The California economy is on the edge of crashing now.
$20-25 billion budget shortfall.
The Legislature is making NO attempt to fix it.
California bond rating is last in the nation among 50 states, even lower than Louisiana.
State income tax revenue is plunging.
The Calfornia economy could easily crash in the next four years. If there comes a day there is no cash to pay the bills and California has to default or beg creditors to accept less or to hold off on payment, that is a crash.
It’s crashed and burning already.