Timing the Next Bull Market (Musical Tribute)

Long-term fix on finances still eluding California

And perhaps most deplorable is that after months of marathon debates in Sacramento, we still don't have a clue how the state government will keep running once the bandages fall off.

We are no closer to reaching a long-term fix for our perennial financial problems than we were when Schwarzenegger rode into office, after forcing the recall of Gov. Gray Davis, whose budget gaps paled in comparison to the chasms we now face.

It would be nice to think that the critics of the budget in Sacramento would have some ideas about how to rectify these long-term problems. Instead, they stood by the sidelines, chanting “No new taxes” and “Cut the fat” as the state headed toward the brink.

Oops, I did it again. I forgot what my point was. Sorry!