If Cal collapses, so much is going with it and the DS won't be able to print enough to stop it. The 6th largest economy has been proven to be a lie if you looked at the actual numbers and reality (it relies heavily/exclusively on venture capitalism and traders).
One of the narratives/implications is LA and SF work together, this is false. SF works with Sacramento and all politicians from SF have the utmost disdain for LA. All you need to do is look at how Newscum and Harris are reacting this week.
And the way voters keep voting for bonds, they genuinely don't realize they are bankrupting the state. If there's a problem, they just roll it into the next bond measure. The voters think bonds are the same as US Savings Bonds and not a horrible loan. They've been rolling bond payments into new bonds for 2 decades now.
Ironically, CA seems to have the upper hand. They can default and the implications/domino effects could be so severe the US Govt has no other choice but to backstop it before it defaults.
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