Saturday, November 28, 2009

California, Revisited

Read a reasonable and balanced analysis of the budgetary mess in California, written by Richard Reeves for Universal Press Syndicate and RealClearPolitics. I endorse all but the last two sentences and I take those to be throw away lines. The most unusual thought Reeves shares with us is the following:
The most devastating battle on California's political landscape has been old vs. young. And the old are winning big time.
It is a different take on the impact of the famous Proposition 13 which limits property taxes. Its main benefit goes to long-time owner-occupants of a home, almost always the old.