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Wednesday, January 6, 2010

California May be Incapable of Covering Social Services

“In his state-of-the-state message [in California], Gov. Arnold Schwarzenegger, a Republican, will proclaim California close to incapable of paying for social services in the next fiscal year, which begins in July, unless the Obama administration greatly increases aid to the state. That will be just one of many bleak assessments — and far-from-slam-dunk prescriptions — that Mr. Schwarzenegger will proffer as he and nearly every other governor face another year of extraordinary fiscal distress.” (New York Times, Wednesday)

But who is going to bail out the federal government?

FEE Timely Classic:
How Unions Are Bankrupting California” by Steven Greenhut