Californians have 1) elected liberals, 2) have huge spending on immigrants, many of them illegal, 3) vote for every government program that sounds half-helpful, usually unfunded.
At the same time, largely though voter initiatives, have limited the amount they have to pay in tax.
Huge spending + inability to have huge taxes = fiscal irresponsibility. And unlike the federal govt. they can't print money, and their credit sucks.
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