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Link here. Money quote:
Economist Herbert Stein once said: “If something can’t go on forever, it won’t.” California, on its current trajectory and with its new Socialist-inspired leadership, cannot go on forever. There simply isn’t enough money. The state will ultimately fail because the math says it has to.
Or as the article’s author also notes, “California’s aspiring new Socialists have already run out of other people’s money.” Worse, they don’t even know it, and plan to spend even more money they don’t have on more pie-in-the-sky communist fantasies.
California today reminds me of Venezuela ten years ago, when things started to go sour but no one there wanted to admit it. It also reminds me of the Soviet Union under Brezhnev in the 1970s. The collapse is coming, but the insane culture and leadership in California continues to do the same failed thing, over and over, expecting a different result. Instead, everything is going to crash. My big fear is that they will take everyone else down with them.