High Ground Underground

Here is Allysia Finley discussing her controversial Wall Street Journal Opinion article on "California: the Lindsay Lohan of States" (http://online.wsj.com/article/SB10001424052748703506904575592612400443370.html#dummy). We have $70 B of general obligation debt, and $500 B unfunded pension liability. Her article says CA government is run by a brothel of environmentalists, lawyers, public sector unions & legislative bums. We're borrowing over $40M a day to pay for public employee pensions. Sound like Greece? Michael Barone noted that the GOP gained over 670 seats in state legislatures & governors, in addition to the gains in the US Congress.

The “Shellacking” Clearly Nov. 2, 2010 was a very good day for the country, in restoring some fiscal and constitutional sanity, with a historical 61 GOP seats gained in the House, and several in the Senate. We did, indeed, fire Pelosi, and I may now need to modify my byline – we’re now no longer completely out of power. Now they’d better do what they were sent there to do – lower spending & government growth, stop tax increases, and repeal the most egregious parts of Obamacare, if the entire bill is not found unconstitutional in the multi-state attorneys general case. But Obama & his cohorts appear to continue to be tone deaf in understanding the reasons for their reversal of fortune. And this does not bode especially well for the battles ahead. They believe, apparently still, that it was just some irrational fear & lashing out due to the poor economy, and the electorate’s ignorance of the greatness of what he’s done – maybe only in part because he hasn’t explained it w