On Sun, May 16, 2010 at 8:19 PM, Jerry Barnes <[email protected]> wrote:
> Come on.  The crisis might not be so dire (might being a conditional because
> I don't know enough about Prop 13), but there would be a crisis.  Every
> state is in a budget crisis now and it would be hard to argue that CA
> legislators are more fiscally responsible than any other state.

Like you, I have great faith in legislature's ability to spend more
money then they should - no matter how much they have.  Still - I do
think that Prop 13 makes California's tax base far more volatile than
it would be otherwise.

-Cameron

.

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