Tax and Spend Your Way to the Top

Tell your Obama-supporting friends to look at California for a crystal ball of where the Dems want to take America. California, under its decades-long union-beholden Dem rule has certainly reached some new chart-topping heights:

#1 - number of foreclosures
#1 - rate of foreclosures
#1 - largest population loss (144,000 in one year)
#1 - largest decrease in activity in its ports
#1 - highest income tax rate, by top bracket
#1 - largest budget deficits by % underfunded (44%)
#1 - state with worst bond rating
(source Fortune, March 30, 2009)

This is California - cradle of the aerospace industry, home to Silicon Valley and Hollywood. You can't say they don't have a lot going for them. Congratualtions, Califormia! You got what you voted for! Let's hope we can turn our federal government around before we join California in the poor house.