[RS]

Yep- Worse case, state goes bankrupt and all the bad deals and union contracts Davis signed get legally tossed

... or is that the Best case ?

[nyconse]

Surely, you don't wish for California to go bankrupt? What about the people-just plain silly. We are talking about California-it has an economy bigger than most countries. If California goes belly up, it will have a terrible effect on the nation's economy.