Study finds upside in Calif. budget cut failures
Associated Press
Updated Dec. 9, 2009
California officials' failure to cut as much spending as they planned during this year's budget negotiations will put a drag on the state's economic recovery when deferred job cuts are enacted to plug a still-gaping deficit, according to an economic forecast released Wednesday.
But the quarterly Anderson Forecast from the University of California, Los Angeles, also said the delay in implementing those cuts has an upside, since it will keep state workers employed until the economy is better able to put them back to work.
>>
Read more