It is warped that the special interest groups and unions prevent the legislature from cutting back $7 billion in CA. Arnold's been trying, but each time he tries to cut spending, the <fill in the blank> union portrays him as a monster.
We spend money on inefficient, wasteful government-run entitlement programs while completely ignoring CA's infrastructure.
CA should be going bankrupt in the next year. With housing values still needing to correct hard, here, there should be huge reductions on tax revenue for all its cities.
The only possible benefit, I have heard, is that illegal workers seem to not want to cross into California as much as before. Certainly, I've heard for the past 2 years that the flow of US dollars from CA to Mexico has virtually stopped. Mexico's 2nd largest source of outside revenue is from its citizens who live in CA who send back US dollars. (The only other greater source of income for mexico used to be its oil exports.)