from Financial Survival Network
Our old friend Joe Messina says that it’s no secret that the state of California has been in a downward spiral for many years. From crumbling dams and infrastructure to tax-crazed ideologues driving the producers from the state. There’s no hope which is why as was said during the Vietnam War, “We had to kill the village to save it.” California is in exactly the same position, it must be killed to save it. Its pension plan is drastically underfunded, its governor has long since detached from reality and no one is facing up to its long/short term problems. A major fiscal disaster is all that can save the once Golden State.
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