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California is Bankrupt

No one wants to bu California's bonds.  The state isn't credit worthy.You mean letting in millions of low-wage earners who consume more in public benefits than they contribute was a bad idea?  And that allowing teachers, nurses, and prison guard unions get too strong was a bad idea?  No way.  Liberalism teaches that unions are, well, something to say yes to. California had an economy larger than most first-world nations.  Now it's broke.  Remarkable.What is not remarkable is the cover-up.  No one is talking about why California is broke.  You can't, because then you'd be racist.  Or you'd hate teachers.  Everyone knows a nice teacher.  Therefore, all teachers are great.  Therefore, teachers unions can't be too powerful.Incidentally, California's situation shows why libertarian economists are morons...continue to full post

Full post as published by Crime & Federalism on April 25, 2009 (boomark / email).