California in a state of financial crisis. Governor Schwarzenegger calls on the federal government for more help. Fears that California’s economic condition is a harbinger of things to come for the rest of the nation.


  • Chris Edwards Director, Tax Policy Studies, Cato Institute. He is the creator of the website 'down sizing the federal government.'
  • Ezra Klein columnist for the Washington Post and Newsweek
  • Corina Eckl Fiscal Program Director, National Conference of State Legislatures
  • Nicholas Johnson Director of the State Fiscal Project at the Center on Budget and Policy Priorities

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