Democrats and Republicans in California's legislature are gearing up for battle as they try to close a $24B deficit that could leave the state unable to pay its bills next month. Democrats are calling for higher taxes and fees while Republicans are pushing for $16B in program cuts. Top state officials approached the White House for emergency aid but were rebuffed; the Obama administration is concerned a California bailout would call for other states to want some too.
Politicians really just hate having to do what they are elected to do.