And yes, I do believe that is the current technical term. California can't pay it's bills, is paying to stop projects that will cost as much to start back up and Republicans are still obstructing the budget.
With California facing a staggering budget deficit of $41 billion, the New York Times notes Gov. Arnold Schwarzenegger's (R) budget woes far outweigh those of his predecessor, Gray David (D), "whom he drummed from office in a 2003 recall that stemmed from the state's fiscal problems at the time."
In fact, with "its lawmakers intransigent and its governor apparently free of allies or influence," the state "appears headed off the fiscal rails."
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