You sound like a Chinese telling a Chinese: "Go home Chink." Shame on you.

There was never unbridled, unfettered capitalism.

Unbridled, unfettered commerce, is called "Lazze'faire!" Where everything goes, and comsumers have no protections whatsoever.

The current capitalist system in US is heavily regulated.

The socialist agendas that European nations mandates are not what this country found on. I suggest you select a European country and move there instead further eroding our constitution.

>>>Moreover, the fed is not burdened with social programs, environmental programs, illegal alliens, and labor programs to the same extent as California is.<<<

ehhhh....you are kidding me, right?

You have no idea how much US spends on social and etitlement programs each year?

http://www.whitehouse.gov/omb/budget/fy2010/assets/summary.pdf

enjoy!

Like California, the fed also runs a record deficit, loses jobs to overseas, faces closing of companies, and bears choking debt. The difference is the fed can print money, whereas California cannot.

Moreover, the fed is not burdened with social programs, environmental programs, illegal alliens, and labor programs to the same extent as California is. Yet both are in the same predicament. So what is your fix for the fed? What is to blame?

I don't understand your glee at the plight of California while turning a blind eye to the misery of the fed.

The days of unbridled, unfettered capitalism are numbered. Western European nations and societies offer a better mode from which America can learn a thing or two.

As far as "AAAARny" goes...

Just like Bush, he betrayed conservative values and principles. But Bush did not do so to gain popularity and votes....especially Hispanic votes, AAAArny did.

If Americans are smart, they’ll learn from California’s example. There’s something eerily familiar about President Obama’s close embrace of government employees and unions – along with his historically budget-busting "investments" in all manner of services – coupled with his call for higher taxes. But, everyone is ohhh sooooo in love with Obama right now, who cares about California, right?

I love to find fault with social programs?

You are absolutely right!

Not only social programs, unions as well!

The SEIU is so powerful that some of its members were able to listen in on a phone call between the Obama administration and the state – which resulted in the President’s threat to withhold stimulus money if the cash-strapped state made even modest cuts in the salaries of unionized home health care employees. In fact, state government is routinely held hostage by public employee unions; not surprising when one considers that California is home to 356,000 state workers – 9.3 of them for every 1,000 residents.

Similarly, if one is an illegal alien or in need of public aid, California works well, offering a panoply of health and other welfare services with few questions asked. Just in April, in fact, Democrats in the state legislature opposed requiring welfare recipients who failed to complete a drug treatment program to take random drug tests in order to continue receiving benefits. And California spends in excess of $5 billion per year on illegal immigrants and their families, offering a menu of health care services that includes non-emergency care, long-term nursing home care, and abortions.

Then again of course, I am the heartless monster, who does not care about "the children!"

Hey, it is your state, what do I care right?

California is frozen out of the bond markets by the recent credit crunch. It cannot access the short-term loans that it relies on to operate. In addition to the social programs that Jariel loves to find faults with, California also funds environmental programs and labor programs. They are part and parcel to the benefits that Californians have come to take for granted.

Arny put forth a comprehensive proposal to raise tax, cut spending, borrow money, stimulate the economy. His proposal was blocked by his fellow Republicans in the Chambers of Legislature.

One more thing from Chius article...

>>今年2月時州政府已削減預算150億元，又加稅128億元，還舉債110億元，但下年度仍有赤字243億元。最新資料顯示，今年4、5月的稅收又比預期減少了9億元，換言之，下年度的赤字還要從243億元增至252億元。<<

You readers caught that? If you did, did you understand why is that?

You people should know...

The Russians are laughing at us...

The Russians are laughing at us because what the US is doing to herself that Russians has been wanting but never able to do it themselves.

Why is US emulating the economic model which has been discarded by other countries...even the Communist China?

Under Arnold Schwarzenegger, the best governor the states contiguous to California have ever had, people and businesses have been relocating in those states. For four consecutive years, more Americans have moved out of California than have moved in. California's business costs are more than 20 percent higher than the average state's. In the last decade, net out-migration of Americans has been 1.4 million. California is exporting talent while importing Mexico's poverty. The latter is not California's fault; the former is.

But what actually ails California is centrist evasions. The state's crisis has been caused by "moderation," understood as splitting the difference between extreme liberalism and hyperliberalism, a "reasonableness" that merely moderates the speed at which the ever-expanding public sector suffocates the private sector.

The Democratic-controlled state Legislature's recent defeat on all but one of its proposations is much like handing voters some two-by-fours -- the initiatives. Resounding rejections of them should get Sacramento's attention.

I disagree with three of you. The problem is more than meet the eye.

I agree with Mr. Chiu and Straightshooter.

Bankruptcy might be the best thing ever for California. It's time for California to rid itself all the expensive (and useless) liberal social programs.