Comment Re:Nothing important. (Score 1) 203
These two are nothing alike, unless you think the whole of the developed world can be judged solely by the condition of the central governments. Besides, California's debt-to-GDP ratio is only about 20% - Greece's is 175%.
Sure, there are some differences between the two. The big one is that California hasn't yet destroyed its big sectors, high tech and agriculture. I give the state ten years to do both of those in. Maybe they'll whack Hollywood while they're at it, but I think that's a bit more resistant to bad governance.