California the Deadbeat
The political and economic conditions in California have degraded so much that now banks won’t accept the IOUs that state government is using to “pay” people. That’s good. If they continued to do so, California would have effectively created its own paper currency, backed by nothing but ineffective politicians.
I feel bad that I am singling out California state politicians for criticism. After all, the local politicians are equally inept. Case in point: Los Angeles is also broke yet ponied up $1.4 million to help “celebrate” the life and death of a drugged-up, self-mutilating entertainer. Can things be any more ridiculous? Can a tax-funded “Whacko Jacko Memorial Park” be far behind? This is what happens when the entertainment industry runs things. Maybe they should declare the entire city “Neverland” and sell admission tickets to everyone who enters.
Do I feel sorry for Californians? Nope. Most of them voted for the fools of finance that run state government. Others are too [insert negative term here] to leave the state and find a more rational environment in which to live. Or maybe they love the exhilarating feeling of wondering when the next wild fire or earthquake will break out. Perhaps they are concerned that Mexico will take over what they leave behind. Wait – isn’t that happening already?
I know and respect a number of folks who live and work in California. I just can’t figure out why they stay. It’s going to get worse and they have options. Oh well. I suppose its none of my business, as long as the federal government resists the call to bail out the state’s finances. In my book, California is not “too big to fail.”
Image credit: Mr Jaded