[BurbankKarl]

I really do think the State will head into bankruptcy this summer. Arnold was on the new Dennis Miller show last night on CNBC (9pm), and he seemed optimistic, but the dummycrats are going to take the state down with them.

[pogo101]

I really do think the State will head into bankruptcy this summer

Depends on what you mean. If you mean it will become insolvent -- unable to pay its currently-becoming-due expenses -- then that's one thing. If you mean that, in addition, the state will "file for bankruptcy," all I can say is: states are not among the permitted Debtors listed in bankruptcy law. (Subdivisions of states that have the capacity to sue or be sued CAN file for bankruptcy, as Orange County did back in '94. But not the state itself, apparently.)