Gedankonomist

California Bonds Downgraded Again

I was reading a story yesterday about how many mom & pop gas stations in California are closing their gas pumps rather than deal with the the added regulatory burden the California legislature has recently saddled them with.

California residents think they can have all these environmental regulations (mostly so they can feel good about themselves) and not suffer economically for it.

And guess what? When the state collapses, amen it's happening even now, guess where the Californians will go? They will come to your neighborhoods and your towns, and impose the same BS on your own governments, because they have not learned a thing from their own mistakes.