Alan Auerbach Examines California Budget Deal

NPR.org, July 21, 2009 by NPR staff and wire services
http://www.npr.org/templates/story/story.php?storyId=106850202

These latest cuts come on top of billions already trimmed from the California budget earlier this year. “It’s a bit of a shell game,” said Alan Auerbach, a University of California, Berkeley economics professor. “Clearly, they are using some shifting of the timing of revenues” to make up some of the shortfall, “but there are some real, significant cuts here.”