You're watching...
WSJ: California the New Greece
Details
-
Description
Author Mike Reagan on his push for part-time lawmakers to help close the state’s ballooning deficit.
- Duration 3:24
- Date Mar 13, 2012
You're watching...
Author Mike Reagan on his push for part-time lawmakers to help close the state’s ballooning deficit.
Also in this playlist...
Auto-advance: ON
Auto-advanceThis transcript is automatically generated
That a new Wall Street Journal edition that -- California as the new Greece strong stuff.
Michael Reagan has a way is that he's gonna wake -- California to start cleaning up its act and he joins us now from Los Angeles thought might welcome back to the show.
-- yet -- I'm gonna try to paraphrase.
You wants eight part time in California legislature right.
Actually we're having the press announcement that the LA -- -- 10 o'clock this morning.
Here in Los Angeles which has not working and sacramental Wall Street Journal article tell you the story about -- today we used to be first now we're worst.
But the fact in California.
You pay as much for someone who was in prison.
As of middle income tax -- makes after tax in the state of California.
Is aptly unconscionable.
You know in this state but how and -- -- how to territorial legislature I mean if you just make you legislature just part time and they have to had only real -- outside of the legislation without really -- yeah.
Yes.
Out there right you know you only have six states have full time legislatures.
California used that went back in 1966.
Now of course it's full time to make it a 150000.
Dollars year last year.
They passed 3000.
Builds 800 of them signed into law no you reduce their salary down to 1510181000.
Dollars a year and you don't -- you spend ninety days.
A year in Sacramento you're gonna have to have a regular job.
Look at taxes they pay the taxes assembly people of people serving legislator 600 dollars a month it's a part time legislature.
Factors is growing jobs in factors take new jobs.
From the state of California move -- back the part time have these people live under the exact laws that they pass on that everybody else and guess what.
It saves money and make these people accountable.
To themselves accountable who peoples state of California so we have a ballot measure.
The citizen legislature now ballot measure we're getting signatures now in -- -- we have -- people in the streets on this put on the ballot.
In November it will win its Reagan against brown he wants to raise taxes.
I want to cut back on government now it goes it if you get the signatures he goes on the ballot in November.
In its past does that and that -- be a court challenge.
Everything's challenged and I'll last fully found -- the right where is way over -- challenge that might further reports that the per share -- go.
So do you really think you've got a shot at this over the long time absolutely -- everybody I -- -- Democrat Republican independent.
Who knows that this state is broken.
Wall Street Journal as you said this morning crews and says that.
This state needs to be fixed Democrat Republican independent -- our signing.
These petition to get on the ballot they will vote for it it will pass in the state of California.
Fascinating stuff and you got a press conference on this issue announcing this initiative.
What three hours from now local time correct 33 hours from now LA press club so we woman -- -- is leading the charge on this from the assembly.
Freshman member up there.
Doing great job and we -- get this on the ballot.
Now we're gonna pass it.
-- Begin the process of taking this -- back that's fastening my reg and that is really a new idea of not coded default might come on tell us how you do okay we'll wanna see you again on this one.
I'll see you next when it gets you Wilson thanks so much might -- it.