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By Jon Coupal
If you had just won the lottery, would that be a good time to go further into debt or would it be smarter to pay down the debt you already have?
Most Californians would like very much to be debt-free, and the thought of being able to pay off their mortgage, car loan and student debt is surely attractive.
In some respects, thanks to the forced generosity of California taxpayers, California has won the lottery.
Our highest-in-the-nation tax burden has left our treasury full with billions in surplus revenue.
One would think that with all that revenue, our elected leadership would be a little more circumspect in taking on new debt or at least manage the debt we have more effectively. But this is California.
The Golden State is awash in debt consisting mostly of unfunded pension obligations. Unfortunately, our leadership continues to press on the accelerator in taking on new debt.
To read the entire column, please click here.
A note to our valued members and supporters: To increase the reach of our message to as many Californians as possible, HJTA made an agreement with the Southern California News Group papers to carry Jon Coupal's weekly column. The newspapers in the group, including the Orange County Register and the Los Angeles Daily News, have added a paywall that allows only a limited number of page views per month, and then asks readers to become subscribers. HJTA is not marketing these subscriptions or receiving any payment from them. The columns are exclusive to SCNG's papers for one week and then are posted in full on HJTA's own website, www.hjta.org, under "California Commentaries," where you can read them at your convenience. Thank you for your understanding.
For your convenience, here are links to the opinion pages of all the SCNG papers:
www.whittierdailynews.com/opinion
www.dailybulletin.com/opinion
www.redlandsdailyfacts.com/opinion
www.sgvtribune.com/opinion
www.ocregister.com/opinion
www.pe.com/opinion
www.dailynews.com/opinion
www.pasadenastarnews.com/opinion
www.sbsun.com/opinion
www.dailybreeze.com/opinion
www.presstelegram.com/opinion
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