Thanks to the end of the tech boom and the bursting of the tech bubble — with an assist from energy price gouging — California's budget has plunged into deficit.1. Why is "the end of the tech boom and the bursting of the tech bubble" never blamed for the economic decline and rising deficits nationwide, at least when Krugman is doing the ananlysis? It's always tax cuts.
2. Oh sure, "energy price gouging" is to blame. Whatever.