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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction
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To: Jim S who wrote (48806)6/5/2006 4:01:49 PM
From: Lazarus_Long  Read Replies (3) of 90947
 
I was thinking of NYC when I wrote that. NYC ultimately was bailed out by the Feds. Nixon, Prexy at the time,was against it, but ultimately talked into it by his advisors. Whether GWB can be (given that it happens with the next 2 years and he lasts that long- -and I regard the last as highly speculative) is wholly another question. He refused to help CA with the energy crises, probably because he know it was solid Democrat.

We're talking bankruptcy of the government of the world's 6th or 7th largest economy. The effects on the rest of the US could be drastic. The good news is what you point out- -the state could FINALLY break the contracts forced on it by the teacher's union, prison guards union, and others. For the state's residents, the short term effects would be disasterous. Long term, getting the 800-pound gorillas off its back could just what is needed. That is exactly what Arnie couldn't accomplish and their attacks on him have probably killed him in the next election.

Getting rid of Arnie is HARDLY going to solve the state's problems, though, much to the surprise of CA liberals. That will just make it apparent that neither he nor his Republican predecessors were the problem.
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