Is California "too big to fail" or is a Golden State bankruptcy in the cards?
Reason.tv's Ted Balaker sat down with Jon Fleischman, founder and publisher of FlashReport, to talk about California's ongoing fiscal meltdown and how, after a barrage of bipartisan tax hikes and spending sprees, California's political class has yet to learn its lesson.
Shot by Hawk Jensen and Paul Detrick. Edited by Alex Manning.
About 9 minutes long. Scroll down for iPod, HD, and audio versions of this video.
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