Guest post by Loki
Governor Brown is in deep (caution explicit technical term follows) doo-doo. California is not only bankrupt, they are really really bankrupt. Tax receipts are down, the rich are leaving, businesses are leaving, and even the illegal aliens are leaving. All the years of liberalism has caught up with the public coffers. They are the biggest example of the failure of liberalism in America… well besides the USA.
There is only one thing for a liberal governor in a liberal state to do. He must follow Paul Krugman’s advice. He must borrow billions more and immediately spend it on green jobs to stimulate the economy. Preferably union jobs. He must also raise taxes on the rich, those making $50,000 or more. Hollywood needs to pay their fair share. Have you seen how much they made on the Avengers? Hollywood needs to be taxed at 90% or more. If Governor Brown really believes liberalism is the way it is the only course of action.
Instead he will probably ask President Obama for a bailout. And with this being an election year and Obama desperately needing California’s Electoral Votes this should be interesting. Pass the popcorn.