Indiana is not California

Well. This sucks:

California may need a $7 billion emergency loan from the federal government to pay for “teachers’ salaries, nursing homes, law enforcement and every other state-funded service” this month, Gov. Arnold Schwarzenegger warns.

California is running short on cash, Gov. Arnold Schwarzenegger warns in a letter.

California State Treasurer Bill Lockyer issued a statement a day earlier saying because of the national financial crisis, California “has been locked out of credit markets for the past 10 days.”

Thankfully, I live in Indiana where we figured out a few years back how smart it was not to spend more than you take in with taxes and other revenue:

Credit rating agency Standard and Poor’s (S&P), citing Indiana’s “continued strong management” and economic development efforts, has raised the state’s issuer credit rating to AAA, the highest rating it assigns. State officials say it is the first time in history that Indiana has attained S&P’s top credit rating.

You know, you Californians can just come to Indiana and get away from your broke crap hole. Heck, come soon and you might even get two free years of education:

The Hoosier College Promise would be available to Indiana students from families who earn about $60,000 or less annually. They would receive two years of free tuition at Ivy Tech Community College or an equivalent amount of $6,000 to use for their first two years at another college or university that is recognized by the State Student Assistance Commission of Indiana (SSACI).

Governor Mitch Daniels will ask the next Indiana General Assembly to approve the Hoosier College Promise, a program that would provide Indiana high school graduates with more affordable access to higher education.

Salem, Ind. Economy Takes Whallop

The Indianapolis Business Journal has this news for the down and out in my hometown of Salem:

The sluggish economy has prompted several companies to close plants or lay off workers in the state in recent days. They include:

-Jasper-based Kimball International Inc. said it will close its furniture factory in Salem and move the operation to its Borden plant, also in southern Indiana, according to the Evansville Courier & Press. Capacity at both plants had fallen below 50 percent of capacity. The 244 workers at the Salem plant were offered the opportunity to shift to Borden.

So, crap just got worse for Salem. How could I be so vain in thinking that good things might ever again come to Salem?

This effectively eliminates all of Salem’s (and Washington Co.’s) long-time employers. After Smith’s Cabinet closed a few years ago from a flood, all those folks went over to Kimball. Now that Kimball is waffling and gas prices may force some employees out of a commute that long, they could find themselves out of jobs again.

 

All that’s left in town is the Salem Lumber Co. which pays just a hair more than minimum wage.

 

Salem had better start marketing something and quick. If they’re smart, they’ll start fixing their brain drain by getting Ivy Tech to locate a campus there.