Isn't it amazing that the great state of California is having such awful financial problems on both the state and local level? All the Hollywood liberals who love to tell the rest of the country how to run things (and who knows more about economic policy than actors?) can't run their own state or their own municipalities. Keep on over-regulating everything, CA. Eventually it's bound to work!
It's even worse if you live here, because this is a giant state that is largely controlled by two or three populated areas, and so many of the policies they push through make absolutely no sense for the other areas of the state.
Maybe if the city was taxing watermelon and red drank like they do the gas out there they wouldn't have head to file for bankruptcy. They may have wound up with a budget surplus......