Another bad gamble by the bluest of states. California Governor Jerry Brown bet that a nascent financial recovery would lift the world’s ninth- largest economy enough to whittle down a $9.2 billion deficit. Instead, the gap has widened to $16 billion. Today the 74-year-old Democrat will unveil his revised budget and explain what additional spending must be cut. ... MOREDaniel Halper: $16 Billion Deficit In California
Another bad gamble by the bluest of states. California Governor Jerry Brown bet that a nascent financial recovery would lift the world’s ninth- largest economy enough to whittle down a $9.2 billion deficit. Instead, the gap has widened to $16 billion. Today the 74-year-old Democrat will unveil his revised budget and explain what additional spending must be cut. ... MORE