I'd be delighted if California's problem was on the scale of Oregon's. The way things are shaping up, we're looking at 30-40% of the budget having no funding. As Tom McClintock notes, however, that 'budget shortfall' everyone talks about is the difference between actual revenue and what legislators want to spend. It starts out with the assumption that we're going to spend last year's amount plus some percentage. Until we get rid of the mindset that budgets only increase year-to-year, we're not dealing with the real problem.
California: S&P: More budget cuts needed (Wall Street weighs in )