-By Warner Todd Huston
The left-wing idea that it’s good for government to always wildly increase spending is dying a quick death these days. But this good sense has not made it to every state in the union yet — two disastrous states in particular; California and Illinois.
These two states have not learned the lesson about the ruinous government spending that is causing the country to teeter on the brink of bankruptcy.
Apparently, Illinois and California are vying for worst-state status. Moody’s Investment service, for instance, has rated Illinois the worst, but Standard & Poor’s says its California. But California has one thing that makes its fragile economic situation worse than Illinois. California’s penchant for economically ruinous ballot measures that create boondoggle programs that the taxpayers are forced to pay for is not rivaled by the common corruption endured by the citizens of Illinois.
The worst boondoggle currently forced on the people of California is the high-speed rail project that is already running billions over initial cost estimates even before the first foot of track is laid.
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Every Year Boondoggles Pile Up in California”