A think-tank with ties to President Obama estimates that California will get about $63 billion from his stimulus package; $19 billion would go for individual tax cuts and the rest would fund infrastructure projects, healthcare, schools and unemployment benefits. Ten billion of that would help reduce the $42 billion budget shortfall, not enough to avoid big tax increases and major cuts in spending. Are Californians ready for what lies in store?
Who Will Rescue California from Its Sad Fiscal Shape?
Credits
Guests:
- Mark Baldassare - Public Policy Institute of California - @ppicnotes
- Gray Davis - former Governor of California
- Allan Hoffenblum - (1940-2015) - @WeHoGOP