Primer on the California budget drama

    Moe has made a good start on explaining the California drama, but the story is quite a bit more complex and contains another case study in the Law of (Predictably) Unanticipated Consequences. On one key point, though, I think Moe is not quite correct As near as I can make out, the Republicans will not budge on tax hikes (which would require a special election | Read More »