Tag California budget crisis

How bad are things in California?

“I looked as hard as I could at how states could declare bankruptcy,” said Michael Genest, director of the California Department of Finance who is stepping down at the end of the year. “I literally looked at the federal constitution…

The wheels are coming off, it seems

Ten Bears comments in California failin’ is becoming a reality. Physics is everything, everything is physics. Wheels coming off implies momentum. Momentum implies a degree of anticipation of where the wheels will go. Is it not far better to view…