http://www.latimes.com/news/local/la-me-budget23-2009dec23,0,7164018.story
Schwarzenegger to seek federal help for California budget
Governor Arnold Schwarzenegger and the California legislature have decided that balancing the California State budget doesn't matter. California (like the rest of the world) has noticed that the federal government is willing to bail out a few special interest groups, like the wall street giants that are only capable of benefiting themselves. The State of California must have decided that they are too big to fail. The State of California must have decided they are worth bailing out.
The federal government has a recent history of giving money to failing businesses so that their regularly scheduled bonuses can get paid. None of these businesses that received bailouts were required to change their ways.
The State of California is unwilling to spend less than they steal (tax), and want to continue wasting money on all their pet projects. So maybe the State of California is right and California is too big to fail. So maybe the State of California does deserve the same sweetheart deal the wall street giants got, plenty of money with no strings attached.
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