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Upton Sinclair and the last time California faced Bankruptcy[Subject Prev][Subject Next][Thread Prev][Thread Next]
- To: <seaint(--nospam--at)seaint.org>
- Subject: Upton Sinclair and the last time California faced Bankruptcy
- From: "Dennis Wish" <dennis.wish(--nospam--at)verizon.net>
- Date: Mon, 22 Dec 2003 20:43:09 -0800
- Cc: <cvsea(--nospam--at)structuralist.net>
I ran across this link for Upton Sinclair History Page (the author who wrote “The Jungle” about the unsanitary conditions in the food packing industry); http://www.ssa.gov/history/epic.html
California was about to become bankrupt and Upton Sinclair decided he wanted to run for Governor of California in 1933. He wrote a Final Statement plan for fixing the ailments of California. It is amazingly like the plan that Arnold has suggested – start by floating bonds, followed by an immediate cut across the board without the approval of the state government.
Seriously, I am not suggesting that it won’t work for Schwarzenegger, but Sinclair was a Democrat who came up with this plan. It was never really tested until now. I think most Californians will find this interesting.
Dennis S. Wish, PE
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