In just a few weeks time, California hits the wall. And Americans should take a good, long look at the fiscal and social wreck of the Golden Land, because California is at a place to which all of America is heading. In May, when five fund-raising proposals were put on the ballot, Gov. Schwarzenegger pleaded with the overtaxed Californians not to make their state “the poster child for dysfunction.” As The Economist writes, “On May 18th, they did exactly that.” Arnold went to the White House for U.S. loan guarantees for new state bonds. But with the president’s approval rating wilting because of a belief he is spending too much, the Obama-ites slammed the door.