CALIFORNIA FLIM FLAM
I once heard California referred to as the “land of Fruits, Flakes and Nuts”.
A couple of examples:
The ACLU (American Civil Liberties Union) is suing the State of California to stop all death penalty executions. They also support abortion, even late term abortion. Lets see if I have this right. According to the ACLU it is wrong to execute a person convicted of mass murder but its okay to abort an unborn, late term (7th or 8th month) fetus (baby).
Here is my question for the ACLU: Instead of executing convicted mass murderers would it be okay if we just abort them?
Another example: Do you remember the Tobacco Settlement of 1998?
California’s State and local share of that settlement was established at an estimated $25,007,000,000. (thats 25 Billion with a ‘B’ Dollars) through 2025. (Source: Legislative Analysts Report 1-14-1999).
Money was to be paid out to the States on an annual basis through the year 2025. This payout was termed a “Tobacco Revenue Stream”.
California sold their Tobacco Revenue Stream to a SPE (Special Purpose Entity) established (created) for the purpose of issuing bonds backed by the settlement funds.
As J.G. Wentworth advertises – “Its your money, use it when you need it”.
California apparently felt they needed it right away. They “sold” (at a discount) the anticipated revenue settlement money for cash and…. you guessed it, spent the money… a long time ago.
California Government is an addict. You could tax every resident of this state at 100% and give the State Legislature and Governor every dollar that was taxed or could be borrowed and they would spend it all and claim it wasn’t enough and want more.
These are only two examples of the “Flim Flam” that we residents of this once great state of California live with every day. I could go on and on.
Bob Bandy
