The trick is, like skierinvermont says, is that OK, drought in CA has been bad historically. In fact, paleoclimate indicates it may have been much worse.In fact as is sorta a cliche by now, we had the great misfortune from a planning perspective to have allocated the Colorado's water after a decade of flow measurements done during an abnormally wet decade.
And CA has 38 million people and a rather large economy locked in a precarious relationship with water already.
As the CA water blog points out, historically bad drought in CA has spurred policy change and infrastructure development:
http://californiawaterblog.com/2014/01/21/california-droughts-precipitate-innovation/
After a century of this and multibillions of private, muni, county, State, and Federal dollars getting spent on water and fire we're starting to hit limits of what can be done with surface & groundwater. Even absent climate change.
Again, as skier says, the best guess on what AGW means for CA is notably drier and hotter. So when we get events like the current drought, CA elected officials need to be hammering home for the electorate that as we do policymaking, economic development, land use, individual habit, and so on in the current drought we need to spend one dang minute thinking 30 or 40 years out at the prospect of more people, combined with more (and more) diverse commitments of water, and less water to go around.
That conversation has got to be pessimistic about climate impacts for CA and aggressive about being conservative -- because if it turns out that Mike Mann and James Hansen are frauds and charlatans or just plain wrong or whatever and water availability remains much as it is, fine. CA can go back to building tickytacky semirural ranch houses in seismically active burn zones and accept those risks that we're already used to and eventually it will no longer be feasible costwise to waste water on stupid crap and we'll stop that kind of expansion.
If they're right, then you got millions of people and billions of dollars of investment sunk into economic activity and infrastructure that is no longer tenable and suddenly its people getting displaced and industry shutting down. If they're right,
... 30, 40 years from now boy will our faces be red.