The imagined benefits of being too big to fail

I believe it was Mike who commented that California, knowing itself to be “too big to fail,” is doing whatever the Hell it pleases.  (Or more accurately, the Democrats in state government, elected by feckless voters, are doing whatever the Hell they please.)  Over at Ace of Spades, you can find a perfect rundown of California legislative insanity, along with some trenchant humor.

As an American and a small government conservative, I want California to fail.  Nothing and nobody should ever be too big to fail.  As a California resident, and as a native who remembers when it was once the Golden State, I find all of this heart breaking.

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  • jj

    It’s not an ‘imagined’ benefit – it’s obviously quite real.  And your legislators, most of whom seem to be about six years old (which leads to God-knows-what conclusions about the people who continually re-elect them) have equally obviously figured that out.  They can, as you say, pull any kind of BS that occurs to them, and get away with it.  ‘Too big to fail’ as a euphemism for ‘somebody else will bail your worthless ass out,’ that’s all – and the National Asylum there in Washington DC has demonstrated that it’s absolute truth.

  • Moose

    jj –  ‘Too big to fail’ as a euphemism for ‘somebody else will bail your worthless ass out,’

    This reminds me of the mentality of the Teamsters I used to work with. As our company began to die, the Teamsters were indeifferent to the plight of the company we worked for. They would not make any concessions to speak of. I  reminded them that our company would go out of business at the rate it was continuing. The response was simply, “I don’t care, the Union will find me another company to work for.” they were totall ignorant that Teamsters jobs were disappearing as unionized trucking compaines were dieing left and right.

    There was no loyalty to the company, it was to the Union that negotiated their high wages. That was where their loyalty was. It seems the residents of Cali don’t care about their state, just the politicions that continue to provide their entilements.

  • Bookworm

    The reason I say “too big to fail” is an imaginary benefit is because, at a certain point, there will not be money left to rescue feckless California.  Even with the best Progressive will in the world, no handouts will exist to prevent California’s inevitable free fall.

  • Ymarsakar

    The Left can always do what Rome did when they ran out of money. Conquer foreign nations, liquidate their silver and gold and suck all the value out of their economies. This will sustain Rome for another decade or two at least.


  • Charles Martel

    The whore media in California love to run sob-story articles about what will happen to various old shut-ins, disabled children and unwed mothers if budget cuts aren’t restored. The solution for restoring them, of course, is taxing the wealthy.

    Why can’t this siimple solution be instituted? Because the evil Republicans stand in the way.

    Now underlying this endlessly repeated journalistic formula is a simple goal: To assure liberal readers that because their sympathies have always been with the underdog a.) it’s not their fault that the safety net is getting shredded; and b.) if the sans coulettes start rioting because of budget cuts, it will be the fault of the selfish, greedy, heartless Republicans.

    How’s that for an airtight theology?

  • Ymarsakar

    martel, sounds like they could have given Jim Jones a run for his money: and koolaid

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  • Mike Devx

    Charles Martel says,
    > The whore media in California love to run sob-story articles about …

    Well, Charles, the sob stories actually succeed.  Highly effective propaganda.  That’s why they keep using them.

    The problem is the same as with Social Security.  Back in the day, there were 12 workers – paying into Social Security – for each person/retiree drawing from it.  Modern day estimates have that at 3 workers for each drawer, and that is a big reason Social Security cannot be maintained.

    How many ObamaCare drawers would each of these “rich persons” have to support?  There really aren’t *that* many rich people to soak.  And there will be MILLIONS of ObamaCare recipients.

    Also, after three generations of LBJ-style dependency on the government, all local support networks have disappeared due to obsolescence.  There *is* no easy way any longer for local communities to pick up the slack once the national system fails.

    > How’s that for an airtight theology?

    It’s still a pretty solid strategy for defeating their opponents (us!), and it still works.  But at some point we will crash into the immovable wall of reality, and the pain, across the board, is going to be simply immense.