By Ben Cohen
When you adopt the philosophy of low taxes with high spending, you will eventually run up a huge debt. The Republican maxim that low taxes produces increased revenue hasn’t exactly worked out, and the state of California is a perfect example.
Unable to fix the budget deficit, the California state government is about to go bankrupt. It has no money, and the entire system is about to collapse. While the rich can insulate themselves from the worst of the recession, the poor have no safety net, and the lack of government run programs will devastate the state.
Al Jazeera’s Fault Lines reports on those most effected by the impending disaster, the working poor who will literally have no one to turn to:
Ben Cohen is the editor and founder of The Daily Banter. He lives in Washington DC where he does podcasts, teaches Martial Arts, and tries to be a good father. He would be extremely disturbed if you took him too seriously.