We could be confronted with severe currency adjustments imposed on us by global bond markets. This could spark serious fear that would make recent events in Europe and Greece look like someone a quarter short on their venti latte.
As she shatters all spending records in her attempt to defeat Jerry Brown, billionaire Republican Meg Whitman has a role model in mind. He's her campaign chairman. And, as fate would have it, he is responsible for California's structural budget deficit.