Did California Gov. Gray "out" Davis pull a Worldcom? It would seem so, considering that the estimate for the California budget deficit has increased more than 50% in only the last four weeks. Davis is getting criticism from both ends, as some accuse him of fudging the numbers back in the fall to get him through the election, and others accuse him of fudging the numbers now to set the stage for massive tax increases.

Either way, Davis looks like a schmuck. Still, that doesn't stop him from trying to blame the projected $34.8 Billion budget deficit on the national economic policy. Never mind that he continued to increase spending, and borrowed against the future, to the tune of over $17 Billion.