Saturday, August 29, 2009

California's Basement

Gov. Arnold Schwarzenegger is hoping that the "Great California Garage Sale" will turn government clutter like surplus prison uniforms and office furniture into cash to bulk up the state's depleted finances.

California, a state with vast amounts of natural resources and economic potential, is having a yard sale to plug the budget gap. Sounds good to me, but it should also serve as a cautionary tale. Not much good can come out of government over-regulating its citizenry and implementing suffocating taxes to pay for its expansion. Those practices tend to be economic buzzkills.

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