{"id":12869,"date":"2012-01-31T17:09:02","date_gmt":"2012-01-31T22:09:02","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=12869"},"modified":"2012-01-31T17:09:02","modified_gmt":"2012-01-31T22:09:02","slug":"what%e2%80%99s-wrong-with-california-in-two-sentences","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/12869\/what%e2%80%99s-wrong-with-california-in-two-sentences\/","title":{"rendered":"What\u2019s Wrong with California in Two Sentences"},"content":{"rendered":"<p>In a <a href=\"http:\/\/blogs.sacbee.com\/capitolalertlatest\/ChiangLetter.pdf\" target=\"_blank\">letter<\/a> (pdf) to California legislators, State Controller John Chiang summarizes the Golden State\u2019s fiscal problems with deft understatement:<\/p>\n<blockquote><p>As of December 31, 2011, total receipts are coming in $2.6 billion less than forecasted, and expenditures are $2.6 billion more than assumed.\u00a0 Together, both of these components translate into a $5.2 billion reduction in cash resources.<\/p><\/blockquote>\n<p>At least someone in California can still do math.\u00a0 Will it matter?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a letter (pdf) to California legislators, State Controller John Chiang summarizes the Golden State\u2019s fiscal problems with deft understatement: As of December 31, 2011, total receipts are coming in $2.6 billion less than forecasted, and expenditures are $2.6 billion more than assumed.\u00a0 Together, both of these components translate into a $5.2 billion reduction in [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[70,299,59,61],"class_list":["post-12869","post","type-post","status-publish","format-standard","hentry","category-posts","tag-budget","tag-california","tag-deficit","tag-spending"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/12869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=12869"}],"version-history":[{"count":3,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/12869\/revisions"}],"predecessor-version":[{"id":12874,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/12869\/revisions\/12874"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=12869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=12869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=12869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}