Jerry Brown's Optimism Has Been Costly 

His insistence that California's budget woes weren't that bad — when they were — might have cost voters a chance to close corporate tax loopholes.

Jerry Brown's recent acknowledgement that his administration had seriously underestimated California's budget woes was predictable. The nonpartisan Legislative Analysts' Office had been challenging Brown's numbers for months, contending that the governor was far too optimistic when he predicted in January that the…

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