Bonus...heh...good one.
IBD on California lyin':
Did Proposition 13 ruin California? Yes, says a now-popular myth, which explains the state's budget crisis as punishment for keeping taxes too low. But statistics are stubborn things.
There are only two ways to get into a fiscal mess on the scale seen in California right now: You either spend too much or tax too little...
At the "root of California's misery," says Time, "lies Proposition 13, the anti-tax measure that ignited the Reagan Revolution and the conservative era. In Washington, the Reagan-Bush era is over. But in California, the conservative legacy lives on."
This sort of argument is emerging now, we'd guess, to help soften voter resistance to higher taxes not just in California but, sooner or later, at the federal level to pay for the spending frenzy of Congress and the Obama administration.