Poor California: No money and no leadership

In the new movie "2012," whose video trailers were bombarding television airwaves last week, the world as we know it gives way three years hence under a siege of floods, eruptions, undulating continents and earthquakes. In other words, it's not much different from what is happening in California, fiscally speaking, except that the state will be lucky to hang on that long.

By Cathleen Decker

November 22, 2009