Thursday, April 23, 2009

Prop 1D and 1E, the Unintended Consequences

Here's my piece from this morning's LA Times on the possible unintended consequences of Props 1D and 1E, two of the measures on California's May 19 special election ballot. The two measures ask voters to raid taxes that voters approved in early initiatives. This is good for the budget short-term, but it establishes a precedent that will make future ballot initiatives less fiscally responsible (and thus worsen the state's structural deficit).


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