Why is California broke? California in the Balance offers a precise analysis of the Golden State's fiscal condition - from the process used to write the state budget to the reasons for chronic deficits to the possible paths to stability. Here are the details of California's financial woes, laid out step-by-step by one of the state's leading budgetary experts. In a book recommended by both Republicans and Democrats, John Decker makes plain his extraordinary knowledge of California's budget. With a foreword by California Treasurer Bill Lockyer.