uburoisc
2009-06-12 07:21:21
The only way that the leftist politicians are going to cut anything except military spending is to force it into bankruptcy. That is equally true of the federal government. But with states, they can’t “monetarize their debt,” so they go first. Bankruptcy is the only place where immovable political objects get moved; so many people are at the trough in California that the only way they are going to get get the face out of the slop is to have the food supply cut off entirely. And they have nothing left to hyperinflate, like housing, to provide the fake revenue stream.
