California is virtually bankrupt after years of out-of-control state government spending (it leads the country in spending on government employees) and is begging for a federal bailout. Its extreme “green” environmentalism and health care costs (it keeps flirting with universal health care) are among the reasons that its economy is crippled. It has the nation’s fourth highest unemployment rate, ranks 48 out of 50 states in K-12 education (even though it spends twice the national average on education), and is swamped by illegal immigrant families overwhelming its social services and welfare system.Do you want to be a long term creditor to the state of California?
Friday, March 27, 2009
If You Like California’s Sorry State of Affairs, You’re Gonna Love Obama’s Vision for America
Fox News reports: