Smoke and mirrors on final Cali budget

Here’s the full skinny on the alleged budget for 2009, and 2010, in the Leaden State, and the deals between Der Ahhhnold and the California Legislature.

• $4 billion in new “revenues,” i.e., fees that aren’t being called taxes, I presume. You’re not alone, Californians; it’s popular here in Tejas, too. If this is $4 billion in assumed state revenue growth, then the parties involved are even bigger liars yet.
• $3 billion in accounting maneuvers, or whatever you want to call them.
• $2 billion new borrowing.
• And forcing local governments to pay more for various things.