What financial crisis? California wants to ban shopping bags
Ahhh, the lunacy. California is basically broke, but what are the politicians concerned about? “Getting the state out of debt” I hear you say. Noooooooooo – that’s not important enough! Nah, they’re worried about banning those evil plastic and paper bags. Yeah, that’s going to bring that deficit down!
Greece is the fiscally-dysfunctional member of the European Union. On this side of the pond we have California. Illustrating just how bleak the situation is on the Left coast, it was recently reported in the London Telegraph that at JP Morgan Chase’s annual meeting, the banking behemoth’s chairman Jamie Dimon warned that investors should be more concerned about California defaulting than Greece.
In the face of such dire warnings, a $20 billion budget deficit, and the lowest credit rating among all states, one might think righting the state’s financial ship would be the primary focus of legislators in Sacramento, and one would be very wrong to think so.
For a concrete example of just how Golden State legislators are fiddling while Rome burns, take Assembly Bill 1998, scheduled for a hearing on Wednesday. Introduced by Assemblywoman Julia Brownley of Santa Monica, AB 1998 would ban all plastic and paper bags currently provided to customers at grocery stores, pharmacies, convenience stores, and other retailers statewide.
Not only is such legislation a distraction from the real issues facing the state, all evidence indicates that a bag ban is unnecessary, would be ineffective, and may have unintended consequences that create new problems.
It’s time for California lawmakers, especially Democrats who hold large legislative majorities, to start acting like adults and get serious about the real challenges facing the state, namely it’s more than $20 billion overspending problem and onerous tax and regulatory structure that is driving businesses and jobs from the state in droves. In case lawmakers in Sacramento haven’t notice, Uncle Sam is over $12 trillion in debt and, unlike Greece, California doesn’t have a Germany to bail it out.