His point isn't completely off in that "California is going bankrupt" is a much better news story than the truth which is the state is just deeply troubled. Th

His point isn't completely off in that "California is going bankrupt" is a much better news story than the truth which is the state is just deeply troubled. That said the problem with this article is it basically uses Silicon Valley to prop up the rest of the state. Yes there's a lot of VC money in California, yes tech companies choose to have their headquarters here and yes that pumps up the overall GDP. But that doesn't negate all the other problems we have. As anyone knows you can make a ton of money and it doesn't matter if you spend more than you make. Right now California is doing just that to the tune of $20 billion a year. Beyond that he is using twisted numbers. For example he uses the Tax Foundation's tax burden index but the Tax Foundation themselves say that isn't a valid comparison metric because that calculation doesn't include local taxes and... “some states accomplish at the local level what other states accomplish at the state level, so a degree of comparability is lost as a result.” He also uses a lot of first level thinking. Like justifying the high pay given to public sector employees by quoting the high cost of living but not asking why there's such a high cost of living. Or saying how Google, Apple and Facebook all choose not to move from California without mentioning they've all chosen to build their data centers elsewhere. Like I said people do make this out to be more than it is. You never hear about Texas' equally sizable budget deficit for example. But that doesn't change the fact that things are bad.