California’s Real Budgetary Sin—We Spend Too Little, Not Too Much

Our State's Fear of Deficits Leads to Bad Management and Unforeseen Costs

We have reached the high holy days of California’s budget season, as our governor and legislative leaders decide which programs will gain new life, and which will be sacrificed. And so our state government’s ministers have begun their ritual sermons on the dangers of overspending.

They are preaching nonsense. California’s real problem is underspending.

Go ahead and dismiss my claim as blasphemy. After so many years of budget crises and big deficits, Californians have adopted a budget theology grounded in self-flagellation, even though our recent budgets contain small surpluses. You can probably …

The Unintended Consequences of Extending Proposition 30

The Initiative That Helped Solve California's Budget Crisis Could Now Create a New One

In 2012 voters passed Proposition 30—an initiative to raise taxes and take state government finances out of crisis mode. However, the new taxes, primarily falling on the top income earners …