One wag likened the situation of California to that of Greece (wherein Germans suggested Greece sell off uninhabited islands):
Along the same lines, the USA must consider selling California to the Chinese. California has a $20billion annual debt and its citizens and government show no sign of being able to handle its affairs. The productive elements of California are leaving the state; the remainder expect to Obama to ride in and bail them out with his huge stash of imaginary cash borrowed from non-existent great-grand children. The situations of Greece and California have many similarities.