California is a one-party Democrat state with an incredibly wealthy tech sector and, through Hollywood, control over the American psyche. For a while, thanks to that tech money and Hollywood’s continuing (albeit diminishing) popularity, it looked as if California could sustain its mad spending, drug policies, pro-criminal policies, and generally huge government without imploding. Several recent reports, however, indicate that the implosion is coming fast.
To begin with, the state has gone from a $100 billion budget surplus last year to a probable $25 billion budget deficit this year. The accepted wisdom is that this is the first indication of […]
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