May 12, 2008 2:41PM

California: Poster Child for Poor Fiscal Management

On Wednesday Gov. Arnold Schwarzenegger is releasing his revised budget proposal against a backdrop of a massive deficit. In my op‐​ed in today’s San Francisco Chronicle, I lay out the background of the “fiscal crisis” in the state (too much spending) and point out a few specific programs the governor can terminate. Enacting a spending limit and working to increase the use of public‐​private partnerships would be great, but this year’s budget debate highlights the need to also eliminate programs, cut spending (not merely spending growth) and refocus the state government on its core functions. 

Not from California? Your state has also likely forgotten the lessons of the 1990s and may have its own “crisis” brewing.