Dan Weintraub reports that "A Sacramento Superior Court judge has shaken the state�s fiscal house of cards with a ruling blocking the sale of nearly $2 billion in bonds the state hoped to use to pay its obligation to the pension fund this year." Of course, Davis and company will appeal this and push the accounting further down the road, but I'm beginning to wonder why any Republican wants the job. It seems like a perfect way to let Davis off the hook.
The question should be seriously considered, whether anybody can succeed in turning California's finances around without declaring bankruptcy? If Arnold wins and can't balance the budget by December, you know what the Democrats will be saying. I agree that somebody has to try to save things, but what's the point, if it can't be done?
I'm supporting Arnold, because nobody in Utah, Oregon, Idaho, Colorado, Nevada or Montana really wants a huge influx of people moving in from California. I think Utah would be pretty low on the list, as Wyoming and Nevada would be, because most of the land belongs to the government and none of them really has the water available to provide for such growth.
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