DIGG THIS Anthony Gregory recently wrote an article lambasting the Republican Party, particularly the politics of debt in California. Schwarzenegger was one of the key players in getting the Wall Street Bailout passed; he wailed about the dire straits his state was in with respect to the credit market the morning of October 3rd, coincidentally the same day that the House did their do-over vote on the bailout. California did indeed get its loans. As Mr. Gregory points out, it would seem that bankrupt states should be un-creditworthy. But they always have the taxpayers to milk, so re-payment is u201Cguaranteed.u201D … Continue reading Debtomania