Is California listening?

Andy Kessler writes about Europe's woes and the fact that one cannot slide into debt expecting no consequences.  He ends this way:

My guess is that the euro will survive, but no one will trust it like they used to. At the end of the day, it's an entitlement problem. In Greece, the public sector makes up 40% or more of the work force, with short weeks, lots of vacation and lavish retirement benefits. All of that needs to be paid for with real income, not debt, and the markets are anticipating the day of reckoning. One can only hope European policy makers listen to the market. I wonder if California and Medicare are taking notes.

The first thing you notice about Cyprus is affluence.  The cars are mostly new, the homes are new and large.  English almost everywhere, denoting an international presence.  Richard McKenzie and Dwight Lee wrote about Quicksilver Capital some years ago.  Wealthy Greeks and other Europeans have been moving to relatively low tax Cyprus for some years. 

Oh, and one more thing.  Cyprus' highways are much better than the potholed messes I experince in California.  Kessler says: Is California listening?  I doubt it.