LAT laments California's budget

The LAT is depressed and disappointed this morning about the new state budget that the governator is expected to sign next week. Life sucks and the situation is desperate because the lousy Republicans wouldn't go along with tax increases, the LAT seems to argue in an editorial this morning. 

But Californians are already overtaxed. Raising taxes would have been stupid. California's government needs to learn to live within its means. 

On today's front page, the LAT reports that the unemployment rate in California is now 7.7 percent. But the LAT and California's Democrats don't get the connection. High taxes and too much regulation drive businesses out of state, discourage creation of new businesses and discourage new investments. All these drive unemployment upwards.