Well I don't think CA is going to milk any money out of Obama, he's slamming the check book shut.........
That's it?
I'm surprised California has a state government. Why doesn't the Federal Government step in and help them straighten out there government and their books, and then release them with no debt, and a neat and balanced budget?
Of course that'd require cutting a lot of pork, so it wouldn't work. California would remain a Federal Property for the rest of eternity...
Maybe California will try seceding, I'm sure if they were able to keep all the taxes remitted to the IRS they'd be able to balance their budget. Of course in 20 years (I'm being generous) they'd probably be right back in the same position, having not been forced to learn their lesson, because they got a sudden windfall of money that allowed them to continue to act stupidly.
Well, there's always bankruptcy, maybe their creditors will force liquidation of some massive amounts of the California Bureaucracy...