California the model: Groundbreaking green policies help give the state a net worth of negative $127.2 billion?

Capitol Alert: State auditor: California's net worth at negative $127.2 billion

Were California's state government a business, it would be a candidate for insolvency with a negative net worth of $127.2 billion, according to an annual financial report issued by State Auditor Elaine Howle and the Bureau of State Audits.

Flashback:  Palin to Arnold: How’s that green economy working for California, pal? « Hot Air

Why is Governor Schwarzenegger pushing for the same sorts of policies in Copenhagen that have helped drive his state into record deficits and unemployment?