The once-Golden State is headed next to Calizuela.
That keeps being said, but it’s till the 5th leading GDP producer in the world.
Now the media in the state is a silent accomplice in all this, so it doesn’t bother to report on California’s actual debt.
I know they have addressed the pension fund, but I believe they did that to get the state to bail out anything it can.
Who knows how bad things actually are, but so far it’s not out there in the public.
Yes, we suspect it’s really really bad, but that isn’t confirmed for us.