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...other direct increase in taxes." Yet for many liberals, modifying Proposition 13 would be one of the central reasons for holding a constitutional convention. Mark Paul, a scholar with the non-partisan New America Foundation, says, "It's silly to have a conversation about the future of California without talking about Proposition 13." (Watch a gay marriage wedding video...

Author: /time Magazine | Title: California's Budget Crisis: Is There a Way Out? | 7/2/2009 | See Source »

...University of California, Sokhoeun needs every penny of financial aid she can find. And that aid is almost certain to be cut in the coming round of budget slashing. The Cal Grant program is on the chopping block as Gov. Schwarzenegger proposes the elimination of grants for incoming freshman and the gradual phasing out of the program. Now Sokhoeun and thousands of outstanding students - the human capital for California's future economic growth - stand to see their dreams dashed...

Author: /time Magazine | Title: California's Budget Crisis: Is There a Way Out? | 7/2/2009 | See Source »

Like states across the nation, California is suffering in the Great Recession. Jarring cuts to the state's K-12 schools, universities, children's healthcare, the infirm, the elderly, roads, infrastructure, cities, counties, libraries, police, fire and parks - nearly all the programs that government provides - are unavoidable. The big question: Will the budget knife slice California's middle class in a significant way, and, if so, how will those voters react to the pain...

Author: /time Magazine | Title: California's Budget Crisis: Is There a Way Out? | 7/2/2009 | See Source »

...Read "California's Fiscal Crisis: The Legacy of Proposition...

Author: /time Magazine | Title: California's Budget Crisis: Is There a Way Out? | 7/2/2009 | See Source »

...Read "Can the U.S. Afford to Let California Fail...

Author: /time Magazine | Title: California's Budget Crisis: Is There a Way Out? | 7/2/2009 | See Source »

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