Op-ed by Dan Walters, includes “… it was a budget based on hope — that the federal government would provide as much as $14 billion in emergency aid so some spending could be restored, and that the recession would be relatively brief. In the final month of the 2020 legislative session, however, neither of those hopeful scenarios appears likely to occur and state finances could be submerged in red ink for years…. The borrow-more faction, which includes the legislative leadership, has floated a $100 billion plan to ‘securitize’ various revenue streams — using them as collateral for loans. …”