Huffpost Politics

Krugman: California Ruined By GOP, Rest Of Nation May Follow

Posted: Updated:

California, it has long been claimed, is where the future happens first. But is that still true? If it is, God help America.

The recession has hit the Golden State hard. The housing bubble was bigger there than almost anywhere else, and the bust has been bigger too. California's unemployment rate, at 11 percent, is the fifth-highest in the nation. And the state's revenues have suffered accordingly.

Read the whole story at New York Times

Around the Web

2009-10 California State Budget

California Passes Budget, Sends to Schwarzenegger -

California Budget - California Department of Finance

California Budget Project

California budget nightmare - May. 20, 2009

California's bleak budget options - Los Angeles Times

In Budget Deal, California Shuts $41 Billion Gap -

Schwarzenegger eager to sign budget, stump for measures - Los ...

BBC NEWS | Americas | California's budget worries grow

Schwarzenegger poised to sign California budget bill - Los Angeles ...