Own It!

California Democrats own it. What a shame, no more Arnold to blame. Come what may, Governor Moonbeam and his Happy Merrymakers in the Legislature now own it. The budget deficit is $26 billion and the unfunded public pension liability is $500 billion (yep - a half Trillion big ones!) and yet Jerry Brown was taped during the campaign that if they can find some money, they're going to give that away too! Whatever else it may be, the "Look ma - no hands!" approach is amusing. Now that the U.S. House is firmly in Republican hands, I think that you will not see a bailout of the Golden State in the event it defaults on a bond issue or other financial obligation. Perhaps they can spray paint things gold to maintain the image. Good luck folks!