Quote:I'm sure those running California's unsustainable government into the ground will be taking notes on how to avoid responsibility and accountability when their chickens come home to roost as well.

 

Can't spend what you don't have.  Printing money doesn't solve it.  All bills come due.

California is relatively less risky as far as debt/pension funding goes etc. When I worked there for one of the UC's I took a long look at their pension funding, they have kept it pretty solvent. They are more fiscally responsible than states like NY or Illinois or Hawaii. Think more along the lines of states that have been blue for 50 years. California wasn't that way 25-30 years ago.

 

I think it also helps California that they have a large portions of fruits and vegetables grown there, plus silicon valley. They have a large economy, but no doubt given enough time, they too will be teetering on the edge if they continue their current path.

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