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€