California’s pension debt puts it $175.1 billion in the red

sacbee.com ^ | 03/22/2016 | DAN WALTERS

[WENDLE]

YOU IDIOTS!!! Know this. Donald Trump WILL NOT BAIL YOU OUT!!

[freedumb2003]

This is no worse than the average person determining whether they are overspending by doing their monthly expenses vs. income and leaving out mortgage/rent and their car note.

If all the expenses (less mortgage/rent and car note) are less than net income: VOILA! Budget balanced!

[scooby321]

I guess Moonbeam can't afford a wall

How can they afford all those illegal aliens programs

[stocksthatgoup]

Jerry Brown has it covered with a new tax. lol

[WENDLE]

Total ignorant idiots. I put them in the same pathetic category as Europe. When the babies and women start getting slaughtered , will they flee to hide under their beds?

[tennmountainman]

Almost 1/4 Trillion dollars.

Get out of CA before they tax every thing you own.

[nascarnation]

I thought state “cap and tax” was bringing in big $$ (along with nationwide leading gas prices) ?

[blueunicorn6]

So, the state has been loaning money to “local governments”?

California....one large Ponzi Scheme.

Maybe they can borrow money from Puerto Rico.

[LMAO]

How can they afford all those illegal aliens programs

---

They can’t
Their fiscal problems have only just begun

[King Moonracer]

Shhhhhhh. They’ll fail sooner to suckle at Barqy’s teet.

[Disestablishmentarian]

just wait till interest rates start to rise again . . . which will be in the next couple of years, for sure.

[forgotten man]

The entire California state budget is $170.7 billion. The deficit is $175.1 billion.

[Steely Tom]

$4400 per known Californian.

[Bullish]

Our California legislature is overrun by democrats and we have a certifiably insane liberal for a governor. What else would anyone expect? Fiscal responsibility? It’s like none of them know the first thing about economics or finance.

It’s quite astounding that we elect such dolts.

[doldrumsforgop]

anyone who ever lived and work in CA will be subject to a confiscatory CA tax at some point. Watch out.

[eyeamok]

That number is low, I heard a State Senator on the radio the other day say it was $250 Billion.

[17th Miss Regt]

A simple tax increase will balance the budget.

$175,100,000,000 / 36,000,000 = $4864 per Californian.

Easy, peasy!

[17th Miss Regt]

That number is low, I heard a State Senator on the radio the other day say it was $250 Billion.

Okay, then $6944 per Californian! Easy, peasy!

[MSF BU]

I suspect we will many government assets, water works for instance, auctioned off to accommodate pension responsibilities. It would be nice if there were some means of bankruptcy or reorganization for the state.