I'm sure I've posted this before, but I completely oppose the Feds bailing out spendthrift California cities, school districts, counties, and the State of California. Until the spendthrift "leaders" and those who voted for them experience the consequences of their moronicity a bail-out would just trigger another round of spendthrifting. If I hadn't moved out by then I'd experience the consequences too, but some realities aren't easily dodged.