Heading for the 11th chapter.

The reality is simple, California is broke with less money than pop corn factories. In other words, it is going down fast and we'll all become soon debtors in possession.

Chapter 11 is, for those in need, a chapter in the bakrupcity code that lets debtors remain in control of their business operations, opposing to the 7th chapter, which liquidates - sells - everything.

Well, it is true that the Chapter 11 itself is directed towards businesses and some individuals, but nothing that Mr. Exterminator can't fix [even if Obama doesn't agree].

One of the senior advisors to the president, David Axelrod, told the L.A. Times a few days ago that the reason why no extra funds will be given to California is because whatever they do for one state, "there will be other states who also will want to do that. And there's a limit to what the government can do." Reasonable since AIG follows Bank of America, which follows CitiGroup, which follows JPMorgan Chase, which creates a big train of happiness in the railroads of the United States. Raise taxes and decrease spending also seemed reasonable, but not for the anything-goes-community-of-California, which denied most of the propositions last week, leaving the Exterminator with a brave response, summarized as follows:

- Cut wellfare
- Cut health insurances for low-income families
- Cut cash grants for education
- Cuts in home-care benefits for the elderly, the disabled and people with special needs
- Borrow 5 billion
- Owe about 25 billion

Scarry numbers that might raise some revolts and coup d'etats against his majesty, as seen yesterday, May 22nd, when Members of the United Long-Term Care Workers union gathered outside the Ronald Reagan State Office Building in Los Angeles to protest against all the above cited cuts.

Living in California is funny, and the people doesn't seem to care too much about politics more than they care about their dogs and organic food, but I am just here to give my few readers the bad news, since we all like boring stuff. I am just not really sure wether Mr. Schwarzenegger needs a new pair of sharp scissors for the new cuts or a new machine gun for when his friends come back from the future looking for him. The Mexican estate is for sale. The smallest bids wil problably have better chances. And, most importantly, he'll be back.