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06-28-2009, 01:16 PM #1
Some say new constitution would solve CA's woes
Some say new constitution would solve state's woes
By John Marelius, Union-Tribune Staff Writer
2:00 a.m. June 28, 2009
LOS ANGELES – California is drowning in ever-deepening red ink. The state may have to start issuing IOUs this week. And a debilitating cash-flow crunch could hit by the end of July unless somebody does something about it.
But the state's political leadership has repeatedly proved incapable of coming up with a solution.
California has had budget crises before, a lot of them. All sides agree this is different.
“It is beyond dire,â€NO AMNESTY
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