Can California get a $30 billion loan?

California’s government faces a far larger deficit next year than lawmakers expected. In a report out today the state’s legislative analyst predicts that the budget shortfall will grow to $25 billion.
California’s state government entered this fiscal year $6 billion in the red.
Add to that a $19 billion gap between how much the state plans to spend and how much revenue it hopes to collect and you get a projected $25 billion deficit.

First link from Google.  If the curve stays elevated,California is going to get lousy rates, remember the crisis last year when California was paying Greek rates? Remember when Greece was the name of a country, not an economic pathology?

The way the bankruptcy crisis works is that there comes a time, real quick, where no combination of rates and lenders make a balance.