Friday, February 20, 2009

California Passes Budget After Scathing Battle

Why am I living in California? Is California the best place to live? Aren't there better places to live in US? The cost of living in California is much higher than other cities in America. The housing is expensive, the schools are average, the roads are pathetic and the taxes are high. California is having budget deficit year after year. It is in debt for so long. Gray Davis made an exit in 2003 that stemmed out of state's fiscal problem. Government changed. Schwarzenegger took over making promises. But yet again we are in the same boat. Not enough money to run our schools, not enough money for the state parks, no budget for public transport system expansion. Top it all, now we have recession in our hands to handle. The state is nearly out of cash. California has $42 billion budget deficit. There is going to be more tax increase and more cost cuttings at various levels. There will be increase in sales, gas or personal income tax and at the same time more cost cutting in schools, roads and other infrastructure projects.

So again the question pops - Is California the best choice of place to live?

Definitely, it is time that we all ask this question to ourselves that why are we living in such an expensive place? Why don't we move to Seattle or North Carolina or Texas or Phoenix? Is it because of our jobs or is it because this place has a charm that other places lack?

California is the technology hub - the "happening" place. Countless companies started up here - this is the root of almost 80% of the tech companies. Not just that, California has the Hollywood under its hood. The rich and famous live in the city of Los Angeles. It is a pity that inspite of all this wealth, California has budget deficit!

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