California is operating entirely on credit for the first time ever. Meanwhile, the Republicans attack every attempt to raise new funds:
As California entered the new fiscal year without a budget or any plan to climb out of its multibillion-dollar shortfall, Republican legislators went to court Tuesday to dismantle the tripling of the car tax ordered by the Davis administration and set to take effect in October.
The LA Times has the details here.
And CBS News.com reports that California is in good company.