My God, this is the most horrendous prediction I’ve ever seen. Revenue streams collapsing left and right and I’ll bet the report doesn’t even include the mass exodus of highly educated workers from the state leaving when all the jobs disappear. That’ll trigger another downward spiral on real estate prices as supply greatly exceeds demand. And still the bastards in Sacto refuse to cut spending AND the idiot populace passed all the spending bills two weeks ago. Santa Clara County just recounted the vote for the 1/8 cent sales tax hike to pay for BART to come down here. When I moved to CA in ‘73, we were already paying a special BART tax that never got the train close to Santa Clara County and here we are 35 years later still approving and paying BART taxes.
Is there any fiscal sanity anywhere in this country? Is the entire nation governed by blithering idiots?
Norm.... yes the Idiots have grown up and are now in charge....
“Is there any fiscal sanity anywhere in this country?”
NO
“Is the entire nation governed by blithering idiots?”
YES
any more questions?
No.
Look no further than the Federal mismanagement and Federal debt stretching out to the center of our galaxy.