to propose this idea?
There's too much money in California that is held by just a few people and these people always get what they want.
Garner the revenue of Hollywood to the tune of 20% for the next 100 years to pay the deficit.
It took many decades for California to get this screwed up (5 or so). Its problems won’t be fixed anytime soon, even if a majority of its residents wake up and smell the coffee, which they won’t. Enjoy what so many of you have sown. Don’t move to my state and screw it up.
Insurance in FLA is not much better. As Miami floods with every king tide, and bigger hurricanes hit every season, more an more people are forced onto the state's own insurance system. Maybe not as bad as CA, but heading in the same direction.
Speaking as a Floridian, you’re pretty correct. Our insurance situation is not untenable, but you can see untenable from here. Flooding is a man made problem, paving over and building on mangroves and swamp land, who thought that was a good idea?
Surprisingly the last two hurricanes didn’t cause the amount of damage that was feared and after 3 straight years of double digit increases we are looking at 5-15% reductions coming up.
Part of the problem is government requiring companies to keep considerably, cash on hand that limits investment. When you also consider that most insurance companies took McKinsey’s strategic advice, “want increased profits, fight all claims” you just have a winning combo for the consumer to get screwed.
If you want to look at a problem, look at flood insurance, the entire country of flood insurance payer subsidizes places that still allow people to live and build in and on flood plains so they can pay minimally in premiums.
Hey Chicago, can you subsidize my beachfront condo please?
I live in FL. Near the coast but in X flood zone. Private flood insurance was $1000 per year. NFIP was $2700 per year. I knew someone who just bought a house in AE flood zone. Private insurers won’t write a policy. They have no choice but to go with NFIP.
Moving to FL and want to live close to the coast? Don’t buy in a flood plain. Buy a concrete block house with a hip roof and impact resistant sliders and windows. If you can’t afford that then buy elsewhere.
Those flood zones are somewhat whimsical. Lived in a home 23 ft above sea level. The road centerline was 14 ft. Yet I had to pay extra for flood, old timers in my neighborhood told me none of our road have ever even seen ponding let alone floods. Current home is 13ft and X zone🤷♂️
https://education.nationalgeographic.org/resource/chicago-fire-1871-and-great-rebuilding/
They had global climate change back then too:
“Chicago's summer and fall in 1871 were unusually dry, with only one-fourth the normal amount of rain falling between July and October. Many of the city's wooden buildings and sidewalks had dried out in the summer's
intense heat.”
Yet Chicago quickly rebuilt because of intrepid men like Marshall Field, Cyrus McCormick and Potter Palmer.
Buildings before the fire were on the whole, built primarily of wood, because the city had been growing so fast. The wooden sidewalks had to be quickly constructed for use, as the unpaved roadways turned to sloppy mud when it rained, or due to melting snow.
Do we have--percentage-wise of the nation's population--as many intrepid men as they did over 150 years ago?
and a damn cow got in the way...
Communists and Marxists love the bailouts. Never let a crisis go to waste is what they proclaim. Lots of grifting and skimming opportunity upcoming. Not to mention they now have their opportunity to Build Back Better, they have a blank slate to build their Utupian Thirty Minute Cities or whatever. What a time to be alive. One thing after another.
I think the term, "What a time to be alive" is near tiresome now. If you are in your youth, perhaps it's great as you will potentially live through great change....good or bad, no one knows. However; if you are older, and have lived a good life, contributed, and now ready to enjoy the "golden years" perhaps your only solace is the life you lived not the uncertainty of the life you are about to live which may provide to not be golden, but rather black and bleak.
Please excuse me, but through my conservative Midwesterner eyes, all American have choices - especially, where we choose to live. Californians freely elected state officials who chose fiscal mismanagement culminating in enormous debt. These elected officials openly dissolved necessary services at the expense of its taxpayers. By contrast, my state elected conservative officials whose programs have culminated in yearly state revenue surpluses eventuating into lower in taxes. Californians chose mismanagement and fiscally irresponsibility and their actions are reminiscent of the following Yogi Berra quotation, "This is deja vu all over again." Recall Biden's attempt to saddle "working Joe America" with the elite's educational debt. There is no free lunch! Californians have really 2 choices: One, vote with their feet and leave the state or two, stay and change course by electing socially and fiscally responsible officials. Above all, they should have no expectations of the other states or federal government of bailing them out of their self-made fiscal and social predicament.
No need to excuse yourself! Whole heartedly agree. Will whole smoldering neighborhoods, fragments of family life left in ruins overlooking the Pacific, while nearby reservoirs were allowed to run dry, be enough to “change course,” and throw the bums out? The new homeless, whether from Altadena or Brentwood, most likely voted for these climate change freaks and their DEI-invested projects! A great tragic shambles…
Will be curious to see if mortgage lenders are forced to take a haircut in their deficiency-judgment actions, after they didn't require curtailment of existing mortgage loans under which fire-insurance coverage was cancelled or nonrenewed. If I were one of those borrowers, I'd argue that that the lender was, to some degree, riding along with me on the fire risk, as lender was automatically notified of policy changes, but continued to accept my monthly PITI payment until disaster struck. Bailouts for the lenders, too?