California Assembly Speaker Karen Bass told the Wall Street Journal that she expects to reach a budget compromise this week. I doubt it.
The Democrats are still only arguing to increase taxes. Republicans in the Legislature vow that’s not going to happen. Democrats, including Speaker Bass, say that there’s no spending left to cut because of previous cuts; Republicans say that there’s plenty left to cut and that the Legislature needs to implement permanent spending restrictions.
Does that sound like there’s a compromise that’s imminent?