Sunday, January 13, 2008

Michael Shedlock comments on the CA financial crisis

Mish's California Budget Proposal

On what sort of basis does Michael Shedlock make his own proposals?
On an Austrian economics basis, even bigger cuts would be made. I went after the
easiest targets to provide a framework for discussion.

Is this the right foundation? Nonetheless, can one conclude from the number of programs and offices that are involved, that the state government is too big for its own good?

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