Archive for October 5, 2008

California, Massachusetts Need a Bailout

October 5, 2008 Economics, News/Opinion, Politics

How fitting that two of the most liberal, socialist states in the union are the first to line up at the federal trough and demand a bailout.

California has an insane level of taxation, and no small amount of rich Hollywood types who are always whining about how charitable everyone else needs to be. I say let THEM bail their state out.

California has a tremendously-bloated state government, a morass of overregulation, an extremely inefficient university system rife with redundancy, useless degree programs, and a boatload of tenured professors who add no value to the economy. Surely, the Governator can start cutting costs. 

As for Massachusetts, perhaps if they didn’t subsidize health insurance–think: Masscare–they might not be in the mess they are in. Let their cadre of Brookline liberals bail them out.

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