US Media Reaction to the California Fiscal Crisis
BBC:
Harold Meyerson, writing in the Washington Post, says California has become a state with "no vision for the future":
What if?
BBC:
Harold Meyerson, writing in the Washington Post, says California has become a state with "no vision for the future":
A Los Angeles Times editorial also warns that financial collapse in California will have wider national consequences:Today's California visionaries are calling for a constitutional convention to rewrite the plainly dysfunctional rules by which the state governs itself. It is not only Californians but also America that has a stake in their success. A California that decimates itself during recessions drags the rest of the nation down with it.
Blogger Eugene, writing in the Daily Kos, says Republicans are using the crisis to "destroy government, regardless of the economic consequences":Democrats and the governor, and the Republican lawmakers who take pride in never voting in favour of any budget, have set us on a road toward two possible cataclysms: a popular revolt that will further diminish the power of government as we know it, and ruinous default that keeps the recession alive for another decade and plunges Californians, and perhaps all Americans, into nearly unimaginable misery. Sacramento players should check their rear view mirrors. Both objects are closer than they appear.
On SDNN, Chris Crotty and Tom Murray say the budget crisis has exposed "catastrophic" structural flaws in California's politics.Why is this happening to California? The worst economic downturn in 60 years is playing a big role. But so is the US Senate's moronic decision to cut nearly $100 billion in state stabilization funds from the stimulus earlier this year. That money would have gone to states like Illinois and California, helping keep schools open, keep kids on health care, and prevent budget cuts from strangling economic recovery.
Is what is good for Cali what is good for the rest of the country?Both the social and physical infrastructure of California is deficient and continues to degrade. It is no exaggeration to say that the health, welfare and safety of our society are endangered. "California has become ungovernable" has evolved from an observation to a cliche... The state now stares into a $24.3 billion budget hole. As the governor and the legislature play more political games, California faces the possibility of literally going broke.
What if?