California: Running a failed state can sure be expensive

By: David Freddoso
Commentary Staff Writer
12/15/09 8:40 AM EST

Among the many problems California faces now: The near-junk rating on its bonds means the state pays more in interest. In 2020, Reuters reports, the state will pay more than $10 billion on interest alone.

More here on how profligate spending and liberal, anti-business policies are killing the host organism, causing a record out-migration of businesses and citizens alike from a state whose natural beauty is unsurpassed.

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