JE Dyer of commentary describes Jerry Brown's plan to reform California finances. He points out that while the aged moonbeam does propose some cuts, he makes no effort to reform the pensions and regulatory madhouse that have made great swathes of the state non-viable. I will make a prediction: in four years California will be in the same amount of trouble if not worse.
Because unlike in the past, the private sector is not going to ride the rescue this time. RTWT.
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