CALIFORNIA'S PROGRESSIVE COMMUNIST UNI-PARTY STICKS IT TO CALIFORNIANS, AGAIN!
A communist strategy to destroy California and our nation from within…
The Cloward-Piven Strategy, devised by academics and communist activists Richard Cloward and his wife Frances Fox Piven in the 1960s, advocates overloading the U.S. welfare system to precipitate a crisis leading to significant social and economic reforms.
The goal was to overwhelm the system with so many demands that it would collapse, forcing the government to adopt a guaranteed annual income or other forms of universal welfare. Cloward and Piven argued that this would redistribute wealth more equitably and alleviate poverty. The strategy destabilizes the economy and strains government resources.
For those who do not remember the mortgage meltdown of 2007/8, it began as a result of widespread defaults on subprime mortgages—loans given to borrowers with poor credit histories and no down payment requirements—which led to a collapse in the value of mortgage-backed securities and significant losses for financial institutions.
Now, California is seeking to pass Assembly Bill 1840, which would expand eligibility in the State’s down payment assistance program to undocumented Californians. (i.e. Illegal Aliens)
Assemblymember Joaquin Arambula’s Assembly Bill 1840 seeks to broaden the scope of the California Dream for All program, which assists first-time homebuyers with down payments. The bill proposes renaming the existing program to The Home Purchase Assistance Program and expanding its eligibility criteria to include undocumented immigrants with either a taxpayer identification number (ITIN) or a Social Security number. This expansion would allow “qualified participants” to receive up to $150,000 in down payment assistance, covering up to 20% of the property’s purchase price.
The bill is now on Gavin Newsom’s desk and is awaiting his signature.
What is the problem?
As of 2024, California’s state and local government debt is estimated to be around $1.6 trillion, encompassing bonded debt and unfunded liabilities, such as pension obligations. Much of this debt stems from pension liabilities, which fluctuate depending on expected returns. This staggering debt translates to roughly $125,000 per household in the State. Potential increases in debt, such as the proposed $6.4 billion in bonds under Proposition 1, raise concerns about the State’s financial future.
California’s progressive communist democrats passed AB 1840 by a three-to-one veto-proof majority, sending it to the governor’s desk — and drawing attention to the progressive communist democrat's uni-party’s pattern of creating incentives for illegal migration by heaping taxpayer-funded benefits onto people who are not supposed to be in the country at all.
Furthermore, it incentivizes financial institutions to create situations where they can bundle loans into risky securities, add a touch of pseudo-insurance in the form of credit default swaps, sell the securities to suckers, and ultimately recover foreclosed properties for pennies on the dollar.
Remember, we are not only speaking of illegal aliens arriving from Mexico and Central American countries such as El Salvador, Guatemala, and Honduras; we are also speaking of illegal arrivals from Asia, particularly from countries like China, India, and the Philippines, and from countries like Russia, Africa, and elsewhere in the world.
Bottom line…
Where is the California Dream for Californians who are departing the State in record numbers as they face confiscatory taxes, no respect for private property, insane regulations, and the progressive communist democrat uni-party?
We are screwed as California spirals downward in debt.
-- Steve
“Nullius in verba”-- take nobody's word for it!
"Acta non verba" -- actions not words
“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw
“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”
“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS "The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius “A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell “Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar “Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS