California would stand to benefit by more than $21 billion if a state bailout package is approved as expected by the Feds. Quick math show that this is about half of what out state’s budget deficit will be over a 17 month period. This blog author questions the effect upon 1. value of the US dollar with such a deployment of cash to the 50 states and; 2. the impact upon spending control we’ve been trying to impose on a spend-happy Legislature?
Click here for the Sac Bee article on the issue. Below is the breakdown ..