Fortunately for Congress, if not so fortunate for the U.S. economy, the federal government can print money and borrow from China, so it doesn't have to balance its budget. Unfortunately for California's Legislature, the state doesn't have that luxury. [...] The [budget] report was clear about the solution: It will require both tax increases and spending cuts, over the course of several years, to eliminate the structural deficit.
It's rare to see a Times editorial do anything other than champion far-left thinking. In the current backlash against lavish spending, they seem to have taken a baby step toward the center.
But that kind of responsible budgeting is the last thing lawmakers intend to do. Republicans are adamantly opposed to any tax increase, and Democrats have vowed to protect cherished spending programs. Voters enjoy blaming politicians for the resulting gridlock, but they too are at fault. Republican lawmakers know they could lose their jobs if they approve a tax hike, and Democrats know the same could happen to them if they lay off teachers or end child health programs.