Surprise, California! Budget Deficit 25 Percent Worse Than a Month Ago

Phantom cuts, bad projections, budget process complications added by initiatives voted in this month are to blame for why an extra $6 billion in deficit spending is discovered about a month after an already bleeding red budget passed–months late. (And of course, blame a state political establishment that just spends way, way, way more than they should.) Links, quotes, details at my California news and politics blog "City of Angles."

Matt Welch talked California's fiscal profligacy on Fox Business Channel earlier this week.