As California Goes, So Goes New York

... Aaaand probably the federal government.Over at the Atlantic, Megan McArdle takes on the question "Is California too big to fail?" Short answer?  Nope.

National Debt Roars Past $9 Trillion

The news should have made banner headlines, but few paid attention as the U.S. national debt passed the $9 trillion mark this week. I suppose the lack of interest…