Chamath Palihapitiya

Well, because I'll tell you why.

Because we still have plenty of conservatives in the rest of the country.

California is screwed.

But we got to start stacking sandbags around the rest of the states.

Freeberg, you said something that I really liked in your post, which is it begs the question, what will happen when California goes BK and then they go to the feds?

And it doesn't actually matter who is in charge at that time.

But let's think about it if Trump were in charge for a second.

California knocks and says, hey, I need you to bail us out.

The deal that California would need to do with the president for that to even be palatable so that he could build a coalition of Republicans around it, man, California will go through tremendous pain.

So she says, I got to do this.

And then when it goes to Congress, how does this actually happen?

This is again where I think Sachs is right.

As long as there is a 49-51 kind of a balance

I don't think anything can really happen without meaningfully deep austerity in California.

I think there's a way out for- Now, if the filibuster's gone by that time, and it's simple majority, and then if there's a Democrat in the Oval plus a Democratic Congress, David, you're right, because that is the one shot on goal that they have a two-year window to run that play at the federal level, and they will be able to get it done.

Dude, Alaska has a surplus.

Alaska has a surplus.

Yeah, but why should we bail out California?

Just some interesting stats here.

So California collects roughly double per capita what Texas and Florida do.