Academic

CALIFORNIA UPDATE: Going Broke: State?s a wreck ? can it be fixed? ?It?s been a mess for much of?

By Glenn Reynolds

CALIFORNIA UPDATE: Going Broke: State’s a wreck ? can it be fixed? “It’s been a mess for much of the past three decades because the combination of an out-of date tax system, reckless spending and fickle voters has made state government extremely vulnerable to the ebbs and flows of the economy.” Mostly the “reckless spending,” though I predict that’s the least likely problem to be addressed.

Full post as published by Instapundit.com on September 20, 2009 (boomark / email).