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Besides the deficit Sacramento admits to, are other funds they refuse to note. This includes almost $10 billion in lost lawsuits. Then you have borrowed money, not noted
The State has borrowed $7.5 billion from the Feds to keep our unemployment checks moving. In June the unemployment fund spent $538.9 million more than it took in. July will be just as bad. Oh, to pay this back will take an increase in the payroll tax--causing more unemployment.
California is in deep trouble--unpaid lawsuits, deficits, borrowings--we "borrowed" $20 billion just to keep the State open--that includes $12 billion stolen from Trust Funds!
California is in a Depression. We need a Regime change on November 2.
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The State has borrowed $7.5 billion from the Feds to keep our unemployment checks moving. In June the unemployment fund spent $538.9 million more than it took in. July will be just as bad. Oh, to pay this back will take an increase in the payroll tax--causing more unemployment.
California is in deep trouble--unpaid lawsuits, deficits, borrowings--we "borrowed" $20 billion just to keep the State open--that includes $12 billion stolen from Trust Funds!
California is in a Depression. We need a Regime change on November 2.
More...