Yes and here is why...
In many respects, Los Angeles is a glimpse of what socialism would do/could do to America. We have the most democratic legislature in the country, resulting in ALL of the following...
The highest taxes in the country.
The 2nd to worst schools in the country.
The worst business and overall economic climate in the country.
35% of the whole country's welfare recipients residing here in the state.
The 3rd highest rate of unemployment in the country.
A statewide Global Varming Law passed and soon to be enacted.
A very high rate of business owners leaving the state at record pace, only to be replaced by low income, low-skilled illegal aliens. The population of the state has not changed despite thousands leaving, wanna take a guess who is replacing them?
Can you now see why Socialism is a mental disorder? Or do you actually have to wait for O'blunder and his cronies to actually drive the country into bankruptcy?
Hulk, this is all about simple math. You know why I love math?... Because it doesn't lie. If you spend more than you take in, then you will drown in debt. If you think on raising taxes, there is a limited point where people revolt (which happened here in May 2009 when the people voted down a tax increase.)