LIBERTY ON THE MIND CONFERENCE CALIFORNIA STATES BANKRUPTCY AND ITS ECONOMIC FUTURE – 4/27/09
Liberty on the Mind Conference California States Bankruptcy and its Economic Future
Date: 4/27/09 – 1 pm
Location: Santa Clara University, Benson Center 500 El Camino Real California Mission Room, Santa Clara, CA
Cost: $20/person (if paid advance with PayPal); $25 at the gate; $15 for students with current student ID
Description:
http://bayarea.libertyontherocks.com/?page_id=101
California, the richest state of the union, is now financially bankrupt with the lowest credit rating in the USA. It is the highest taxed and highest spending state and has been running deficits for years. The state teetered on the brink of collapse in February before a compromise was achieved on the budget. It is not over yet—without voter approval, the crisis will come to head again. The conference will discuss the California State’s fiscal crisis and its structural causes and the likely future course it will take.
THE SESSIONS AND THE SPEAKERS
* “Governance and State Budgets”—Dr. Michael Shires, Pepperdine School of Public Policy
* Fiscal Deficits—-Fred Foldvary, Research Fellow, The Independent Institute
* Health Expenditures: John R. Graham, Director, Pacific Research Institute
* Education Expenditures: Lisa Snell, Director, Reason Foundation
* Natural Resources: David Zetland, Fellow, UC@Berkeley
* Small Business Growth: Robert Fairlie, Director, UC@Santa Cruz
* Business Bankruptcies: James E Atkins, Duffy & Atkins LLP
Reader Comments.
California needs to go to the bankruptcy court. The State of California, like the auto makers can only shed the control of the unions in a bankruptcy court. The government unions and their unsustainable pay and retirement programs (100% pay on retirement at age 52) passed by Gray Davis was not sustainable when he presented this gift to the Prison Guard Union. Davis was run out of office due to the increase in the license tag tax increase that was intended to cover the initial cost of the gift to the union. The tax was repealed but the gift to the union was not. The City of Vallejo was able to shed unsustainable union costs in bankruptcy. The State should follow suit.
We need to ban government unions. Our State government is in their pockets and make decisions that are not in the interest of the people. California needs to start cutting and the government unions are a great place to start.
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