The State of California (and many other states including the one where I reside, Illinois, $9.3 billion deficit) can learn alot from well managed corporations but yet they never do!! The only things they know how to do successfully is exceed an unlimited budget!! Spend spend spend. No need to save for a rainly day when you can raise taxes.
Like yourself, thats all I do, as well. Invest in industry leaders with minimal financial risk.