June 11, 2009

THERE IS NO CALIFORNIA:

California's day of reckoning: Its mega-deficit demands basic reform – not just fiscal accounting. (The Monitor's Editorial Board, June 10, 2009), CS Monitor)

California faces a mammoth $24 billion budget deficit and potential bankruptcy. As its governor somberly told legislators last week, "California's day of reckoning is here."

But will politicians interpret this fiscal judgment day strictly as a dollars and cents accounting? Or will they also grasp its larger message – that fundamental budgetary and political reform is needed in this "ungovernable" and "dysfunctional" state, to name two commonly used adjectives?


The fundamental that matters is reducing state sizes to about 10 million.

Posted by Orrin Judd at June 11, 2009 11:43 AM
blog comments powered by Disqus
« ALL WELL AND GOOD UNTIL YOU HIT THE TIPPING POINT: | Main | WHY MUST OUR PRESIDENT LIE ABOUT THE ENEMY AND WMD?: »