Who Will Rescue California from Its Sad Fiscal Shape?

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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? 




Warren Olney