Watching the Big Red Wave roll across the nation on November 2 was like watching a New Years Eve Party through a window. I am happy for you all, I really am, but California just voted itself into a nuclear winter.In an act of collective amnesia, Jerry Moonbeam Brown was given a third term as Governor. San Francisco Mayor Gavin Newsom was elected Lieutenant Governor, Senator Boxer was given 6 more years to insult the military, and state and Congressional Democratic incumbents were overwhelmingly re-elected.
The bad news gets considerably worse:
In October, after missing the state's Constitutional budgetary deadline by 100 days, Sacramento passed a budget that is already $6 billion in the hole, and the budget for fiscal year 2011-2012 is already projected to be $19 billion in the hole.California is going to request a federal bailout, but California needs an infusion of cash like a junkie needs the needle.
Is the day of reckoning near?
Professor Jacobson at Legal Insurrection has warned you not to approach drowning Democrats. What I am asking you, for the good of the state and of the nation, is to please let California drown.
Can we afford not to let California drown? We're printing money (QE2), and we're running out of Chinese Renminbi.
Read the rest of Lilac Sunday's post here.