Venezuela is #1, California is #8

Top Ten Most Likely To Default.

Socialism, Liberalism and just plain old stupidity are tops on the list for the reasons for default.
These guys both fit the profile.

Highest Default Probabilities

Entity Name	Mid Spread	CPD (%)
Venezuela	1037.87	50.48
Argentina	927.81	45.52
Greece	608.20	39.80
Pakistan	681.90	36.91
Ukraine	587.30	33.40
Dubai/Emirate of	440.15	26.16
Latvia, Republic of	340.12	20.96
California/State of	265.42	20.86
Sicily/Region of	263.40	20.38
Iraq	315.70	19.92

Hugo Chavez: "Comrade Obama! Fidel, careful or we are going to end up to his right." (Video)"

Hugo Chavez: "Comrade Obama! Fidel, careful or we are going to end up to his right." (Video)"

Hey, Obama has just nationalized nothing more and nothing less than General Motors. Comrade Obama! Fidel, careful or we are going to end up to his right," Chavez joked on a live television broadcast.

Venezuela's President Hugo Chavez said on Tuesday that he and Cuban ally Fidel Castro risk being more conservative than U.S. President Barack Obama as Washington prepares to take control of General Motors Corp.