"In the midst of the nation's worst economic crisis in nearly seven decades, with the state's unemployment rate nuzzling 10% and with bond money waiting to be spent on major transportation, water and housing projects, California has halted public construction and idled thousands of workers because our government can't adopt a budget. In three weeks, Sacramento will begin sending out IOUs instead of paychecks. And no, those IOUs can't be spent at the grocery store or the hardware store or any other business that is trying to keep its doors open. Teachers will be laid off. Health clinics will close. Stimulus money spewing out of Washington will bypass us on its way to states that have their acts together."
Read the entire LA Times editorial here.


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