Is CA on the Brink?

If the ballot measures fail and the recession does continue unabated into 2010, the budget gap could widen again into the $20 billion range. But the governor and legislative leaders may have fired all their political bullets in February, leaving them with few options beyond wholesale spending cuts in education, health and welfare services and even prisons to close the gap.

- Dan Walters, “Foundation of budget deteriorates”, The Sacramento Bee, April 12

Pasted from my iPhone!
http://pastebud.com

Interesting election coming up later this month. What will CA do it the props fail? I'd link to seeking alpha but I'm on the iPhone.

Edit: Added link. All the propositions are losing in the polls, except for the one that limits legislature pay raises during times of budget crisis. So you have to wonder what will happen should all the tax hikes fail...

Lets see who's talking about the Dodgers today on Twitter: