Terminating illusions in California

The Washington Times reports:

California is the beta state, where everything new is tried and then exported, true or not. Rap, rock, lavender love, student riots, Arianna Huffington, hot rods and the Hula Hoop. Ronald Reagan and the tax revolt. The illusion that you can have it all, and somebody else will pay for it. This week California's voters offered a view of what happens when big government finally grinds to a noisy halt. Barack Obama could take note.

The state of California, alas, is busted. Broke. Down and out in Beverly Hills. Empty pockets in the sunshine. The Golden Gate, once the magnet that sent millions of Americans rattling westward, first in covered wagons, later in jalopies or "riding the thumb," opens now only to the prospect of the bankruptcy court.

Democracy is a God that fails,as Hans Hermann Hoppe would say.