Is California "too big to fail" or is a Golden State bankruptcy in the cards?
Reason'tv's Ted Balaker sits down with Jon Fleischman, founder and publisher of the 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 is hoping for more of the same.
Shot by Hawk Jensen and Paul Detrick. Edited by Alex Manning. About 9 minutes.
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