Californians, please redo your constitution rather than just take a bailout. CA's system has the Reaganesque fantasy revenue side, lead by prop 13 combined with the fantasy budgetary quotas on the spending side. Add to it non-competitive races, too short of term limits, and super majorities to pass budgets yet simple majorities for referenda to radically change finances, plus a recession and you get this ungovernable-multibillion-dollar-deficit mess of a state. I say time for a constitutional convention to change the all of aforemented parts of the structure that caused this disaster.