TPM
California Senate candidate Carly Fiorina, a former Hewlett Packard executive, is under fire for suggesting bankruptcy should be a possibility for the cash-strapped state.
Fiorina's rivals jumped on comments she made to local business leaders in the Southern California city of Colton as quoted by the Riverside Press-Enterprise: "Whether that is the right approach now, I don't know. I think bankruptcy, as a possibility, at the very least focuses the mind on what has to be done to salvage a situation." They attacked her as unprepared since states under federal law cannot declare bankruptcy.
She told the Sacramento Bee that she understands that "technicality."
"Sure, I knew, but what cold comfort is that to all these California voters who may not know that technicality but who are sitting here knowing that by any common-sense definition, this state can't pay its bills," Fiorina told The Bee.
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