This Is Why California Is Not Getting Bailed Out

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California may be out of cash in a couple weeks, but they do have enough money to throw a multi million dollar victory parade for the Lakers. While the club may cover half the cost, the LA city budget will be covering the rest of the festivities unless there are private donations. Mayor Antonio Villaraigosa is adamant about this.

We're going to have a parade. People can complain about it, that's fine, but we're going to have a parade."

No word yet on who will be paying for Kobe's victory parade.
L.A.'s Broke but Still Wants a Party [WSJ]

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