Is Bailing Out California Necessary to Preserve the Union?

I AM FULL OF CRAP!!

Are you kidding me? Let any state or any city print their own money? This is all because nobody can live within their means. Well then, Can I print my own form of currency?

LET THEM FAIL!

Hasn't Vermont issued some sort of delaration wanting it'sown independence? At least, I believe it was Vermont.

BUY GUNS, AMMO AND A LOT OF WATER.............. THE REVOLUTION IS NEAR!

This country can not survive the political and fiscal abuses brought on by the democrats. The Obama/Bush/Pelosi stimulus plan is failing like most objective analysts predicted. The democrats know nothing about economics. They only know politics and how to exploit ignorant people.

What a bogus way to finance a bad business. Until California learns that it cannot spend more than it actually takes in, it is a bad business. They cannot continue with all the programs and freebees that it hands out and they have to face it. Printing cash that is not backed by a a solid, marketable item is more smoke and mirrors. Lord help us! And the smart people don't see this?

legalize marijuana, That will get them out of debt, I believe it is already their #1 cash crop, they just don't collect the taxes on it

legalize marijuana, I believe it is already their #1 cash crop, they just don't collect any taxes on it ...yet

What a mess! They are going to have to hack and slash their political jobs or get a bail out from the feds. As hack and slash will move unemployment into the teens the feds are going to have to bail them out. This is an interesting point of view on the situation. CA is 8% of the world economy and it is in a depression, not all of the states are but CA definitely is. Deflation is going to tear them up. The Bluest of the Blue going down.

Make the bail out of California a public $25.00 bond yes or no question on their tax filing. That way every American can make the donation or bail out investment of their free will. They would in turn recieve a tax credit on their taxes of $50.00 spread out over the next five years.

THE ONLY REASON THE US GOVT. CAN PRINT AND CIRCULATE IS BECAUSE THE $$$ IS THE WORLD'S 'RESERVE CURRENCY'. IF CALIFORNIA IS ALLOWED TO (BASICALLY) ISSUE IT'S OWN CURRENCY, NO FOREIGN GOVERMENT WILL PURCHASE ANY US GOVT. DEBT. END OF STORY. END OF FREE RIDE. A LEVEL PLAYING FIELD. (HANG ONTO YOUR HAT'S. THE WORST IS IN FRONT OF US.)

Absolutely do not bail California out. They must live with the consequences of the laws they passed with their state borders. No bail out !

I am much more in favor of helping California, average Americans live their like all of us, than---pouring those billions into the stinking greedy stomuchs of those Wallstreet Financiers.

The scarey thing is that no one is addressing the root cause of California's problems, no in fed\state government anyway. Billions upon billions of dollars are received by people who should not be here. A recent washington post quote "we should not stop illegals who are not criminals" makes me laugh and cry at same time; what part of the word illegal do you suppose they do not understand.

Lots of poeple, complaining about Obama and the Democrats. Exactly what would the Republicans have done? McCain was going to completely Bail out Detroit and didn't have clue as to what else to do. Would have done far worse. Blame Bush and Paulson who already promised 6 TRIL outthe door with Bear Stearns, WAMU , FANNIE MAE, FREDDIE MAC, AIG, MERRILL, TARP etc etc. Too many to count. And guess who just had biggest profits ever? Goldman Sachs where Paulson was CEO before being made Head of US Treasury by BUSH. Just coincidence? BUSH and Paulson looted the Treasury and gave many of those bucks to GS and other cronies who are rich as ever. Bush and Pauslon were at the helm when US TITANIC hit the iceberg. Ship going down with hull ripped to shreds and they put Obama on the bridge and say we expect you to prevent the TITANIC from sinking. Well you fellows are just nuts and ont he fringe for a good reason. You can't take the blame for total REPUBLICAN bungling of the economy. Worst management in history. How about the rich people paying their fair share of taxes for a change. USA has lowest income taxes of all Western World countries. Point your fingers at Bush and Paulson. They robbed you blind!

The problem is the local governments and the taxes that the homeowners are no longer paying because of foreclosures. Until California and the Fed's deal with the housing crisis, all this talk is moot. Nothing will change when people are displaced and not paying taxes. Without jobs or property taxes there is no state taxes including employer taxes to the state for the employees. You can slash all you want but it will not catch up to what has happened in a short year to jobs and the housing market. California needs a serious turn around in home lending and infrastruture projects from the Fed's. If that occurs, maybe we can turn this around. Cutting will never solve the problem but only add to the umemployment numbers and foreclosures as more people loose their jobs.

No Bailout for California till they get rid of the Illegal Immigrants who are like parasites eating away the resources of this nation. No state can survive with the welfare programs that California has!!

Wall street needs the money - Let California die of its own accord. The problem is that California has not outsourced enough jobs. They need to eliminate all manufacturing and import CEOs. This will fix the problem real good. tax the rich

No bailout for California until we get rid of Prop 13 and the requirement for a super majority to create a budget and raise taxes. California's problems are our own. But they can be traced to several very bad policies. 1. Prop 13 has created a tax haven for the very rich and manipulative property owners. 2. The super majority requirement has prevented government from operating. 3. We have abandoned our traditional priorities for the education of our children. 4. We have spent money on projects that have few benefits - we do not need nor can we afford bike paths on every bridge in California. 5. We have allowed our fears to create unrealistic public policy - we need to revoke the three strike rule immediately, we need to release non-violent offenders from prison, we need to shorten sentences for non-violent offenders - in short we need to cut the expenditures on prisons by at least 50%. 6. We need to invest in infrastructure - California's roads, railroads and utilities are collapsing - we will never be able to revitalize the state without a proper infrastructure - South Korea with less people, less resources, less of everything now has a better infrastructure than California and a far more vibrant economy. 7. We need to fix certain government functions - such as Workers Comp which is stuck in a private insurance system that increases its costs by at least 50% - this can be fixed but it will take a concerted effort by people who understand the system - not a bunch of insurance wonks who are just looking to strip the state of more money.