Obama will bail out the CA welfare programs before anything ever gets cut. That is almost guaranteed.
Have no fear California, Boxer and Feinstein to the rescue.
These two will come in to save the day with Federal tax dollars.
Welfare, like taxes are here to stay.
We american taxpayers only have Hope but know no change will come.
And with a welfare bailout from the federal government, the strings attached will be that Obama will “mandate” that California expand its welfare rolls and sweeten the benefits.
If welfare is cut, the welfare voters will have to move elsewhere (or get real jobs). The Dem Party would never recover from that big a loss of voters.
With what? Chinese Yen?