The Californicators should take responsility for spending themselves into virtual bankruptcy; that is, waging draconian taxes to prop up a failed Collectivist society. Instead, taxpayers in Texas and elsewhere will be coereced into subsidizing their failures. It will be called a bail-out.
"No one should think for a moment that such a loan guarantee will not remove the last vestiges of constitutionally prescribed states’ rights from California, or any state which needs such a rescue from its financial fiasco. With bayonet and printing press, the federal monolith just continues to grow and concentrate power in DC."