Calif. beats U.S. in millionaires, food stamp users
By James Nash, Bloomberg
Gov. Jerry Brown, who decries a widening gulf between rich and poor, is campaigning for a fourth and final term presiding over a state that’s outpacing the U.S. in producing millionaires and food-stamp recipients.
The number of households with more than $1 million in assets gained 3.6 percent since the Democrat took office in 2011, compared with 3.5 percent nationally, according to Phoenix Marketing International’s Global Wealth Monitor. Food-stamp use rose 18.2 percent in the period, almost twice the nation’s 9.4 percent, U.S. Agriculture Department data show.
Brown, 75, who signed a bill to raise California’s minimum wage to $10 an hour by 2016, goes before the state Democratic convention tomorrow unopposed after turning budget deficits into the largest surplus in more than a decade. California’s economic health improved more than 44 other states between the first quarter of 2011 and the second quarter of 2013, according to the Bloomberg Economic Evaluation of States.
Of course you can boast a surplus when you tax the crap out of the people to cover previous over spending. Moon-Butt has done nothing more than tax us to no end then sits in the glowing review of other Demoratts for creating some surplus. Sell this crap to someone who is blinded and willing to buy.
Cali-Lib-Mexico is the poster child for dysfunctional/welfare/illegals/ state of the (what used to be) Union.
Hey GAS! “Moon-Butt?” Really? How about ENRON! You know, the company that STOLE $28 Billion from California in an energy trading scam? It wasn’t “overspending” it was theft.