California finally has a budget for the fiscal year that started July 1. You see the problem is that our laws require a 2/3 majority to pass all spending bills. The Democrats have a majority of the legislature but not the required two thirds. The state goes through this every year. It’s not likely to change because the districts have been so gerrymandered that it’s almost impossible to change the control of any district.
Gov. Arnold Schwarzenegger has done the best anyone could, given the government structure. It was a fabulous idea for balancing the budget. We will borrow $10 billion from future lottery revenue. Maybe the Federal government can use that method to finance the bail out of Wall Street.
I am not certain that anyone really cares. Beverly Hills, Malibu, La Jolla, and Calabasas too, are all doing great this year. What’s to worry?
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