California's Shocking Decline

Victor David Hanson reports:

At some point even the Silicon Valley liberal engineer who hires the illegal nanny for his infant, or the Hollywood utopian producer who is forced to pay union rates beyond the comprehensible, or the triangulating college President who is left with a therapeutic curriculum, half his students in remedial classes and no more money to exploit temporary lecturers cries “enough already—this financial madness cannot continue!”

How close are we to the iron laws of economic correction? Very. When the money runs out and the squeezed taxpayer has no more juice, and the state employee is left with a bounced check, then we either change or begin to resemble Third-World countries where everyone works for the government; nothing gets done; no one is accountable; the wealthy hide income and live in guarded seclusion; the bemedaled thug in sunglasses promises the turba bread and circuses from the balconey, and the middle class turns to drink—and dreams of once-upon-a-time California.

You'll want to read the whole article.