California hasn’t crossed the Rubicon yet. When it does, we have a solution called the 1867-68 Reconstruction Act.
Reconstruction was, with all its flaws, effectively used to bring the South back into Union. I’m not about to debate the various warts and outright scandals surrounding Reconstruction because there were many.
Bailing out California financially is not on the table with the Reconstructions Act. It involves Californians themselves cleaning out the mess they made. The consequences Californians suffer will be of their own making, financially and psychologically.
It will be a while before a California economic disaster. The Trump economy is helping all 50 states and California recently passed both France and Brazil to become the world’s 6th largest economy as measured by Gross Domestic Product. Due to California’s voters approving a “Rainy Day Fund” the state now has $8 billion dollars socked away in budget surplus to use in the next economic down turn.