SC Governor: Don't Bail Out California

I can't say I disagree with him:

South Carolina Governor Sanford: Community bankers tell me that they are now at a competitive disadvantage for being careful about who to lend to, because others that were less disciplined will get a federal bailout. This is also true for states. Those that have been fiscally responsible will pay for or lose out to the big spenders. California increased spending 95% over the past 10 years (federal spending went up 71% over the same period). To bail out California now seems unfair to fiscally prudent states.

The problem with all of these bailouts, whether it be financial institutions, municipalities or automakers, we're rewarding poor business practices and bad behavior while punishing those who were prudent and careful. Why should taxpayers in South Carolina bail out the idiots in Sacramento who have spent us into financial crisis?