California can’t pay its bills. It’s begun issuing IOUs to companies who have provided products and services, and to individuals due refunds and payments.
Everyone repeat after me: You’ve got to be kidding me…!
How does this happen, you ask? The same way every organizational failure occurs: Ineffective, incompetent, or dysfunctional leadership.
You hear crap like “real estate values,” and “proposition 13,” and “unemployment is high…” It’s all subterfuge. Smoke and mirrors at its very best.
Leadership is easy, until it isn’t. Leaders don’t get paid for simply giving more and more. There’s no skill required to always say yes. Leadership is about choices… about decisions. Some of them are easier than others; some are damned hard. All must be made with a vision in mind. A vision-less leader is a false prophet; going nowhere just as bad as going the wrong direction. Both lead to failure.
California is a financial bust because leaders were unable or unwilling to make decisions. I’ll go a step further, and say that in reality, California is broke because it has a bankrupt leadership pool. Don’t for a second believe this was some unforeseeable force majeuaur, or indiscriminate cosmic event. False prophets runneth amok in Sacramento…
And it will get worse for the golden state (that IS California, isn’t it??) before it gets better, since no leader has yet to surface in response to the challenge.
No leadership, no recovery. That. friends, is a guarantee.
But that’s just me…