Did U Think The Ponzi Scheme Would Last?

California Bonds Downgraded Again

You really don't get it do you? This is not a recession, it's a depression and those guys know it. They are fighting for their own jobs and they know that he who doles out the most pork to a hurting people will be seen as a "good" politician, exactly the opposite of what is needed. It is the people through it's herding, socialistic tendencies which control the politician's actions. If they weren't elected and instead appointed, etc. then it would be a whole different story. Unfortunately absolute power corrupts absolutely and they would just install themselves as dictators, create their own private and highly paid security force, etc. They would use taxpayer money to enslave the people by force instead of the current mechanism (i.e. by debt). At least you can file for bankruptcy on debt. The force route is a little harder to deal with once it is in place.