Impervious California

No state is in a bigger fiscal jam than California, with its structural budget deficit and massive unfunded liabilities for well-compensated public employees. The state’s business climate is atrocious, and unemployment has topped 12 percent. Yet California voters on Tuesday not only sidestepped the national backlash against liberal Democratic policies; they declared that they want more of them.

http://city-journal.org/2010/eon1103sg.html

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About Well of Knowledge Tour Guide

I am a public policy thinker and amateur historian. My interests are seeking knowledge in all areas of life.
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One Response to Impervious California

  1. California will not find the 112th Congress to be sympathetic to their self-imposed plight. California is going to have to bail itself out now. Should be a fun time watching Jerry Brown try and extricate himself from this mess! Same can be said for Andrew Cuomo in New York, although he has a slightly better track record for budget balancing than his counterpart in CA.

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