Those of us in public radio and TV are quite familiar with big pitches for big cash (tote bag, anyone?) on a semi-regular basis. Perhaps that's why the 48 hour pledge-a-thon by Governor Arnold Schwarzenegger and legislative leaders that begins today feels so familiar.
One of the most often quoted stats about California is that, were we a nation, we'd be the world's eighth largest economy.
But such power can also work in reverse, say economists. And now, there is speculation that whatever ugly deficit deal state lawmakers strike, its necessary slashing of public services could either slow, or stop, the economic recovery of the entire nation.