Tweet
Thanks to Arnold, California lost the opportunity to steal $550 million from the Federal taxpayers.
"When they closed in September, though, California had spent just over $1.2 billion, leaving nearly $550 million untouched.
One of the main reasons California didn’t spend the money? Other states got to it faster. See, the federal government set the combined spending limit for states at $6.7 billion. But it only put $5 billion in the pot.
That means there had to be winners and losers, in terms of who completed the spending spree with an empty wallet and who hit the time limit with money left unspent. You can see how each state did, in terms of spending, here. (And, to be fair, it's worth noting that California had a far larger allotment than any other state.)"
This is what happens when you have an amateur in charge. Less than 65 days to go.
More...
"When they closed in September, though, California had spent just over $1.2 billion, leaving nearly $550 million untouched.
One of the main reasons California didn’t spend the money? Other states got to it faster. See, the federal government set the combined spending limit for states at $6.7 billion. But it only put $5 billion in the pot.
That means there had to be winners and losers, in terms of who completed the spending spree with an empty wallet and who hit the time limit with money left unspent. You can see how each state did, in terms of spending, here. (And, to be fair, it's worth noting that California had a far larger allotment than any other state.)"
This is what happens when you have an amateur in charge. Less than 65 days to go.
More...