Is the day of reckoning near?

Today, Arnold Schwarzenegger said that in January he will declare a "fiscal emergency" in the State of California.

It seems they just discovered the state is $14 Billion upside down yet their economy is roaring.

All this with their claiming only a few weeks back that state finances were looking good.

With Oregon's high unemployment, businesses dropping dead leaves and those who have survived unable to move goods on our roadways, can we be all that far behind?

Will this spell an end to Oregon's Free Spending on supports for Illegal Aliens and all the non-sense going on in the City of Portland and statewide in our schools?