Meg Whitman and her newest backer, John McCain, enter the Situation Room with John King and take up the issue of California's fiscal mess.
Transcript highlight:
JOHN KING: .... if you were governor, Meg Whitman, do you foresee any circumstances where you might have to come to Washington and say, we're the most populist state, we're essentially the world's 12th largest economy, we need help from Washington in the short-term?
MEG WHITMAN: No. And I think it's exactly the wrong thing for California. We have to put our fiscal house in order. And in many ways, the vote of last week is a forcing function for the legislature, the governor and the people of California to put in place a government we can afford.
And while it's tempting to think about asking the federal government to bail out California, it's the wrong thing, because we can't kick the can down the road to another year, another generation. We've got to solve our problems now.
And, by the way, I think it's a pretty bad precedent, because if California has their hand out, there's, you know, 30 or 40 other states that, while they are not as big as California, they face similar challenges. And I think there's only so much the government can do.
Full transcript here.
