Sanders Dodges Socialism’s Effects On Venezuela During Interview
Sanders danced away from the question so fast, I was actually impressed. I wasn’t even mad.Read More »
“+” because this this is going to crash and burn for years.
Let me summarize this LA Times article discussing the looming …singularity… of fiscal destruction.
This is the part from the LA Times that I want to quote:
The land purchases are waiting on the hiring of a team of specialized contractors, but they cannot start their work until the rail agency gets approval from another branch of the state bureaucracy. About 400 parcels are needed for the first construction segment, a 29-mile stretch from Madera to Fresno.
The formal offers will start an eminent domain action, the legal process for seizing land from private owners. The owners have 30 days to consider the offer, and then the state must go through a series of steps that can add 100 more days of appeals and hearings, assuming the state can get on the court calendar, according to Robert Wilkinson, an eminent domain litigator in Fresno. If the state fails to convince a judge that a quick takeover of property is justified, formal trials could stretch on for 18 months, he added.
“I would think a lot of these are going to end up in litigation,” he said. “It is a tight schedule, no question about it.”
But wait, there’s more!
In short: when this thing blows up in the California legislature’s and governor’s faces, feel the warmth of knowing that you were told, six months or so before anybody else, that the entire thing was going to collapse in a hot mess of red tape and unpaid bills. Unless you live in California: then you have my sympathies. I have zero desire to pay for this disaster, but sympathy is still free. Well, at least until the California legislature manages to slap a tax on that.
(H/T: Hot Air Headlines)
Moe Lane (crosspost)
PS: It may seem cruel to openly display the schadenfreude on this one; but then, the California electorate presumably knew what it was up to when they elected these bozos. Also, to quote the classics: “Fragile things, dropped from a great height, make a nice sound.”