It’s baaaccckkkk! No, not the Terminator, California’s seemingly interminable financial crisis. This time, state officials say they face a $20 billion gap between what they are spending and revenues coming into the state treasury.
Given the power of the California public sector unions, including those representing state and local government employees, and public school administrators and teachers, this crisis shows no sign of being solved because the unions refuse to consider relaxing their death grip on California’s rapidly shrinking legion of tax payers.
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