California,
the media like to tell us, faces an unprecedented fiscal crisis. The budget
deficit is $40 billion and growing. The state is so short of cash that, within
days, it may issue IOUs, rather than checks, to pay its bills. The Legislature,
bitterly divided, seems unable to agree on a way out. The governor warns of
"financial Armageddon."
How should we prepare for apocalypse?
Before you hide under your bed, check out a few books by some of California's leading
journalistic interpreters of… more