Abe Mishima

California's Default Is Certain

Sewn has to do with sewing, Sown is what you do with seed. I hate to nitpick, but let's get the high school spelling out of the way. If it take $20 billion to save California, then I vote to use TARP money. Float CA a loan at 1% interest, and demand the money back in 5 years. If the government and residents of CA can't pay the loan back, then the Feds can increase the Federal income tax rate for CA citizens and companies by whatever it takes, to retrieve the money. Simple and sweet. Only hitch: wealthy residents will vote with their feet, and move to a lower taxed state.