The following are two slides from a presentation by California Director of Finance Michael Genest. You can find the full presentation here.

Think of the layoffs that will follow when these services as well as projects are discontinued. We are talking hundreds of thousands of jobs. The scary thing is this.... what starts in California usually comes to the rest of the country afterwards.

I personally feel that chaos and riots are on the horizion, sparked by Americans that can no longer feed their families. I would advice you to remember the 4 G's and the 4 B's:

Guns, Gold, Grits and God or you may prefer:

Bullets, Bullion, Beans and Bible.