Another Joe, the John Locke Foundation?s Joe Coletti, has spent several years explaining to audiences across North Carolina that this state?s lawmakers have employed a spend-and-tax policy that has produced a government much more expensive than North Carolina taxpayers can afford.

Now Joe Klein?s latest column for TIME mentions that the same malady has plagued California:

“We have a history of boom and bust,” says Dan Schnur, chair of the state’s Fair Political Practices Commission. “We spend ourselves crazy, then the economy tanks and we’ve got a budgetary mess on our hands. In the past, there’s always been another boom to bail us out. There was aerospace, then high tech, then construction. Now people are wondering, Who’s going to save us next? Is it possible that no one will?”