At this point, I think some states NEED to fail. That’s the point of the federal system, or it should be. Wise policies bring prosperity to wisely-run states. Foolish policies bring utter failure to foolishly led states.
If the feds don’t bail out California, expect to see the mayor of Los Angeles inviting the People’s Liberation Army in to keep order in the streets.
This is just another example of Liberals preference for equality of outcomes over equality of opportunity.
Much can be learned from failure, as I can attest to in my own life. The best lessons are usually the hard ones. Watching a fool can often help us avoid being a fool.