[oceanview]

that is the worst possible outcome. Let the state implode, get all the bad media coverage and financial panic, then step in an pay their bills? And what does Bush tell all the taxpayers in the other states he needs to win about why their money was used to bail out CA?

It is much easier to let the residents of CA pay to bail themselves out, avoid default and the political fallout. Raise taxes on these people!

[John Lenin]

And what does Bush tell all the taxpayers in the other states he needs to win about why their money was used to bail out CA?

Raising taxes will create a bigger problem down the line by putting off what really needs to done and thats cut spending. How many companies will leave the state when they see their tax bill ? Nevada, no state tax.