California: the Lindsay Lohan of States

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.

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