Nov 14 2008
Quotation Of The Day
California has a whopping $28 billion dollar deficit, thanks to their inability to control spending. When Governor Arnold Schwarzenegger first took office on a platform of fiscal responsibility, the Golden State deficit was around $16.5 billion. California has continued its spending spree and raised taxes that kill investment and businesses. Now that they face a drastic shortfall in projected revenue, thanks to the economic mismanagement of California’s governing class, the Speaker of the Assembly has a great idea — why not let the federal government subsidize their irresponsibility?
Idiots.
One response so far
OK, I’ll buy it. Declare CA bankrupt and put it into receivership. The price for paying off the bills? suspending all CA laws. Get rid of all the crap that got them there to begin with, turn the economy around, then re-establish democracy under a dictated state constitution (minus crap like the referendum), and see how long it takes them to screw it up again.