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New at Reason: Matt Welch on the Battle Over California's Bloated Budget
On May 19,
California voters went to the polls to decide whether to pass a
package of six tax-and-gimmick ballot propositions. Its
supporters—Republican Gov. Arnold Schwarzenegger, Democratic
legislative leaders, the California Teachers Association, and the
overwhelming majority of the state’s major newspapers—billed it as
the last best hope to plug Sacramento’s $24 billion budget deficit.
“Either pass it,” warned the Los Angeles Times editorial
board, “or risk fiscal disaster.”
But as Editor in Chief Matt Welch writes in our August-September issue, those who believe that either money or the media determine political outcomes should pay close heed to what happened next.
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