…there is currently no tax proposal being discussed in budget talks
regardless of Schwarzenegger's claims to the contrary
…the savings from many of these reforms may, with luck
just offset the $1.5 billion to $3 billion the state lost
by blowing its June 30 deadline
...Are welfare programs chock-full of cheaters?
We're left to rely on the word of the governor
the same man who is raising special-interest money to run commercials
pretending that he is in the midst of a fight over taxes
…as its credibility erodes, California is nearing default
in which the state doesn't merely fail to pay its bills
but shows no prospect of ever being able to do so
Then it would be too late for reform
no one would do business with California
and other states on the edge -- and finally all states -- could fall
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