Rebooting panelist writes that California's 'budget gap is political, not economical'

Dan Walters, who moderated the "Fiscal and Budgetary Problems/Reforms" panel during the Rebooting California symposium, wrote in the Dec. 5, 2010 edition of the Sacramento Bee that:

The loudest voices in California's budget crisis belong to those on the political right who contend that raising taxes to cover the deficit would doom the state to perpetual recession and those on the left who argue that reducing spending would likewise devastate the economy.

The volume of those shrill arguments is rising as the Legislature reconvenes, as outgoing Gov. Arnold Schwarzenegger calls a symbolic special session on the budget, and as Gov.-elect Jerry Brown prepares to confront the state's most vexing political issue.

Read the complete column.