[William Tell]

Impeach the Boy said: "First, when the 6th largest economy in the world goes down, it will HURT this nation..."

I would like very much to hear details of the harm you envision. In the business world, when an unhealthy business goes bankrupt, it helps the remaining healthy ones. Why would the remaining 49 states not benefit greatly from seeing the consequences of such mismanagement? Why is it so unthinkable that a state of the Union become insolvent? I don't see it having a substantial impact on me. Why would it?

It is not the economy of Kalifornia that is going bankrupt, it is the government.

[Moby Grape]

Billy, if you REALLY believe that the US government (thus the taxpayers coast to coast) will not assist California with BILLIONS AND BILLIONS of dollars to bail them out, then I have some beach property in Arizonia with YOUR name on it....In fact, we would HAVE to help bail them out, as we HAD to bail out Chrysler some years ago because the ripple effects to the economy as a whole would have been drastic, and California is a hell of lot bigger than Chrysler....we also had to help bail out New York once....you are living in a dream world if you think that the Congress will sit back and say, "Tough, you idiots got yourselves into this, now we are going to just sit here while millions a laid off, companies go under, social services are halted, and millions are added to the welfare rolls.

[Kevin Curry]

In the business world, when an unhealthy business goes bankrupt, it helps the remaining healthy ones.

?

When a large, unhealthy business goes bankrupt, it almost always causes a host of otherwise healthy businesses to become unhealthy or go bankrupt. When a large business can't or doesn't pay its bills, interrelated businesses get caught in a cash crunch and are unable to pay their bills, and so on. The ripple effect causes damage far in excess of the damage suffered by the original bankrupt.