[bert]

By comparison, where do California and Illinois stand?

Which is in more dire condition, France of California?

Illinois or Belgium?

[Texas Fossil]

Like it or not, the U.S. is shackled by California and Illinois. One nation.

At some point the situation in Illinois and California will reach a point of collapse. Will the Fed step in and pick up the pieces? That is to be seen, but I expect that they will.

What about when Obozo is no longer at 1600 Penn. Ave.? Another good question.

[newzjunkey]

California's debt to GDP ratio is extremely low. With a nearly 2 trillion dollar GDP, the budget deficit is 26 billion for 2008-2009...

CA debt is $377 billion for a debt to GDP ratio of 19.25%. That's $10K per Californian.

CA debt clock