Overview of California’s Fiscal Crisis: How Bad Is It? - Prospects for Deficit Reduction and Pension Reform in the Golden State

Overview of California’s Fiscal Crisis: How Bad Is It? - Prospects for Deficit Reduction and Pension Reform in the Golden State

First Aired: 10/1/2012

Length: 79 minutes


California’s fiscal crisis at the state and local levels.
 
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This panel examines California’s fiscal crisis at the state and local levels. After providing an overview of the fiscal crisis confronting California, the panel focuses on a number of issues: Which cities in California are struggling the most and why? Are Vallejo, Stockton, and San Bernardino the edge of a tide of bankruptcies? How does California’s financial condition compare to other states? How much of California’s fiscal stress is caused by cyclical factors as compared to structural factors?
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