Academic

NEW YORK AND CALIFORNIA: Indebted and Unrepentant. ?Another division is likely to compete for cent?

By Glenn Reynolds

NEW YORK AND CALIFORNIA: Indebted and Unrepentant. “Another division is likely to compete for center stage in the next two years: the split between, on one side, California and New York?two states, deeply in debt, whose wealthy are beneficiaries of the global economy?and, on the other, the solvent states of the American interior that will be asked to bail them out. This geographic division will also pit the heartland?s middle class and working class against the well-to-do of New York and California and their political allies in the public-sector unions.”

Full post as published by Instapundit.com on November 06, 2010 (boomark / email).