re: California to quadruple movie tax credits to $400 million/year

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California is not "bankrupt".

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32 States Now Officially Bankrupt: $37.8 Billion Borrowed From Treasury To Fund Unemployment; CA, MI, NY Worst

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The full list of America's 32 insolvent states is below, sorted in order of bankruptedness. California $6,900 Michigan 3,900 New York 3,200 Penn. 3,000

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That means $6.9 billion borrowed

I know they aren't closing shop or anything, but states take money from the feds to keep afloat. In this example, 2010, Cali was the worst.

So yes, I was talking in generality.