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Schwarzenegger Seeks Rule Changes on Mandates and Social Programs To Ease $21 Billion Budget Gap 
Mish's Global Economic Trend Analysis | by Michael Shedlock(noreply@blogger.com) | Thu, Dec 24
Mish's Global Economic Trend Analysis is the #1 Blogger for US Economic Bailout of 2008
California is in a mess because in practice "nothing" is on the table. Democrats do not want to cut services. Nor do Democrats want to address unions, pension problems, or illegal immigration.
Meanwhile Republicans do not want to raise taxes and I certainly cannot blame them on that score.
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