Thursday, July 2, 2009

Electing a movie star with no electoral or governmental experience . . .

as governor of the nation's largest state, and simultaneously recalling an experienced governor who balanced the budget by covering spending with taxes.

How's that working out for you, California?

"Its budget gap growing and its political process for addressing the gap unhinged, California will begin Thursday to pay vendors and taxpayers with i.o.u.'s . . . The bulk of the warrants - which will offer recipients an interest rate of 3.75 percent -- will be issued to Californians waiting for their income tax refunds, though some will be issued to local governments as well as to vendors doing business with the state."

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