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The state is another $10 billion in the red, bringing the deficit to $31.5 billion. Wealthy residents are fleeing, the rich/poor disparity is highest in California, and California has — by far — the nation’s largest homeless population.
Gavin Newsom admits that the California system is unsustainable (msn.com)
Audaces fortuna iuvat
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$68 billion structural deficit. Unfunded retiree health insurance liabilities of $150 billion. Estimated pension deficit of $1 trillion+. State’s wealthiest residents fleeing. Proposed additional taxes on individuals with $1 billion and $50 million of net worth. Health care coverage for illegal immigrants including gender reassignment surgery. 302,000 illegal border crossings into the USA in December alone, 2.4 million in 2023.
Newsom says deficit will “only” be $38 billion, not $68 billion. I feel much better.
California’s insane spending means epic debt and maybe an unpleasant surprise for wealthy residents
At least fast food workers will be making $20/hour.
Why are fast food prices going up in California?
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Fire sale on all Ron DeSantis merch today! https://t.co/BAXE7PUSTP
— Gavin Newsom (@GavinNewsom) January 21, 2024
Complete lack of self-awareness.
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