Doubtful that they'd ever bail it out. If they haven't thrown a lifeline to CA yet, they won't throw any lifelines. There is PLENTY a state can do to avoid problems. RI, amongst others, has made radical changes to it's pension system to stay afloat.
There are certain things Uncle won't do. Bail out a state is one of them.
The truth is you're the weak. And I'm the tyranny of evil men. But I'm tryin', Ringo. I'm tryin' real hard to be the shepherd.