Liberal California is finding out where Liberal ideas take us when other peoples
money is exhausted. Is hope for nirvana here and now so precious to liberals
that here in this mortal sphere with forces of good and evil working on
everything, our right for life liberty and the pursuit of happiness is worth
squandering for nothing? It is immoral to spend more than you take in.
In our entitlement society, personal bankruptcy lost its stigma years ago, why
should it be different for municipalities? Everyone knows that the money owed
after a bankruptcy just magically disappears and everyone starts
"fresh". I like that word - "Fresh". Businesses and individuals
feel "fresh" when a person or municipality that owes them money, money
that was lent in good faith, gets to legally walk away and the business or
individual gets to smile and be thankful they were able to facilitate whatever
the borrower frittered the money away on. Pfffffttt.
Tax payers who are at the foundation of the revolt should not be embarrassed
when they have to pay for financially irresponsible politicians. Angry, yes, but