Who Killed California?
nationalaffairs.com
nationalaffairs.com
In some regards, CA is a microcosm of the troubles the US is going through. But at least the federal government doesn't have their hands tied as badly as CA does with the incessant ballot initiatives and super-majority needed to pass budgets. Letting Enron write the "energy deregulation law" was supremely stupid and is one reason for the blackouts and tens of billions of dollars in debt.
Add Proposition 13 to the list of the ways that California's hands are tied.
http://en.wikipedia.org/wiki/California_Proposition_13_%2819...