Tag California budget crisis

The California legislature yet again has failed to pass a balanced budget, which means the state may issue IOUs starting next week. Is there any chance they could, y’know, all act in unison as adults, putting the state before their…

It could happen. California has $5.7-billion in debt obligations. And while that will grow, debt occupies pride of place in California’s constitution — only education must be paid off before the next slug of cash goes to creditors. Get that?…

Grab some popcorn and watch the madness as the state stops paying its bills and politicians continue to do nothing except blame each other. Is this Latvia yet? Oh, wait. Maybe I should stop being snarky. I live in California.

The California Progress Report and Rough and Tumble have continuing coverage of the continuing California budget crisis. Look, all the special interests including plenty of my own can yell and protest about how horrible the budget cuts will be. But…

In his recent speech to the legislature on the budget crisis, Gov. Schwarzenegger said that since the state is supplying less money to municipalities that it needs to have less rules and oversight, and that the state needs to clean…