The Cal Bull Whip:
The number one scary for the public sector econs, California going bankrupt is a disaster.
California no longer gets back to normal. Brad calls it hysteresis, it is California taking the plunge. Reagan saw it, it was Bernanke's terror, why the Californians over ran the Swamp with Biden as leader.
Jerry Brown did some minor repairs, but absent Jerry, the Bull Whip is now a 9.0 Earthquake, now collapsing as we speak. A Black Hole sucking the life out of the Northwest USA. A fate so horrible we might see the second coming.
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