There used to be a saying: “As goes California, so goes the nation.” Bear in mind that the first time I remember hearing that the Governor of California was a man named Ronald Reagan, you may have heard of him. These days, we should be terrified at the very idea of California taking its fiscal train-wreck policies on the road. Under the current governor, the impeccably coiffed Gavin Newsom, California has gone from a state with a budget surplus to facing almost $70 billion in debt. Yes, that’s “billion” with a “B.”
That isn’t stopping the state of California from coming up with a new scheme to help finance homes for the impoverished; in this latest bit of Left Coast lunacy, the once-and-former Golden State is proposing to give people “loans” of up to $150,000 each, to be initially funded by those generous California taxpayers, to help them buy houses. Now, it’s not as bad as it…
