Author: Mark Paul

The road to budget hell

California has spent many years in budget hell. Deficit has followed deficit, alarm has followed alarm. The temptation is strong to greet this year’s news of the budget crisis with a shrug of the shoulders and a yawn: What else is new? But this year looks different. The two-year budget gap is over $28 billion, the state has piled up debts of more than $85 billion, the gimmicks have been used up, and Washington is turning its back on the fiscal plight of the states. California, a victim of the bizarre and radical governing system it has imposed upon itself, piece by piece, over a century, has seemingly reached a moment of reckoning. It will not get out of budget hell until it makes itself governable.

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