Democrats have been forced to cut spending. There is NO money. Why don’t the eliminate the new CA Air Resources Board? Too many bloated state agencies.
Clearly the only way for California to stave off bankruptcy is to plead ‘too big to fail’ to the Federal Reserve and persuade the central bank to buy California bonds. Those flat-earthers in the House will make a stink about the administration sending Obamabucks to Sacramento but the Fed can just slip it onto the balance sheet. Just leave enough for Illinois and New York.