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California Budget Deficit

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Michael Krasny and his guests discuss California’s $21 billion budget deficit – what led to it, and what can be done to reduce it?

Guests:

Stephen Levy, economist at the Center for Continuing Study of the California Economy

Steven Sheffrin, head of the Division of Social Sciences and professor of economics at the Center for State and Local Taxation at UC Davis

Brad Williams, senior economist at the California Legislative Analysts Office

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