California: Expenditures Vs. Revenues

California is a very large room, and perhaps that is why the state’s political machine has so long been able to ignore the multi-billion dollar elephant that is the state budget shortfall. But there comes a point where the size of the room is irrelevant. Where evasion is not only impermissible, but impossible. Where the only alternatives are fundamentally reworking long-standing policies—and being crushed under the weight of the beast. The current budget crisis is proof that California has reached that point.