CA’s problems is too many pigs at the trough, with too many inefficient programs that legislators are (so far) unwilling to cut. I’m all for working Americans earning a decent wage, but many of the public sector employees in CA are off the scale in terms of what they receive.

So far, nobody is willing to address this problem. This makes CA the GM of states. You can “save” it now by pumping in money, and you’ll just have to pump in money again next year. And the year after that.

If the “solution” to this situation is always higher taxes – because, believe me, any increase in sales tax will quickly be made permanent by CA’s spend-and-spend legislator – then the system will never have the pruning it so desperately needs.

No, in this case the sustainable solution might just be a bankruptcy. Just like GM. Tear up the CA Constitution and start over. Only then will we have a sustainable solution as opposed to the rolling-bailout.