State legislators have sent 600 bills to Gov. Jerry Brown, many of which he has promised to veto. One of those should be Senate Bill 202, which does two things that represent partisan politics at its worst.
First, it denies Californians the opportunity to vote in June on creation of a 3 percent reserve fund in the state budget. This “rainy-day” fund would help the state avoid the perennial budget crises that force it to issue IOUs when it runs out of money. Read More
The Associated Press:
Europe’s debt crisis mushroomed Wednesday as Spain saw its credit rating lowered, just as Germany sought to reassure nervous investors that Greece would not be allowed to go under, saying Berlin’s share of a key aid package could be approved in the next few days. Read More