Posted on 11/16/2022 5:15:48 PM PST by ChicagoConservative27
The State of California will suffer a $25 billion deficit in 2023-2024, despite enjoying a record-setting $98 billion budget surplus this year, according to new analysis from the nonpartisan Legislative Analyst’s Office.
The new projections, released Wednesday, come just over a week after elections in which Democrats, including Gov. Gavin Newsom (D), were reelected to every statewide office after a year of lavish public spending.
The Legislative Analyst’s Office explained that the deficit could be even worse, if a recession is particularly bad (original emphasis):
(Excerpt) Read more at breitbart.com ...
Damn spell check. Not “Hoof”. “Hopf. Hopf!” Dammit!
I am growing to detest technology lately...:(
How? Politicians never saw a dollar they couldn’t spend or steal.
Gavin’s hair gel bill came due.
Wait a minute. Gruesome Newsome just said a couple months ago that the Cauliphonyans had a $45B dollar surplus. What the ....?
Newsom is going to be our next President unless we get out sh*t together. Emphasis on together. We don’t have a big tent. That means we need Rinos, unfortunately. I’m with most of you who are outraged that our Senate just kept the Turtle as minority leader. Right now we have got to get Walker over the goal line. Please donate directly to his campaign right now. For you holier than thou people in Georgia who don’t want to vote for him because of what the AP and ABC has told you..screw it, this is war. Warnock is true evil!
Will the Dems be able to dump a halfrican woman in favor of a straight white guy? If nothing else it will be fun to watch.
Dr Warren is a hero of mine. The man doesn’t receive nearly enough love from this country.
Yes they will. Easily. They will talk her into going along “with it”.
That’s a bingo!
Bingo, you nailed it, it’s most likely due to non
existent realized capital gains that Ca will be
seeing a deficit. Tech stocks had a great run in
2020, but a horrible 2022...Some tech stocks down
as much as 60 percent or more.
The earth turns.
The sun keeps shining.
Newsome lies.
“How the hell is this possible? “
SPENDING your way out of a Tech recession.
Spend, spend, spend.
Then MORE spending.
Ok, so what happened to $123B? Gavin Noisome’s hair gel budget?
“ They are not broke. This projection was put out to urge agencies to conserve so as to not have to dip into reserves.”
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That may or may not be true. But in either case it wasn’t in the linked Breitbart story. You must have a link documenting that that is the reason for the projection. Surely you wouldn’t just make that up out of thin air?
This is America, except there’s never a surplus, just debt.
If ‘you own nothing’ then somebody else owns YOU.
“But in either case it wasn’t in the linked Breitbart story. You must have a link documenting that that is the reason for the projection. Surely you wouldn’t just make that up out of thin air?”
Nope. I got it from the BB article.
Having grown up in a (somewhat) stable post WW II USA, whoever would have predicted this?
I have a book in my library “The Roots of American Stability.” I bought it years ago in a used book store and never read it. It might be an interesting book to read now.
That book might be golden, I suggest you read it and report.
.
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