08 March 2010

California Heads Towards Bankruptcy

OC Register: Who could blame us for cussing?

Californians know that something is wrong, and they also know that their elected officials – at least operating under today's political dynamic – can't even get themselves to stop digging a deeper hole. Few economists believe that the economy is poised to come roaring back, which would paper over the problems.

California appears headed toward a massive fiscal collapse.

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