California's Fiscal Charade: A Disaster of Direct Democracy

by Benjamin Domenech on 10:00 am July 25, 2009

California’s accounting tricks: “Unable to go to the banks to borrow, the state is borrowing billions from local counties and communities by simply not disbursing the money it is supposed to.” Payday shifts, accelerated withholding of state income tax, and other “solutions” are just “changing your phone number” to avoid the bill collectors.

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