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Our economy is made up of taxes, jobs, imports, exports, energy production and use, and goods and service production. ... Every single person in California depends on the economy in one way or another. ... California spends more than it makes, has a huge deficit to other countries, and has the worst economy compared to all the other states in the U. ...
The economy is supposed to be a working team, instead, in California; it is a struggle to survive. ... California imports cost $123. ... Last spring, California had $8 billion surplus dollars, now it has dropped $23. ... California spends an excessive amount more than it makes. ...
Due to the huge debt California will need to cut more programs, which means they will lay off workers, contractors will get less money, and less benefits payments will be given (Lav 1). ... This is bad for the economy because the big studio corporations will only use the minimal needed people to do the job, which eliminates many jobs (1). ... Every time the economy struggles, they cut education funds. ...
California demands much more than we can keep up with. ... In fact experts have predicted that California will use thirty percent more electricity and sixty percent more natural gas than it uses now in the year 2020. ...
California’s deficit is so bad that it is one third of the total deficit of all fifty states. ... Maybe impeaching Davis would help this crisis, since his decisions have only made our economy worse.
This predicament in the California economy is said to be “The most dramatic plunge in revenue since World War II”(Kleffman 1). ... They have made many attempts to fix the economy. ... This tax cut is predicted to lose California four billion dollars a year. ...
We should take action to stop our economy from sinking more.
Approximate Word count = 1493
Approximate Pages = 6
(250 words per page double spaced)
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