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California audit finds state is broke: $55 billion more owed than available
The Center Square ^ | 20 March 2024 | By Kenneth Schrupp

Posted on 03/21/2024 9:11:12 AM PDT by Red Badger

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1 posted on 03/21/2024 9:11:12 AM PDT by Red Badger
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To: Red Badger

Sounds like being financially broke has joined being morally broke.


2 posted on 03/21/2024 9:12:29 AM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
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To: Red Badger

The universities need to offer more courses in creative accounting.

Truthful accountants just cause trouble—the world needs accountants who are good at cooking the books.

;-)


3 posted on 03/21/2024 9:14:19 AM PDT by cgbg ("Our democracy" = Their Kleptocracy)
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To: Red Badger

It’s time for Babs and the Oprah to step up to the plate.


4 posted on 03/21/2024 9:15:25 AM PDT by ComputerGuy (Heavily-medicated for your protection)
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To: Red Badger

$55 billion. I guess they were bound to notice. I mean. anybody could overlook $40-50 billion.


5 posted on 03/21/2024 9:15:31 AM PDT by gundog ( It was a bright cold day in April, and the clocks were striking thirteen. )
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To: Red Badger

Maybe they should sue Trump. They can get a few billion from him for ... whatever.


6 posted on 03/21/2024 9:15:45 AM PDT by ClearCase_guy (It's not "Quiet Quitting" -- it's "Going Galt".)
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To: Red Badger

give the illegal aliens more free stuff that will help!


7 posted on 03/21/2024 9:16:20 AM PDT by TexasFreeper2009
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To: cgbg
the world needs accountants who are good at cooking the books

I never miss an opportunity to add Lacy Underall to a post. :)

8 posted on 03/21/2024 9:17:40 AM PDT by Magnum44 (...against all enemies, foreign and domestic... )
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To: Red Badger

No kidding. I thought it’s been broke for a couple of decades by now. Just more broke than, say, a couple of decades ago. I bet it’s more than 55 billion, too. Probably 2 to 3 times that when all future obligations are calculated. I’ve read that’s the case in Illinois. Another choice state run by Democrats forever. Oh well.


9 posted on 03/21/2024 9:17:46 AM PDT by john drake (Lucius Accius-Roman,170 BC - "oderint dum metuant" translated "Let them hate so long as they fear")
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To: Red Badger

Fiscal Sanity on parade:
$100 billion MORE for the choo-choo that will never run
$3 billion for healthcare for illegals
$X billion for zero-interest loans for illegals


10 posted on 03/21/2024 9:17:47 AM PDT by ProtectOurFreedom (“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
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To: ProtectOurFreedom

California: America’s version of Ukraine....................


11 posted on 03/21/2024 9:18:27 AM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: john drake

These figures are from 2022, so, yes, they are much worse now................


12 posted on 03/21/2024 9:19:20 AM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: Red Badger

Hey Gav- The only solution is to give illegals $139,000 per year per illegal like NY is doing- that’ll balance your budget in a big hurry=- no really- do it!


13 posted on 03/21/2024 9:20:04 AM PDT by Bob434
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To: Magnum44

Lacy Underall or Lacy Underwear?.....................


14 posted on 03/21/2024 9:20:21 AM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: Magnum44

“Madonna with meatballs…”

DeNunzio


15 posted on 03/21/2024 9:21:04 AM PDT by EEGator
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To: Red Badger

“...2021-2022 audited financial statement, 350 days past the filing deadline.”


Do the same people who count votes in California do the financial statements?


16 posted on 03/21/2024 9:23:20 AM PDT by hanamizu ( )
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To: TexasFreeper2009

“give the illegal aliens more free stuff that will help!”

Exactly. Funny how the state can come up with money for the illegal aliens. Also, this is what happens when the hard working people are leaving the state in droves.


17 posted on 03/21/2024 9:24:27 AM PDT by Parley Baer (.)
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To: Red Badger
Lacy Underall or Lacy Underwear?

Both preferably.


18 posted on 03/21/2024 9:26:17 AM PDT by Magnum44 (...against all enemies, foreign and domestic... )
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To: CatOwner

broke in every other way as well


19 posted on 03/21/2024 9:26:42 AM PDT by mo ("If you understand, no explanation is needed; if you don't understand, no explanation is possible)
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To: Red Badger

...350 days late.. so why aren’t the bondholders suing for failure of timely reporting and accounting?


20 posted on 03/21/2024 9:27:55 AM PDT by mo ("If you understand, no explanation is needed; if you don't understand, no explanation is possible)
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