Good news?

The state is generating an almost constant stream of alarming news. “Essential” services from libraries to police hours to public school teaching staffs are being drastically cut. Cities are going bankrupt. This year’s state budget—which currently boasts a $19 billion shortfall—has been delayed for nearly two months, with no agreement in sight between Gov. Arnold Schwarzenegger and Democratic lawmakers. Employees are being furloughed. The state will soon have to start issuing IOUs to cover its obligations. Sacramento announced Monday it would be unable to pay nearly $3 billion in school and county subsidies. Books with titles like Plunder and California Crackup detail how massive financial obligations have rendered the state essentially ungovernable.

In short, California can’t buy decent press these days. (And even if it could it wouldn’t have any money to do so.)

So why is this good news?

More here

August 31, 2010 - Posted by | Uncategorized

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