I look for stealth tax increases which will continue the downward spiral.
I am thinking a federal bailout will be floated. California can’t print money, but Obama and the Fed certainly can.
Of course, this bailout will be under the guise of “Too Big To Fail” and doing it “For the Children.”
Some won't be so stealthy. Repeal of Proposition 13, which limits residential property tax increases, is now in their sights. It really galls liberals that they can't increase property taxes to the point that retirees are forced out of their paid-for homes.