Californians Learn Consequence Of Newsom’s Spending Spree - Will all of America be next?

[RicoSuave102954]

California is facing a budget crisis with a projected record deficit of $73 billion, as reported by the Legislative Analyst’s Office.

The deficit increase is attributed to a $24 billion revenue erosion, leading to a $15 billion rise in the budget problem.

“The actual increase in the state’s budget problem will depend on a number of factors, including formula-driven spending changes, most notably Proposition 98 spending requirements for schools and community colleges,” the report read.

The state’s population has been declining, with many residents leaving for states like Texas, Arizona, Florida, and Washington.

MSN

 

[HawkeyeShawn]

America is next? The U.S. set the standard for spending beyond our budget. Newsome is just copying America’s financial plan. He’s perfect for DC.

 

[onlyTheObvious]

Don’t they have about $1.5 trillion in underfunded pension debt or something like that?

 

[RicoSuave102954]

Don’t they have about $1.5 trillion in underfunded pension debt or something like that?

Cali is bankrupt and at the rate the scum is coming over the border and setting up shop in Cali the State is doomed.

 

[DogBoyRy]

Don’t they have about $1.5 trillion in underfunded pension debt or something like that?

Yep
Interest rates , people leaving and inflation will only make it worse.

 

[Finance85]

Gavin has style though. Style rules over substance.

 

[LuciousBDragon]

Heard state spending is all on-hold and any new requisitions require Newsome’s approval through the current state fiscal year.

What a time to be alive.

 

[markfromj]

Duh.

 

[RicoSuave102954]

Heard state spending is all on-hold and any new requisitions require Newsome’s approval through the current state fiscal year.

What a time to be alive.

So Sad and he hasn't even gotten his 25 million dollars per person reparations in place.

 

[Finance85]

Heard state spending is all on-hold and any new requisitions require Newsome’s approval through the current state fiscal year.

What a time to be alive.

Gavin has apparently embraced working remotely. I guess reacting, though not as good as being proactive, is better than nothing. Good thing California can't print money.

 

[LuciousBDragon]

Gavin has apparently embraced working remotely. I guess reacting, though not as good as being proactive, is better than nothing. Good thing California can't print money.

It’s all good. He is ordering his state workers back while he keeps things balanced and work remote.

https://www.sacbee.com/news/politics-government/the-state-worker/article285212212.html

 

[Finance85]

It’s all good. He is ordering his state workers back while he keeps things balanced and work remote.

https://www.sacbee.com/news/politics-government/the-state-worker/article285212212.html

Right. It makes sense for Gavin to work remote cuz Joe needs some propping up at the White House. I doubt Gavin showed up there by accident.