Editorial: Federal Debt Deal To Reverberate in California
On Tuesday, President Obama signed aÂ debt-limit bill (S 365) into law, meaning that the federal government "must now decide how to live within its means," an Orange County Register editorial states, adding, "Any hope that California's beleaguered state budget will be propped up by Washington now seems far-fetched." The editorial continues, "Moreover, as federal funding is diminished, long-term state health care spending will increase" as a result of the federal health reform law. It adds, "Further cuts in federal health and welfare spending could shift even more burdens to the state."
- "California Will Feel Cuts in Debt Deal" (Orange County Register, 8/2).