Can Jerry Brown's 'painful' budget save California?

The Golden State's governor has called for dramatic spending cuts and tax extensions to help reduce a $25 billion deficit. Will his plan work?

"It's better to take our medicine now," Jerry Brown told reporters in regards to borrowing money to help the state's $25 billion deficit.
(Image credit: Getty)

Jerry Brown, the governor of Calfornia, has unveiled a dramatic budget proposal aimed at tackling the state's ballooning $25 billion deficit. Brown wants to cut spending across the board — including funding for welfare and health care programs, state parks, and public universities — while extending temporary tax hikes for five years. Brown said that the cuts, although "painful," are the only way to balance the state's budget. Will his plan be approved — and if so, could it work? (Watch a Fox Business discussion about Brown's cuts)

Read our lips, Gov. Brown. No new taxes: Brown's plan is "half right," says an editorial in the Orange Country Register. But his "half-baked" proposal to keep taxes high ought to be stopped in its tracks. Voters "overwhelmingly rejected" tax increases twice in the past two years, and aren't going to be convinced by his "false" promise that the revenue will go toward public schooling. "Any new taxes are entirely unacceptable."

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