California Governor Jerry Brown recently announced that his state’s projected budget deficit had nearly doubled over the span of a few months, going from $9 billion to $16 billion. While Brown maintains that the huge jump is due to an error in revenue forecasting, the real reason is obvious: California is spending too much and is too reliant on a shrinking tax base. Decades of liberal policies that accelerated spending and grew government employee entitlements have led to a loss of population and wealth.
