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GLENN: I would just like to say California is the neighbor that we just want to move away. You know what I mean? We just want California and not all of you honestly. I mean, don't get me wrong. I love California. It's just that the majority of the people that are running California have wrecked it. But the good news is Californians themselves, I think it's just maybe and I'd like to hear from Californians. Maybe it's just that you get so worn down, you're like, "I can't take it, whatever." And you just let it go because you're just not going to fight it because you know you're not going to win... until moments like this when the tax is out of control, your state is going bankrupt and they come to you and they give you a bunch of proposals that they ask you to vote on and you're going to say no!
The state spending rainy day budget stabilization fund, 1 A limits the state spending, increases the budget stabilization fund. You say no. 1 B requires supplemental payments to local school districts and community colleges to address recent budget cuts. You're saying no. You know why? Here's an idea. Maybe if we weren't educating illegal aliens and giving illegal aliens in state tuition, you know, that people who are actually since, maybe we wouldn't have a problem with those. 1 C, allow the state lottery to be monetized to improve its performance with increased payouts, improved marketing and effective management... and effective management. Nah, no. If you have such a bad system where you need the taxpayers to vote on whether or not the lottery should we should have effective management, I'm not going to give you any more power. 1 D redirects $600 million of existing tobacco tax money to protect Health and Human Services for children including services for at risk families, services for children with disabilities and services for foster children. I mean, could there be anything that's like if you are going to vote against this, you just don't have a heart. Guess I don't have a heart. That's what Californians are saying.
1 E amends Mental Health Services Act, Proposition 63 of 2004 to transfer funds for a two year period from mental health programs under the act to pay for mental health services for children and young adults. Nah, uh uh. No. Borrow $7.5 billion from financially strapped local governments. You're going to borrow money from the cities that don't have any money. I don't, I don't think so. Raise $1.8 billion by approving an oil lease off Santa Barbara County, a project recently rejected by the state lands commission. Lease would allow the first oil drilling project in the state's coast for 40 years. That one should be done.
I mean, California is in real trouble, and the taxpayers know it and the taxpayers aren't going to stand for it. Taxpayers are voting it down tomorrow and they are saying, you know what, go pound sand. Make cuts. Meanwhile the government is saying, we're going to cut police officers. Really? That's the first thing you go for? Police officers? "Yeah, we're going to cut the police officers and then we're going to... and then we're going to cut the fire department and then we're going to have to reduce the prison population. And we're only, we're going to start with just releasing the violent burglars and arsonists." I mean, those are the things? The last things you cut: Police, prison, firefighters, schools. Why don't you cut some of the, you know, owl protection people? I don't know if they actually have owl protection people but if any state has it, it would be California!
They are putting things up for sale like San Quentin prison. And I don't know if you get the prisoners with it. I mean, that would be kind of a drag if I'm like, you know, "Really, I got to take the prisoners? You have the prisoners; I'll just take the land." Do you know how much we could get for the Redwood forest? Do you know how much firewood there is? Fantastic!
STU: What are those big trees, the ones you can drive through in California?
STU: The Redwoods? I thought they were
GLENN: Sequoias. There's Sequoias and Redwood forest, two of them.
STU: He could sell those to people like really rich evil billionaires. Imagine how much they pay.
GLENN: Imagine the house you could build. If you wanted to build a log cabin for giants. In fact, we should cut down the Redwood forest, sell it to, like, Weyerhauser. Think of the paper we could make.
STU: That would be nice. Thick, thick paper.
GLENN: Thick, really chunky paper with, like, bits of, like, owl in it. And we could then also make the rest of it, what's left, into an amusement park. We could make the world's largest collection of log cabins for giants.
STU: That sounds like an absolutely fantastic idea.
GLENN: Doesn't that sound great? That sounds like a great idea.
STU: And the paper would be great, too. You just sign on the beak.
GLENN: We no. Let's take, let's separate the owl beaks and make those into pens.
STU: See, look at this. Why isn't that on the ballot, California?
GLENN: This is what it okay. So why is this important to you? Because the United States government is going to nationalize California's debt. They're going to I don't want to say that. They are going to insure the bond market. Nobody will then buy their bonds because nobody's buying their bonds now, which means we will have to buy their bonds, but we don't have any money. But don't worry about that. The Fed will just, we'll just say, hey, Fed, could we have some more money? And the Fed will say, sure you can have more money; here, I'm going to bring a note to the federal treasury that I'm good for the money and then I'll buy your bonds and the treasury will just print some more money that I'm totally good for, but you can't look in the books. And then California, it will be fine. And then so will New York and Massachusetts and New Jersey and Michigan. Wouldn't it be great? All of the states that you don't live in by choice, all of the states that you are like, I hate this place; I just can't wait to get out of here. They are taxing me to death and I can't even afford enough money to save up for a moving truck or a U Haul. Those states, it's going to be fantastic. And then what will happen is because they will be nationalized I'm sorry, no. Because their bonds will be insured by the federal government and there won't be any failure and the healthy states can pay for the bad states because we're all in this together. They're too big to fail. Then what can happen is we can just abolish this whole state thing. Why even have states?
STU: We can keep the lines, right?
GLENN: Oh, yeah, we can keep the lines. But the state won't really have any power because all of the bonds will be backed by the federal government. So they obviously didn't know how just like the banks. They obviously there wasn't enough oversight in those states.
STU: This is a ridiculous point by you because if you think about it, let's just, like let's make an analogy, for example. Let's say you give billions of dollars to a car company and let's say the government gave this money to the car company. The car company would still be able to run itself. For example, it's not like the federal government is going to be changing its ad budgets or firing individual employees. I mean, it's a ridiculous stretch of logic to think that they gave
GLENN: It's ridiculous. It's ridiculous that everything that we said on this program would happen two years ago has now not only happened but it has happened in spades and it has happened tenfold. I mean, I didn't really actually think the president would be firing company executives and doing line item vetoes on a corporation's budget. I never saw that happening. It's amazing, and it's amazing that more people can't see what's coming.
California, you stand fast. California understands a tax revolt. California, if California allows these weasels to get away with it, the federal government is going to come in and they are going to back up this debt and they are going to tell you that California is too big to fail. And so what are they going to do? The federal government will adopt exactly the same policies that got California into this position in the first place! And then we will do it to our entire country. States have a responsibility to the republic. States have a responsibility to protect the union.
The Constitution is hanging by a thread. Our country is hanging by a thread. Now, me personally, California, I love ya. But just like one of my kids this weekend had an issue and my wife and I, we laid in bed and we tossed and turned all night and I said, "Honey, they have got to fail." They have got to feel the pain of that decision. "Do you know what that's..." yes, I do. And I know what that's going to mean to us, too. I know how that's going to hurt us as well. But if they don't, they won't grow. If they don't, we're in their life for their entire life micromanaging. They must feel the pain from their own decisions. We cannot save them.