https://www.politico.com/states/cal...7/california-faces-54b-budget-deficit-1282926
54 billion shortfall.
No more road left to kick this can down.
Awwww.......
54 billion shortfall.
No more road left to kick this can down.
Awwww.......
Looks like its belt tightening in a big wsy for Cali
- Thread starter Celticguy
- Start date
You realize that hurting the California economy hurts the national economy? Why do you hate America so much?
Poor dumbass doesn't know that California is basically the canary in the mine when it comes to the nation's economy. They have a larger economy than many countries do.
Darth Omar
Russian asset
They are the canary in the coal mine just not in the sense that you think.
CA is a poster child for out of control spending, hyper regulation, absurd pension plans for government workers and sanctuary cities.
This was inevitable. The only question was when the day would come.
I tried to tell florida fan that her welfare benefits would end up being reduced if the country truly tanked. She didnt believe me...LOL. She should take a look at what happened across Europe not all that long ago,....they had a name for it,...the cutting of benefits,....lets see if she is smart enuff to figure it out. Im thinking NO!...
Darth Omar
Russian asset
I tried to tell florida fan that her welfare benefits would end up being reduced if the country truly tanked. She didnt believe me...LOL. She should take a look at what happened across Europe not all that long ago,....they had a name for it,...the cutting of benefits,....lets see if she is smart enuff to figure it out. Im thinking NO!...
The only way any of that is going to work would be if as many people as possible are *working good paying jobs* and paying taxes. Bringing people into the country just to put them on benefits is literal insanity—if you are part of the class that is receiving benefits. They should be screaming and shouting about bringing jobs back from China instead.
But some of these same goof balls advocate the very things that kill jobs which puts their benefits at risk.
It’s mind boggling.
Im not hurting their economy. They did it to themselves.
The Beholden State is already begging Trump for money.
THE BEHOLDEN STATE
California has become the first state to borrow money from the federal government so it can continue paying out rising claims for unemployment benefits during the coronavirus pandemic.
The Golden State borrowed $348 million in federal funds after receiving approval to tap up to $10 billion for this purpose through the end of July, a Treasury Department spokesman said Monday.
The U.S. government also has approved loans of up to $12.6 billion for Illinois and up to $1.1 billion for Connecticut through the end of July to replenish state unemployment-insurance funds, though the two states hadn’t yet started borrowing by the end of April.
California was the only state to have accessed the program so far...
https://www.wsj.com/articles/california-is-first-state-to-borrow-from-federal-government-to-make-unemployment-payments-11588617257?mod=trending_now_5
Yes, it means less money for the federal coffers and the red states.
cawacko
Well-known member
Actually California is technically a "taker" state right now.
And it's funny too that you have people here actively rooting for the economy and the stock market to tank (because they believe it will hurt Trump). Yet California relies heavily on taxing the rich for its income and specifically capital gains tax from the stock market. So don't claim to care about Cali's economic position when rooting for what drives us to fail.
And it's funny too that you have people here actively rooting for the economy and the stock market to tank (because they believe it will hurt Trump). Yet California relies heavily on taxing the rich for its income and specifically capital gains tax from the stock market. So don't claim to care about Cali's economic position when rooting for what drives us to fail.