Radio Netherlands Worldwide, July 2, 2009 Host Marijke Peters
http://www.rnw.nl/ar/node/9585
Imagine that a business runs out of money, but still has a bunch of debts. It goes bankrupt. States can’t go bankrupt, so some bills just end up not being paid…. It’s widely agreed that California’s budgeting process is dysfunctional. The combination of the two-thirds majority rules to pass budgets and two political parties that vehemently disagree on taxes and spending, repeatedly create paralysis.