Mint.com has a great article comparing the state budget crisis in California to our own personal finances:
Understanding the California Budget Crisis
It's often possible to learn valuable lessons about our personal lives from large events involving many people. The pride cycle of the Book of Mormon is certainly applicable in our own lives, and the scattering and gathering of Israel can be a powerful metaphor for repentance. Similarly, we can learn important lessons about our own finances from the financial failings of large institutions, states or countries...
And California has definitely failed.
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