If California Goes Broke, Will American Taxpayers Pick Up The Tab?

Let California drown in its liberal policy sewage. Let the rest of the states who want to have the same policies take notice that this is where they are headed. Do not bail them out Let them and their lifestyles go down the tubes. and good riddence!!

lets see... the republicans deregulate the financial industry, spend like there is no tomorrow, revise bankruptcy laws to screw citizens and hand over $700 billion to the banksters. the democrats create bigger government, bail out everyone, try to socialize all industry, tax (or fees) everyone and everything, are just as corrupt as the republicans, vote for their pay raise while we are in recession. I think they make on average around $150,000/year. The new gilded class in this country....... our beloved elected officials 1. Great pay 2. Great benefits 3. Job security 4. Unbelievable retirements And the best part is it is all payed for by us! It is time for a new revolution in this country, F**K these BAST**DS!

I know - how about CA keep the taxes that we pay the Feds. Then they wouldn't have to give us back our own money to bail us out.

In case anyone is wondering... California should take a lesson from Texas. Currently, Texas has a 10.7 BILLION SURPLUS for the state BUDGET!! Say what you want... but the big difference seems to be all those Green people in California. Save the planet or save your state.... obviously they cannot do both!! A 42 Billion deficite versus a 10.7 Billion SURPLUS ... calculator not necessary. California has lots of oil just off the shore... green clubs prevent the drilling... solve the problem on your own California... we don't need to support your overspending!! Control it or don't... but don't ask us to bail you out as well... this is YOUR problem ... NOT OUR EMERGENCY... we DON'T want it. Wake up... not all of you are spoiled brat celebraties! Where is their money to pay down that debt? All I hear from them currently about this is SILENCE... isn't it deafining? Texas HAS a SURPLUS... It is NOT YOURS! You did not create it... please don't ask us for it to save YOUR butt! Make some hard decisions and stay within YOUR means. Else, look for ways to create the additional funds that you REQUIRE such as DRILLING... kinda like Texas does. But do something... just don't put your hand out; you have not solved ANY problem and are not DOING anything about it either, except ask us (the rest of the US) to bail YOU out! Teach the people in California to Fish.... don't just hand them a fish.

Correction, "I saw" not "I've saw".

I laugh at this state and the people in it to be honest. Case in point: What kind of dream are you living in when you think it's a "fair deal" to buy a dump of a home for $500,000 or more? I've saw the dumps that some of these shows on tv display when people were "flipping" homes just a short while ago. When I watched them at the time (and now during reruns) I couldn't believe how much people were willing to pay for a rundown shack, built in the 60s, with no yard, a nasty looking neighborhood, and absolutely no square footage in the home itself. The biggest joke out there and throughout this country as a whole is the mystical "cost of living" that is applied to certain locations in this country. Isn't funny how the areas getting crushed right now due to housing (New York, California, Florida) were not so long ago simply assigned the tag "higher cost of living" to justify simply absurd costs of "shacks." Meanwhile, homes in Nebraska and North Dakota (for example) didn't see nearly the insanity in home price increases and look, they aren't asking for the federal government to come and save their fairy tale lifestyles. I think it's high time California faces a reality check. Shocker, I know, but a trailer in Malibu is still a trailer...at no time should you have ever paid $1 million for it!

http://www.taxfoundation.org/research/show/22685.html CALIFORNIA Federal taxes vs Federal dollas back (in millions) 2005 289,627 vs 242,023 NET -47,604 Hmm that number is really close to the CA state shortfall of 48 billion

@native Virginia -I like your plan a lot. Cutting CA from the union would be a great plan to balance our books. As the state sends more to the fed in taxes than it receives back in funding, the end of this outflow would just about do it, or at least get us closer. The US doesn't need california, it's universities, it's research labs, it's massive ports in longbeach and oakland, et al. you sir or madam win the prize!

California is the victim of its own unnecessary regulatory schemes which they have been trying to export to the rest of the country. They have been major contributors to breaking the auto industry and now they are trying to break the rest of the country. They deserve less consideration than the auto industry for a bailout. Let them declare bankruptcy and restucture their state.

I say not a penny until the remove Proposition 13 and redistribute the property taxes fairly.

I think Calafornia doesnt know what desperation is!!Their just going to cry to the Federal Government and they will give them the money. Theres too many rich people in CA and their crying for help!!They need to look themselves in the mirror!!

California should declare bankruptcy and do a reset on their spending. Good grief, have some character and show some self control. Unbelieveably irresponsible! BTW, all of those State employees are contributing to global warming.

Just cut Cali loose from the union. They'll never listen or learn from there mistakes. Their accounting princples from the last decade have proved that. Cali proves that big government and socialism doesn't work. Cut the government programs and worthless spending and get back to the basics people! And don't expect a bail out from the US. If the US were to bail out Cali, then I think it would be time to elect some new faces into office.

I don't know where the figures for the California Department of Corrections (and Rehabilitation) came from, but they employee over 57,000 employees and is the largest state agency. This includes over 32,000 sworn officers and 25,000 non-sworn. I think some facts need to be reviewed.

What a silly headline. Of course we will bail them out, thats what libs do. Spend too much, demand more, spend that, demand more. Endless.

Let all the over paid celebs of CA paid for CA problems. They live there & have the all the money.

Come on now do all of you really think that Nancy Pelosi, Fiengold, and the rest of the California Mafia in congress will let the state go under. There will be the usual crying and whining that if the state goes under the entire country will be effected. YEA RIGHT! This is not the first state that has been in this shape, The great state of Conn, home to Senator Dodd and Joe Lieberman, it went belly up a few years back. Massachucetts, Maryland, Maine, Michigan, and the list goes on of Liberal controlled states that are either one whisper away from bankrupcy or already in the tank and dosen't realize it yet. With all of this maybe the electorate will finally stant up and say enough is enough and vote the idiots out of office and bring in some new blood.

Who cares about California losing it. It is becoming a socialist state with tons of government programs. Here in neighboring Nevada we have learned to control our expenditures. Let California go bankrupt and restructure like the auto companies.

Maybe China could buy California. You can see it probably if you get high enough.

Bailout California on one condition: They lose their right to vote in all presidential elections until the bill is paid, as they would then be servants of the rest of the country.

We will not only bail out California, but increase their government ten fold. Now that unemployment has gone up they need more prisons, state troopers on every corner, national guard troops and federal government will increase to contain and control the masses. The Department of Health will be in charge of swat teams raiding Christian Food Pantries that operate without the control of government officers. Everyone who does not work, perform, or function, as the government machine demands with go to Prisons for debtors, Such a penal building boom could go on for quite some time, given the record debt levels of U.S. households. Oh ya, they are already being built.

Not one dime for CA. The coming earthquake will likely solve the problem.

See what happens when you have tax and spend folks leading the way. Their answer to the problem was to change a simple word tax to fee. Their lack of imagination makes me wanna throw up. We need Sen Croker to come and give CA a plan cause clearly our leaders don't have a clue.

Im so sick of all these people and their greed but that aside. Why dont these over paid high priced celebs that all live in California lend a hand.

Economic Madness...With the financial collapse this close they are still playing politics...California please don't expect the US taxpayers to bail you out. Is this a snapshot of the whole country failing to deal with illegal immigration? Out of control pensions and health care? Fraud & waste? Here's an idea: Cut the budget to match the income by eliminating all agencies and departments not essential for survival, Mandate the remaining departments re-structure so as to live within their income.