Here's a comment:
California's unsustainable spending without regard to actual revenues is well known. Foolish giveaways and payoffs to unions is the way of life for the Golden State.
Well, now the money is gone. But the leadership that put them in that predicament remains. Until all of them are gone, any idea of continued support is suicide for the rest of us.
It really is that simple. These people are nothing short of financial crackheads. Anything for another hit of money, but a steadfast refusal to change to sustainable ways. Until they change their ways, the outcome will never change. We can give California every cent we have left as a nation, but they will still spend it all.
Socialism is not a sustainable financial model. The California leadership has denied reality long enough. The credit cards must be pulled. The goofballs in the California Supreme Court need to be thrown out for continuing to make up new laws from the bench instead of interpreting laws from Sacramento.
In short, the entire state is dysfunctional. The thinking of the leadership is infested with stupidity and failure. Nobody can make a decision, they just read the latest popularity polls and figure out who should get a warm fuzzy today.
California 2009 equals theTitanic 30 minutes after they hit the iceberg. There is no way the ship is not going down. The only question is how badly do you want to be on it as it goes down?