The California Conundrum

California, which is itself running at a tremendous budget deficit, has announced plans to keep foreclosed homeowners in their houses. The Governator, a nominal Republican, revealed his true political orientation sometimes back when he said government must provide everything for everybody. This school of thought now largely permeates Washington as well and is a prescription for the end of the nation. When broke states bail out broke homeowners, the country is irrevocably broken. When someone on state aid buys a lottery ticket, you pay for it. When someone in subsidized housing has cable or a satellite dish, you pay for it. When someone enters the country illegally and accesses our medical system, you pay for it. When aliens send their children to our public schools, you pay for it. Under ordinary circumstances, no nation could afford to purchase everything for everyone as Schwarzenegger insisted the state is ultimately responsible for, but with Obama and the Fed and Treasury willing to print devalued money at a breathtaking pace, we can pay for it all, and when the hyperinflation sets in, we will all pay for it later.