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Shock: California Projects $25 Billion Deficit — After $98 Billion Surplus
Breitbart ^ | 11/16/2022 | Joel B Pollack

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 ...


TOPICS: Business/Economy; Culture/Society; Front Page News; Government; Politics/Elections; US: California
KEYWORDS: california; californication; deficit; newscum; projects; surplus
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To: ProtectOurFreedom

Damn spell check. Not “Hoof”. “Hopf. Hopf!” Dammit!

I am growing to detest technology lately...:(


41 posted on 11/16/2022 5:47:16 PM PST by rlmorel (Nolnah's Razor: Never attribute to incompetence that which is adequately explained by malice.)
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To: ChicagoConservative27

How? Politicians never saw a dollar they couldn’t spend or steal.


42 posted on 11/16/2022 5:51:25 PM PST by Blood of Tyrants (Inside every leftist is a blood-thirsty fascist yearning to be free of current societal constraints.)
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To: ChicagoConservative27

Gavin’s hair gel bill came due.


43 posted on 11/16/2022 5:53:48 PM PST by Qiviut (I'm not out of control, I'm just not in their control. $hot $hills: Sod Off)
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To: ChicagoConservative27

Wait a minute. Gruesome Newsome just said a couple months ago that the Cauliphonyans had a $45B dollar surplus. What the ....?


44 posted on 11/16/2022 5:59:48 PM PST by FlingWingFlyer (You can vote your way into socialism but you have to shoot your way out. Remember that Snowflakes!)
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To: ChicagoConservative27

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!


45 posted on 11/16/2022 6:02:29 PM PST by willk (Local news media. Just as dangerous as national media.)
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To: willk

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.


46 posted on 11/16/2022 6:05:29 PM PST by nascarnation (Let's go Brandon!)
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To: rlmorel

Dr Warren is a hero of mine. The man doesn’t receive nearly enough love from this country.


47 posted on 11/16/2022 6:08:12 PM PST by skeeter
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To: nascarnation

Yes they will. Easily. They will talk her into going along “with it”.


48 posted on 11/16/2022 6:11:52 PM PST by willk (Local news media. Just as dangerous as national media.)
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To: Alberta's Child

That’s a bingo!


49 posted on 11/16/2022 6:13:04 PM PST by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: irishjuggler

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.


50 posted on 11/16/2022 6:15:01 PM PST by psjones (u)
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To: ChicagoConservative27

The earth turns.

The sun keeps shining.

Newsome lies.


51 posted on 11/16/2022 6:22:14 PM PST by blueunicorn6 ("A crack shot and a good dancer” )
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To: ChicagoConservative27

“How the hell is this possible? “

SPENDING your way out of a Tech recession.

Spend, spend, spend.

Then MORE spending.


52 posted on 11/16/2022 6:32:36 PM PST by Mariner (War Criminal #18)
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To: ChicagoConservative27

Ok, so what happened to $123B? Gavin Noisome’s hair gel budget?


53 posted on 11/16/2022 6:32:59 PM PST by Disambiguator
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To: TexasGator

“ They are not broke. This projection was put out to urge agencies to conserve so as to not have to dip into reserves.”
***************************************************************************

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?


54 posted on 11/16/2022 6:36:06 PM PST by House Atreides (I’m now ULTRA-MAGA-PRO-MAX.)
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To: ChicagoConservative27

This is America, except there’s never a surplus, just debt.


55 posted on 11/16/2022 6:38:46 PM PST by Theoria
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To: ClearCase_guy

If ‘you own nothing’ then somebody else owns YOU.


56 posted on 11/16/2022 6:41:22 PM PST by MeganC (There is nothing feminine about feminism. )
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To: House Atreides

“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.


57 posted on 11/16/2022 6:44:51 PM PST by TexasGator (!!!)
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To: rlmorel

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.


58 posted on 11/16/2022 6:45:07 PM PST by ProtectOurFreedom (If you're not part of the solution, you're just scumming up the bottom of the beaker!)
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To: ProtectOurFreedom

That book might be golden, I suggest you read it and report.


59 posted on 11/16/2022 6:46:55 PM PST by Scott from the Left Coast (Make Orwell Fiction Again)
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To: ChicagoConservative27
.... Wait 'till the Public actually finds out that Commiefornia is in the hole with over $1.6 trillion in unfunded liabilities ..... Truth Matters

.

60 posted on 11/16/2022 6:48:55 PM PST by R_Kangel ("A nation of sheep will beget a nation ruled by wolves")
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