Source: www.washingtonpost.com
California is a special case because it is so BIG. “Fully 1 in 4 of the nation's underwater mortgages, for instance, are on California homes” yet the governor’s cuts “will cause 60,000 state employees to loose their job,” The Washington Post reports.
It goes on to say that Proposition 13 (1978) blocks the cities and counties from funding their own endeavors, and thanks to Arnold it cannot undertake investment projects previous governors have been privileged to. Therefore Californians must look forward to the often talked about constitutional convention to rewrite the dysfunctional rules…
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"It is, rather, hard-wired into the American system of governance, wherein virtually all the states have required themselves to produce balanced budgets even during depressions -- which means they must slash services and lay off workers even though such actions actually deepen the downturn. "
