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California simply needs to print it's own currency- payable only to those who hold state jobs, work in the public sector, or contract with the state. This "fifth" largest economy in the world (from Davis campaign) deserves no less.

Example: The current $99 Billion budget fails to include $30 Billion in deficit 'spending'. (would have been $120B budget). Bring on the Cal-buck.

Assuming the state prints the necessary 'cal-bucks' to cover this deficit, a cal-buck currently then, would be valued at about 83 cents (99B/120B). The loss to the recipient of 'cal-bucks' would be about 17 cents on the dollar.

At the gas pump it would look something like this: A typical tank full (say $25) would cost the 'cal-buck' holder $25 plus $4.25 = $29.25

Good money should never be thrown at bad. Likewise, good money shouldn't be used to uphold bad budgets. This form of 'insurance' would be of great concern to legislators at budget time when those who create a mess would be faced with a large voting bloc at election time.

Perfect accountability for a perfect storm.

"At the gas pump it would look something like this: A typical tank full (say $25) would cost the 'cal-buck' holder $25 plus $4.25 = $29.25"

Given the demographics of Kalifornia's government schools, consider that the cost of "cheap" labor for the richest grandees in Kalifornia. Call it a special illegal-alien tax so that the Spielbergian grandees can have cheaper nannies, so that contractors can have cheaper nonunion laborers, so that small factories can have cheaper workers even as the job market is glutted with downsized native-born ones.