California voters decided Wednesday to force state lawmakers to cut spending rather than vote in massive tax increases on themselves.
State officials responded by "threatening" to cut spending.
The feds are very likely to respond with a huge California bailout, which is a shame. After listening to all the big government caterwauling about inevitable disaster if spending is cut, we really need to see a state drive straight into fiscal responsibility just to prove that it can be done.
But who knows? Maybe Kentucky will do it.
Thursday, May 21, 2009
Tastes like a game of chicken
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