Failure is Not an Option

Victor Davids Hanson reports:

States and cities are lining up as well for fail-safe cash. California is nearly bankrupt; the state was just projected to have a deficit of $28 billion through June 2010. The state has vastly increased its public spending over the rate of inflation. Californians pay among the highest sales and income taxes in the nation.

But what they see in return are bloated bureaucracies, poor schools, congested highways and dysfunctional community hospitals. With a bailout, California's governor and legislators won't worry too much that their constituents are some of the most taxed and least served of any in America.

You'll want to read the whole article.