I pray that not one cent goes to state or local budgets in the form of operating expenses. Every cent should go toward infrastructure. If California gets a bailout on its 42 billion deficit this year, I'm going to be fucking pissed. They MUST LEARN TO BALANCE THE BUDGET, and that you can't borrow in perpetuity. I kinda wish muni bonds would lose their tax exempt status and the Fed start hiking rates ASAP.