California Down the Tubes
This is depressing.
“These policymakers continue to watch the situation closely and do not rule out helping the state if its condition significantly deteriorates, a senior administration official said. But in that case, federal help would carry conditions to protect taxpayers and make similar requests for aid unattractive to other states, the official said. The official did not detail those conditions.” Might California become another GM? Might the feds condition a bailout on passage of another state tax increase? It’s hard to say, but this situation is not looking good.Such a beautiful state, such an ugly government. All Sacramento knows how to do is waste money. Lots of it. . . .