(Welcome to California!)

With the current state of eternal/ongoing financial crisis in California, I thought it would be a good idea to revisit the day where things went south. On June 8, 1978; the day after the election and the "voters revolt", California was poised to go from budget surplus to bankruptcy in a very short time.

Gov. Brown: “The message is, that the Property Tax must be sharply curtailed and that government spending, wherever it is, must be held in check. We must look forward to lean and frugal budgets.”

Lots of people forget just how this thing got started, since it was 31 years ago - time has a tendency to cloud things over, particularly events that seemed like a good idea at the time, but over the long haul just spelled disaster.

So in case you were wondering . . .