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How big is the State debt? Not the deficit, the debt?
"We've grown numb to annual budget meltdowns - shortfalls of $20 billion have become the norm. But what is our state's total debt? Would you believe at least $265 billion?"
In reality, it could be more, "So how much is the Golden State in the red? At least $265 billion, and perhaps $737 billion, both greater than official state reports suggest."
According to former Assemblyman Joe Nation, this is because of:
Budget deferrals
General Obligation borrowing
Pensions and retiree health promises for state workers
California government has compromised the future of 38 million people. it is time for the voters to take back co Corruption is usually very hard to prove.
In the case of Barack Obama and the openly corrupt SEIU, it is staring us in the face.
"Three local chapters of the Service Employees International Union (SEIU)--whose political action committee spent $27 million supporting Barack Obama in the 2008 presidential election--have received temporary waivers from a provision in the Obamacare law....The waivers allow health insurance plans to limit how much they will spend on a policy holder’s medical coverage for a given year. Under the new health care law, however, such annual limits are phased out by the year 2014. (Under HHS regulations, annual limits can be no less than $750,000 for 2011, no less than $1.25 million in 2012 and no less than $2 million in 2013.)"
It should be noted that the SEIU spent millions to promote the creation of ObamaCare. They blackmailed Democrats into voting for it or they would not support Democrat congressional members for re-election.
We now know that there are death panels, health care rationing, a massive number of tax increases, including a "sales tax" on you house when sold...this is a job killer bill and the SEIU loves it--but not for themselves. Eventually, private insurance will die and the SEIU will start dying off and getting sick, thanks to the corruption of Obama and the SEIU..
More...
"We've grown numb to annual budget meltdowns - shortfalls of $20 billion have become the norm. But what is our state's total debt? Would you believe at least $265 billion?"
In reality, it could be more, "So how much is the Golden State in the red? At least $265 billion, and perhaps $737 billion, both greater than official state reports suggest."
According to former Assemblyman Joe Nation, this is because of:
Budget deferrals
General Obligation borrowing
Pensions and retiree health promises for state workers
California government has compromised the future of 38 million people. it is time for the voters to take back co Corruption is usually very hard to prove.
In the case of Barack Obama and the openly corrupt SEIU, it is staring us in the face.
"Three local chapters of the Service Employees International Union (SEIU)--whose political action committee spent $27 million supporting Barack Obama in the 2008 presidential election--have received temporary waivers from a provision in the Obamacare law....The waivers allow health insurance plans to limit how much they will spend on a policy holder’s medical coverage for a given year. Under the new health care law, however, such annual limits are phased out by the year 2014. (Under HHS regulations, annual limits can be no less than $750,000 for 2011, no less than $1.25 million in 2012 and no less than $2 million in 2013.)"
It should be noted that the SEIU spent millions to promote the creation of ObamaCare. They blackmailed Democrats into voting for it or they would not support Democrat congressional members for re-election.
We now know that there are death panels, health care rationing, a massive number of tax increases, including a "sales tax" on you house when sold...this is a job killer bill and the SEIU loves it--but not for themselves. Eventually, private insurance will die and the SEIU will start dying off and getting sick, thanks to the corruption of Obama and the SEIU..
More...