California Gov. Gavin Newsom (D) is proposing to dip into the state’s “rainy day” fund to help fill the hole that is the state’s $38 billion deficit — a stunning shortfall, given a surplus of nearly $100 billion that the Golden State had enjoyed just a year before. As Breitbart News has noted, California received shocking news at the end of 2022 when a $98 billion surplus, partly fueled by President Joe Biden’s “rescue” plan, collapsed into a $25 billion deficit. Later projections predicted an even larger deficit.