The state's problems involve a larger "California philosophy" that is relatively new in its history, one that now curbs production but not consumption, and worries more about passing laws than how to pay for them.
Thursday, February 10, 2011
California's Problems
Much is written about the problems faced by trend-setting California. Here Victor Davis Hanson, writing for Townhall.com, comes up with the most comprehensive CA "balance sheet" I've yet seen. He itemizes the state's assets and liabilities, with emphasis on the former. For those of us who care about the Golden State, it is a good read. His conclusion is particularly apt:
