Yes, I remember Gray Davis better than I wish I did! I was just out gathering chestnuts with barely any light and a light bulb went off in my head thinking of setting up a resale operation in Nevada to avoid paying the deficits this crazy state has arranged to develop through irresponsible spending habits.
There is a possible benefit of this financial crisis. All of our foreign debt is in U.S. Dollars and if the dollar gets devalued enough we can pay those debts back for pennies on the dollar! Of course, we need to quit digging the hole before we can do that!