With its constitutionally-mandated spending of 60 percent of the state's General Fund, lawmakers in California fight over the remaining 40 percent using a diminishing set of gimmicks to tout a budget deal.
Incredibly, the state of California, the 8th largest economy in the world, doesn't have a complete balance sheet. It's not a question of bankruptcy, taxes, or services, but of redeploying the state's significant assets.
The "change makes us California" story is intended to scare us, but like many good tales, it's blatantly untrue. Budget reforms will not transform us into the Golden State. Almost the opposite is true.
By blocking any new revenue streams to fund higher education, Governor Arnold Schwarzenegger and the Senate Republican minority are not only taxing California's young people and their families, they are crippling the state's future.