[FairOpinion]

If Buffett in effect loans money toCA, that will buy CA TIME, to make adjustment and maybe solve the problems without tax increases.

If you are going broke, there are certain fixed expenses you have and your choice is either to generate revenue now, as in raising taxes, or borrow money, which will give you some breathing room to figure out and implement the best measures.

[EGPWS]

If you are going broke, there are certain fixed expenses you have and your choice is either to generate revenue now, as in raising taxes, or borrow money, which will give you some breathing room to figure out and implement the best measures.

That sounds like a family considering applying for another credit card to alleviate their credit woe's.

Don't you think by now that it is time for California to seek a well known credit advisor to put them back on track so to bring them back to financial stability?