I long age nicknamed the big state out west the People's Republic of California. After all, with its high taxes and excessive regulation, it's the closest thing we have to a full-blown socialist state here in the good 'ol USA (not to mention my home state of New York, Taxachusetts, and New Jersey, where its against the law to pump your own gas and serve runny eggs).
As you can read in this article, the state is melting down with a $16 billion dollar shortfall. It's credit rating is higher than only one state, Louisiana. What's the governator to do?
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