Twelve billion dollars in tax increases, $15 billion in spending cuts, $11 billion in borrowing? In the wee hours of this morning, despite the knowledge that as a Republican he would face “dire political ramifications,” State Senator Abel Maldonado of Santa Maria finally said, yes, acknowledging that “the ramifications for the people of California are far much greater.” So, you might think it’s all over. After all the wrangling, it’s still possible the state could run out of money. Crucial parts of the $42 billion deal will have to be approved by the voters.
California's Budget Madness Comes to a Close...Sorta
Barbara O'Connor - Cal State Sacramento's Institute for the Study of Politics and Media, Jon Fleischman - Breitbart California - @FlashReport, David McCuan - Professor of Political Science, Sonoma State University, Anthony Wright - Health Access California - @healthaccess, David Pettit - senior attorney at the Natural Resources Defense Council - @TeamAir, Anthony York - Grizzly Bear Project - @anthonyyork49