PRESTOPUNDIT -- A Good Blog at a Great Price. Guaranteed.

Bruce Bartlett celebrates the 25th anniversary of Prop 13. I loved this bit:

economists at the University of California at Los Angeles predicted that the state's unemployment rate would rise by 4.5 percentage points .. if [Prop 13] was enacted.

Of course, instead of rising 4.5 percent the unemployment rate in California fell below the national rate for the first time in years.