This reminder from Vox.
I would not be surprised if the eventual bankruptcies of California and Illinois become one of the more important issues of the 2012 election. If the bipartisan Republican-led bank bailouts were enough to inspire the Tea Party, who can imagine what effect a bipartisan, Democrat-led state bailout will have on the electorate? Rick Santelli asked us if we wanted to pay for our neighbor's mortgages, but most Americans would much rather do that than pay for California's teachers unions, prison guards, and imported Mexicans.
I expect that Ryan, Sensenbrenner, and Johnson know about that probability.
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