An Arnold bailout may seem like a good idea, because it could prevent states from exacerbating...

|By:, SA News Editor

An Arnold bailout may seem like a good idea, because it could prevent states from exacerbating the recession by laying off workers, CalculatedRisk says. "Unfortunately many states (like California) have structural fiscal problems and were running budget deficits even during the housing boom. These states still need to fix their fiscal problems."