T. William Lester

    Commentary by Ken Jacobsand T. William Lester in SFGate

    Deficit reduction isn’t one size fits all

    When it comes to jobs and the economy, not all solutions to California’s estimated $20 billion budget shortfall are equal. Most measures designed to reduce the deficit can be expected to depress the state’s economy even further in the short term, but the magnitude of that impact will depend on which cuts are enacted.