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To: roadcat

Why do you think the state is broke?

That’s curious.

CA has been reaping record tax revenues.


44 posted on 05/10/2021 7:06:48 PM PDT by Mariner (War Criminal #18)
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To: Mariner
Why do you think the state is broke?

Google "California budget problems" and you'll see many articles on budget woes. The temporary surplus won't cover all the problems. Several years of spending of reserves to prop up deficit areas, lack of maintaining infrastructure, over-reliance on federal funds and federal stimulus bailouts; it's all going to bode badly in the next few years. Just last year Newsom was begging the feds for federal funding. There are many reasons why us Californians want to recall Newsom.

45 posted on 05/11/2021 12:05:17 AM PDT by roadcat
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To: Mariner

California is broke because its state pension system is unfunded, which when combined with the generous pensions promised means they will be in bankruptcy in a few years. They should be saving the money for that instead of buying votes with the record revenues.


47 posted on 05/11/2021 10:45:29 AM PDT by Chicory
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