Kalifornia Nightmarin.

The announcement seems bad enough: Moody is to review the financial rating of all (nearly 450) California cities. Moody estimates that nearly 10% of California cities are bankrupt and may seek Chapter 9 protection. There are important considerations for cities to maintain solvency. Otherwise they can not sell bonds to finance construction of public works.

A generation ago, in the days of Ronald Reagan, California was a Republican State. It was solvent. What happened?

California became overran with illegal aliens amnestied into citizens by the consent of Ronald Reagan. Work ethic died. Welfare rolls exploded. The new citizens are in fact still Mexicans. They do not speak English and they expect El Patron (Democrat leaders) to give them jobs, income, even if a pittance. And the contemporary Democrat Party is home of all the fruits and nuts, but not the Party of entrepreneurs. Democrats love an electorate that is content with little in exchange for unwavering party loyalty.

California today is no longer an American State. It  is composed of a majority of unassimilated Mexicans, laced with a seething mix of other minorities. There are islands of Republican remnants that have withstood the tide of dumming down - for the time being. Obama plans to mint another 16-60 million new citizens to destroy the Republican Party. It will be the end of the United States. Californians have escaped California by moving to Texas, Arizona and other States. If Obama succeeds, there will be no escape.