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So inability to control spending has nothing to do with it? It's all the fault of those who won't allow taxes to be raised to the moon?

That's right, the budget problems on CA cannot be solved by cutting spending alone. Revenues have to be increased too. Also, it's about time that CA starts getting monies from Washington. States like AK are getting more from Washington than they send there. But that is about to change. State and local governments (including CA) are asking Washington to give them something that banks are trying to get rid of: federal bailout money (TARP funds). More...

http://www.nytimes.com/2009/05/26/business/26muni.html?_r=1&...
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