Proposition 2: Houdini Economics
Escaping the bounds of financial reality seems to be Sacramento’s favorite magic trick. The official forecast shows Proposition 2: adding just $1 billion a year to the state’s savings fund in each of the next three years; paying off just $1 billion a year of the state’s ($300 billion) debts; putting nothing into the school savings account. During these relatively stable, prosperous times. Yet, had it […]