[Mariner]

“This will be a lesson in what to look for regarding California and the U.S.”

CA will be the very last to fail.

While there are no words left to describe the fiscal largess and radical irresponsibility in CA, they are still wallowing in money.

Incredible sums of money that could be taxed, at will, by the uniparty legislature.

Truly fabulous wealth.

[morphing libertarian]

Cal has enough money to spend 18-22 billion a year on services to illegals. The real bomb that will go off is public employee pensions, because Brown and his two predecessors ignored it, in fact, Davis contributed to it by increasing the formula raising pension payouts.

[vette6387]

You are substantially overstating California's fiscal condition: "On the basis of its fiscal solvency in five separate categories, California ranks 43rd among the US states for its fiscal health. California’s performance across several categories is weak. The state has between 75 percent and 154 percent of the cash needed to cover short-term obligations; this is far lower than the average in the states. California’s budgetary solvency is much stronger. Revenues exceed spending by 6 percent, and net position improved by $403 per capita. On a long-run basis, California’s net asset ratio of −0.62 indicates the state is reliant on debt to finance its operations. Long-term liabilities are 93 percent of total assets. On a guaranteed-to-be-paid basis, unfunded pension obligations and OPEB are 48 percent of state personal income." XXXXXXXXXXXXXX The difference today between CA and IL is the fact that CA's economy is twice as healthy as IL's percentage-wise. If CA's economy goes South, CA will go broke in short order. I live in CA and I can tell you that our government is turning over rocks everywhere trying to "enhance" revenues. But it won't work because they've sold out to the PE unions and so needed haircuts will never occur.