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Is 'Calexit' a good thing for the economy?

Roger Showley, SAN DIEGO UNION-TRIBUNE

Friday, February 24, 2017

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Bullet train as a federal investment sought by California.Bullet train as a federal investment sought by California. Federal funding of a bullet train is one of the California infrastructure priorities favored by Gov. Jerry Brown. (Rich Pedroncelli / AP)

 

Kelly Cunningham, National University System - NO:  Arguably, the sixth largest economy in the world could be better off as independent, self-governing state not subsidizing the rest of the nation. California gets back about 80 cents in spending for every dollar paid in federal taxes. Defense spending could be much lower not maintaining the global U.S. military superpower. But much of California’s success comes by accessing the common market and currency of the U.S., including vast financial, population, resources, water rights, etc.