If you're a government, and you're in a jam, you've got three options. Pick one and swallow your poison. Bailouts, Bonds and Taxes. That's the trifecta.
Usually you pick one or two. Usually, you tax and bond in comnbination with service cuts and fee hikes. Tom did those two. But he also got a bailout from the state.
So let's get this straight -- he got a hundred million dollar bailout. He blew it. He raised taxes and invented new ones. And then that wasn't enough. So he went out and spent millions more on the credit cards (bonds).
When does it stop? The hole we're in is deep. And unless we get some real change now, we're never going to get out of the hole.
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