1)California will demand that it be rescued by the government to prevent it from turning into a zone or anarchy,or a disgrace to America, and to prevent a world-wide financial panic.
2) The United States treasury will be authorized to make a direct loan to the state so that interest payments can be resumed. This will done with money created out of thin air by the Fed.This money will be taken from the taxpayer through the loss of purchasing power.
3) There will be austerity programs for California, and a systematic repayment schedule,but none of these will be honored.
4)And California will continue to be a welfare/libtard utopia.
Your post is spot on.
Throughout my lifetime, California was always a leader in cultural trends.
Hot rods, music, films, space program, education, etc.
That’s still the case, but the trends are all negative now.
Illegals, high taxes, breakdown of the Judeo-Christian culture, welfare, etc.
But they are still an excellent predictor of what the rest of the US will see eventually.