As a relatively new California resident I am similarly disgusted with this behavior. Public officials have for too long held the State hostage to their social experiementation. Problem is that they are using our resources and have mortgaged our future for their ends.
Unfortunately, California is not alone. Most local and state governments have marched down the same path, right behind the Federal government. The only difference is that the Federal bureaucrats can print money to keep the party going longer.
California Bonds Downgraded Again [View article]
Unfortunately, California is not alone. Most local and state governments have marched down the same path, right behind the Federal government. The only difference is that the Federal bureaucrats can print money to keep the party going longer.