Asking whether California is America's Greece seems like a fair question to more and more people. It's in financial crisis and, like Greece, has teetered on the brink of bankruptcy.
(With a GDP of about $1.9 trillion it also has an economy that is nearly six times that of Greece, so California's too-big-to-fail impact on the global economy is not inconsiderable either.)
And once again this election year California voters are poised to make an even bigger mess of things through their devotion to direct democracy: the ballot initiative, which has made a mess of their tax system.
Read more: 'America's Greece,' California dreams of raising taxes - World - CBC News
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