Audio posted in the afternoon.
Tom Fudge: It's July in Sacramento. That's not a popular song from the past century. It's become a way of saying that California still can't decide how it'll pay for all the stuff people seem to want. Political stalemate has become a way of life the halls of the Legislature.
Over the past few years, we've gotten around it by borrowing money and finding accounting loopholes, but in this day of crashing real estate markets and near recession the jig might be up. Something's got to be cut or some taxes have got to be raised.
The Democrats want to raise taxes, and the Republicans want to cut spending. Until now, neither side seems to want to get any more specific than that, when it comes to offering a budget plan.
Guest
- John Myers , Sacramento bureau chief for The California Report .
