California in crisis
Politics, California Housing Crash, The Economy May 20th, 2009
Californians live in a dream and it shows when you look at the financial disaster we are in. Great article in the LA Times:
By rejecting five budget measures, Californians also brought into stark relief the fact that they, too, share blame for the political dysfunction that has brought California to the brink of insolvency.
Clogged freeways, the decline of public schools, an outdated water system and a battered economy are just a few of the challenges demanding action by state leaders. Instead, they are consumed by yet another budget crisis, one that voters worsened Tuesday.
“No one’s really stepping back and confronting the harsh realities that face our state in a critical sense, because of constraints put on our elected leaders,” said Mark Baldassare, president of the Public Policy Institute of California. “We’re unable to focus on the long term and the big picture at a time when we desperately need to do so.”
