John Fedak, a recently ex-Californian, linked to this post:
Welcome to California, Home of the Highest Taxes in the Nation
Having just travelled there, I can confirm that California is insanely expensive compared with next door Nevada.
California is home to Google, Hollywood and dozens of the other biggest industries in the world.
Yet California is broke.
Republican Arnold has not been able to fix CA.
When traveling there last week a thought struck. Is Obama going to bankrupt the USA like California?
He’s trying to fix everything at once. Is that the best course?
Perhaps he should change one thing at a time in priority order.
Rick McCharles 
And this would be why Cali is considering the legalization of marijuana. Some validity to this option I feel. I hope they consider it maturely.