Report: California on 'Verge of System Failure'

Monday, 21 Jun 2010 09:50 AM
By: Julie Crawshaw

Think of it as Greece on the Pacific: A place with beautiful scenery where the government spent so far beyond its means that mass layoffs, welfare reductions that leave a million children and the poor and elderly without needed services and failing infrastructure are now the norm.

California’s fiscal hole reportedly is now so large that the state would have to free 168,000 prison inmates and permanently close 240 university and community college campuses to balance its budget in the fiscal year that begins July 1.

“We are on the verge of system failure,â€