Matt Welch’s article, California Screaming, details the recent voter revolt in California rejecting the five propositions calling for more borrowing, taxing and spending to extricate CA from its bloated budgetary mess. The beautiful part is the Sacramento Bee’s chastisement of the voters the next day. Imagine the voters not doing what they were told by the press and the democratic party! The article accurately portrays the public employee unions control of the state aided and abetted by the fourth estate. Rue the ruling classes!
As frightening in the July 8th Wall Street Journal, Henry Rowen posits a New York solution for California in which Obama will spend more of our hard earned money to salve California’s profligacy. It’s not often that the term “moral hazard” is used with reference to governments but it appears to becoming in vogue!
Tom Motherway, tom@renohayek.com
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