We cannot tax cut our way to prosperity any more than we can tax and spend our way into fiscal nirvana. It requires a balanced approach of sensible spending cuts, substantive entitlement reforms and negotiated tax increases.
R. Jeffrey Lustig has compiled (and contributed) to an amazing set of useful essays that examine the many maladies plaguing California's politics and public institutions and provide food for thought that points to possible remedies.
How could California, the most populous and wealthiest state in the union, be reduced to such pathetic circumstances? It would be wrong to blame Arnold and only Arnold for what's happened. This is a collective failure.