When California goes bankrupt, the Golden State's woes will be nationalized and shared with the nation at large: the feckless must have their irresponsibility rewarded and the prudent get stuck with the tab. Passing Sacramento's buck to Washington accelerates the centralizing pull in American politics and eventually eliminates any advantage to voting with your feet. It will be as if California and New York have burst their bodices like two corpulent gin-soaked trollops and rolled over the fruited plain to rub bellies at the Mississippi. If you're underneath, it's not going to be fun.