Since the election, there has been a lot of attention given to issues to be faced in a 2nd Obama term, particularly the “Fiscal Cliff.”
But I’ve seen no attention paid to an issue that could tear this country asunder – bailing out California.
The State of California is headed toward bankruptcy. I expect that sometime in the next four years they will ask for a bail-out from the federal government.
If you think our nation’s divisions are bad now, wait until California asks for a fed bail-out, with Obama’s support no doubt.
So taxpayers who have elected somewhat responsible state governments who balance their budgets are supposed to bail out a wealthy yet profligate state which has elected and re-elected and re-elected and re-elected irresponsible liberals and Leftists with their literally bankrupt policies?
Taxpayers from red states will not take kindly to that.