$222 Billion eh...That's a lot of dough
Posted on 04/01/2024 10:24:42 PM PDT by SeekAndFind
This surplus 2022 money they talked about....don’t you think that was bogus?
Based on all the fed covid $$$$ Cali received.
Cash basis, accrual basis, I know they can muddy the waters of the financial picture, depending on which they use.
A key question is, does the state have money in the bank? Regardless of cash or accrual accounting, can the state pay its bills?
If the Dems win a majority in November, I predict the feds will trade state debt for state rights.
Only in the Democrat party would such a disastrously bad governor as Gavin Newsom be considered the great hope for the future
Nothing a few hundred more miles of train-to-nowhere can’t fix.
$222 Billion eh...That's a lot of dough
I’s ok, all the rest of us will bail them out.
And Newsom thinks he has a snowballs chance to become pres in 2024?
So he can do to America what he has helped do to Calif.
With such great representation, the citizens will love more taxation. /s
Thanks for posting. Depressing information given all of the other things California citizens must be concerned about.
Don’t worry, the rest of the US will pay to bail them out.
US broke too.
/echo That is the plan.
Those who say “It’s California’s problem, they voted for it” are mistaken. The number one recipient of federal income tax dollars is ca. Over all other national expenditures.
Their mistakes directly cost everyone everywhere.
You’re probably right. One way or another California will get the feds to subsidize and/or bail them out.
This topic rarely hits headlines.
IMHO, it’s all about the state debt, certainly centered among left-run states, and that - combined with other market forces (banks, commercial real estate, etc.) - will spark the next fiscal crisis (better labeled ‘collapse’).
I thought for sure that the admin would have used the plandemic $$ & IRA as a slush funds to remedy much of the state (pension) debt in such states, but it seems that student loans and war etc. (uke) have diverted attention and meager resources for said printed/devalued money.
Withe the CA governor and his wife’s Easter statements on the Trans Day of Visibility, this should all turn around and quickly.
Clearly Governor Gruesome has his priorities and plans to steady the state of affairs in order!
Remember when California was the Golden State?
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