Summary
Now that we are accustomed to government bailouts of every stripe - from banks to carmakers - the question is actually being asked with a straight face: Is California too big to fail?
This is, as we have seen, another way of asking: Should California get a bailout?See the full content of this document
Extract
California Must Face Same Tough Choices
Our quick, firm answer: No.
Clearly, the Golden State is golden no longer. California is a monstrous state with monstrous budge...See the full content of this document
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