Budget Solutions Look Bad and Worse

In Sacramento, it's almost axiomatic that a $24 billion budget gap will have to be closed without any new taxes. After last month's special election, Governor Schwarzenegger said the voters had spoken out against any new taxes. Republicans, of course, agree. Democratic legislators have talked about increased revenues in the most muted terms. We hear from Sheila Keuhl, who served six years in the Assembly and eight in the State Senate, until she was termed out last year. We also hear from Joel Fox, former president of the Harvard Jarvis Taxpayers Association, now editor of "Fox and Hounds Daily," a blog about the confluence of politics and business in California.