Of course, when Californication goes bankrupt, they politicians will turn to Wash-DC and cry. The repubs will refuse, then the MSM will clobber the airwaves with starving children and pushing granny off the cliff, then the repubs will balk and (sigh)...
This is exactly why I was glad to see the emergency manager in Detroit. Its the best of a lot of bad options.
Its our problem and we aren’t dumping it on others.
When California defaults on its debt, Conservatives should insist upon reverting California to the status of a territory and let conservatives foreclose to obtain title and possession of California.