Got to thinking about this - it doesn’t deal/mention the Pension hole that has been dug? In CA - the cities/counties are economically slaves to the State budget. With all of them filing bankruptcy, and the HUGE pension deficit Calpers has - I don’t think that shows up in these graphs.
Am I wrong?
RE: With all of them filing bankruptcy, and the HUGE pension deficit Calpers has - I don’t think that shows up in these graphs.
Yes, these UNFUNDED LIABILITIES are the canary in the coal mine. California is not (yet) Greece, but if this pension hole does not get fix, it will get there.
Bet they are NOT COUNTING kalifornias share of national debt and unfunded liabilities, which on a population basis would be about 1.5 trillion and 15 Trillion respectively...