California is called the “Golden State.” But California is in trouble financially.
So new Gov. Jerry Brown is seeking to cut most state government spending – and keep tax rates high for five years – because of a huge budget deficit.
Sadly, California is not unique. Many government officials are irresponsible. Look at our U.S. government: With taxes too high, but spending higher, Washington (we, the people) face budget deficits close to $1.5 trillion – and a $14 trillion national debt!