Monday, July 27, 2009

The Desparate Duo

Two lame duck governors of two debt-ridden states are going into business. Arnold Schwarzenegger of California has the largest prison population in the country, (and the largest budget deficit.) Jennifer Granholm of Michigan has the highest unemployment rate—over 14%.

To help remedy their problems, Granholm is offering to house California prisoners in Michigan for a fee. (That’s right America human beings once more have become a commodity to be swapped and traded.) Theoretically, this proposal would save California money, while enabling Michigan to hire more prison guards, thus easing unemployment.

The rub: California is in such bad shape, it is now issuing billions of dollars in I.O.U.’s to its creditors. Not only is Michigan likely to receive an I.O.U. for its dubious services—housing prisoners; (is that all you got?)—but it will have to go to the back of the line to receive that.

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