Thursday, April 04, 2013

Financial suggestions for California's governor

Several years ago, I drafted a letter to then California Governor Arnold Schwartzenegger. I had several suggestions what to do to help California's fiscal problems.

The real lack of creativity in Sacramento is thinking that California cannot print money without limit like the federal government thinks it can.

Well, just use lottery tickets as a new form of California gold:

Pay state vendors in lottery tickets.

Pay tax refunds in lottery tickets.
Pay state employees in lottery tickets.

Pay state retirees in lottery tickets

Print lottery tickets without any winners.