By Lois Wolk
While reasonable minds may disagree about what caused the current global economic collapse, few can deny that our local, state and national economies are in crisis. The evidence is all around us: foreclosures, loan defaults, increasing unemployment.
This economic downturn exceeds anything the country has seen since the Great Depression. But perhaps more surprising is that in the 80 years since, California hasn't fundamentally changed its revenue system to help prevent this sort of fiscal crisis.