CALIFORNIA TO BECOME WHOLLY OWNED SUBSIDIARY OF U.S. INC.

This is just the beginning as the Progressives destroy states rights in a bid to consolidate all political power at the Federal level. California will get its money. After all, they are "too big to fail". With the money will come a total loss of sovereignty as state government become an outpost of Federal control. The Tenth Amendment will be erased as Obama completes the job begun by Abraham Lincoln.