Bust: California named worst-run state in the nation
Despite its sunny shores and mountain heights, glorious vineyards and gloriouser weather, Hollywood and Silicon Valley, the Golden state has become—how you say?— kind of a crapfest. Since California’s is the righteous path our liberal betters so long for us to take as a nation, let’s do check in and see how it’s working out for them.
The state passed a ballot amendment hiking taxes on the rich in November. California already had the most progressive state tax system in the nation and has been deficit spending out the wazoo throughout the recession. By my Keynesian calculations, the California economy should be booming, its unemployment rate low, its deficit and debt problems solved, and all of its “investments” should be yielding great results for those in need and in public schools.