Ed Lazear

Here's my "Fiscal Fitness" column from today's Roll Call.

Fiscal Finger Food Adds Up to One Big Feast on the Budget

This is one of those weeks when there’s time to catch up on new developments on a few items that I’ve already written about and to deal with a few stories that so far haven’t been big enough to merit a column of their own. Think of it as budget tapas, a series of small portions that are not that filling by themselves but make a complete meal when eaten together.

California Really Is Too Big to Fail. Ask yourself this question: If AIG and other Wall Street firms are considered by policymakers to be too big to fail, what does that say about California?