Why California is Screwed and the US is Next

It doesn't take a genius to see California is in a perpetual cycle of increasing entitlements, overtaxing high-income earners who have left the state and penalizing businesses who are laying off or moving their operations elsewhere.

Pretty much what we are seeing happen on the federal level as well - and that is why California is a lot like Greece and the US is a lot like California.

Not good.
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  • Anonymous - Government worker: Obama reaches out and makes a decision to cut government read more
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