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tough times. the city council is expected to approve bankruptcy later on tonight. as you have said, this will be the largest city bankruptcy in the country, in the history of the u.s., in fact. the second major california city to go bust in just the last few years. alejo did it in 2008. the state is full of cities having financial crisis. santa anna, san jose, the list goes on and on. 20% of the cities in california could be facing bankruptcy by the end of this year. we have heard a lot, of course, about greece and the possible fallout from a greek default, but what about the u.s. states? what the state like california went belly up? it has us thinking about the size of california compare degrees. taken alone, california would be the 10th largest economy in the world. greece's is 41st. the christmas or product is --

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