If the "govenator" Makes the Cuts California Could Melt Down Like Greece

Schwarzenegger Preps ‘Terrible Cuts’ to Close Deficit

quote:

Schwarzenegger’s newest plan will revise the proposals introduced in January to account for the tax-collection shortages. In January, the governor said California may have to eliminate entire welfare programs, including the main one that provides cash and job assistance to families below the poverty line, without an influx of cash from the federal government.

I discussed this in an earlier commentaries here and here as well as here.