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"California continues its leadership"

Yup, first in the nation to bankruptcy. How this state can continue down the path of penalizing businesses and consumers with massive new regulations and taxes, all the while facing massive deficits, watching its cities declare bankruptcy and its homeowners face foreclosure, is beyond me.

I grew up in California during the '60s and '70s and lived there until the early '90s. Watching this once great state go down the tubes because of its nutty schemes and navel gazing is a great sadness.