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The clock is ticking on California, which must slash its way out of a $21 billion deficit in order to stave off default (that is, if Uncle Sam doesn't extend the state a TARP bailout before then).
But Breakingviews actually proposes a much more radical solution, which is breaking California up into 4 distinct states (seriously). Think of it like good bank/bad bank, but for states.
Actually it's a little different. The idea is not that this will solve the state's financial problems, but that it will split it into four coherent political units, which would be:
* San Diego/Orange
While the problem is serious, the state's uber-democratic system is broken beyond repair. It's truly a failed state, in the classic political science sense of the term. If it were its own country, the US would be consulting with the UN and NATO about establishing a presence and supervising elections.
Originally posted by blujay
reply to post by ExPostFacto
I remember that. I was living in Southern Cal back then. Now I am in Northern Cal. I don't see what harm it could possibly do, and since there is a sort of quiet rivalry between NorCal and SoCal, I'm sure most of the state would agree.
But four states? Hmmm, interesting.