California Tightening Its Belt

globaltrends:

I can’t believe I’m saying this, but it looks like our governor is finally taking the correct course of action. With the deadline running up at the end of July, California has precious little time to pass a new budget before the state goes bankrupt. Its been decided that California will live within its means: cutting state funding, limiting short term borrowing, and privatizing infrastructure. This is going to lag development and hurt public schools tremendously, but its the right choice given these circumstances. Honestly, I don’t even blame our state legislators entirely but instead Californian residents who refuse to pay higher taxes, while demanding more funding for schools and better public transit.