California is Broke

The state of California is officially broke, according to the Associated Press. The state is now issuing “IOU’s” because it doesn’t have the money to pay its bills.

I find it ironic that the federal government recently adopted the California model for emissions and carbon reduction. In a state where 80% of all the revenue goes to entitlements, I fail to see why the Fed would want to model itself after a state that drove itself bankrupt because of poor fiscal planning and an impossible environment where power blackouts and jammed highways are the norm.

It is time for a recall vote yet for Congress??

About Gary Smith

Chief Smith has served over 31 years in the criminal justice field. He is currently a consultant assisting public and private organizations better establish community goals and ethical conduct with the members of their organizations. Chief Smith serves as a facilitator, lecturer, professor and other capacities both inside and outside the criminal justice field.
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