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What happens when California declares bankruptcy?

We all know California has 30-40 days left before it declares bankruptcy. It makes up a larger percentage of GDP to the United States then Greece does to the EU. Liberals: Do you realize your currency is about to be worth nothing? Or does spending 60% more then the United States earns in tax revenue on no roads and no jobs that produce anything always seem like a good idea?

Asked By: - 2/22/2010
Best Answer - Chosen by Asker
Lighten up, Francis. Our currency is fine. In fact, it's gained strength against others the past couple of months. CA will make it also.
Answered By: Crown Royal - 2/22/2010
Additional Answers (15)
Hahaha americans. Say bye bye to Kalifornia. Your country is falling apart! Muahahaha.
Answered By: :) - 2/22/2010
 
The Republicans voted NO on the stimulus bill... More
Answered By: Lois Griffin - 2/22/2010
 
Illinois is next
Answered By: tuisson - 2/22/2010
 
What are you talking about the Governer of California is a Republican. It was a Republican Governer who ran California's economy into the ground.
Answered By: True Patriot - 2/22/2010
 
The Second Gold Rush? Except this time, land is gold. My family is bailing out of the state, where they have resided since the late 1950's. Even my native younger relatives. Can't afford, or don't want to pay the taxes
Answered By: ÂŅŦĬ ĂĈǾŖŇ - 2/22/2010
 
When? they are already paying their state workers with IOU's. I vote they get off their hindends, gather up the illegals and deport their butts. They can't afford to pay for illegals healthcare (are you hearing this AMERCIA) or their education. That would take a serious load off of them
Answered By: Vickilynn - 2/22/2010
 
They will just bail out California with money they don't have. Liberals don't care if the dollar becomes worthless. Why else would they just keep printing more and more money while incurring more and more debt.
Answered By: cargopilot - 2/22/2010
 
This place already looks like a third world banana republic. Rumor has it that the former rulers are going to be jailed and then executed by the new ones.
Answered By: O'Ryan - 2/22/2010
 
Just the beginning jack, you might as well get used to it. I think other states will have to follow, just a matter of time. I also think they will be predominantly Democrat states.
Answered By: rsc3033 - 2/22/2010
 
Youll be back
Answered By: ♪Bush on the webs♪ - 2/22/2010
 
Hollywood will make a movie about it but then nobody will be able to afford to go and watch it... More
Answered By: ou812 the hate returns pt 5 - 2/22/2010
 
Unfortunately: if the state slides into the ocean, the results would be about the same. 33 million people,s lives destroyed...not by earthquake, but by corrupt Democrats spending like drunken sailors for 30 years!...and no one able to stop them...not even the Terminator... More
Answered By: Bill O - 2/22/2010
 
Arnold's idea for State revenue was to further tax the casino/gaming industry. This of course led to more broken families ... bankcrupcy ... rehab etc... More
Answered By: blu - 2/22/2010
 
Bad stuff man!
Answered By: Denial - 2/22/2010
 
What you miss is this - just because you declare bankruptcy it does not mean that your GDP stops... More
Answered By: Texan~to_the-Max - 2/22/2010
 
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