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California Math

Only in the state that brought you La La Land would the fiscal math that was likely used to put California into a budget crisis be credited with solving it. When a $26 billion problem is solved with $15 billion in cuts and $11 billion in fuzzy math and aggressive rounding error, there are likely to be some problems down the road. If this is the standard for successful fiscal management in the Golden State, the next series of IOUs cannot be far behind.