No Gavin, it’s not $38 billion, it’s not even $58 billion

[cardcrimson]

The budget deficit for this fiscal year is $73 billion, well over your estimate of $38 billion. California miracle, indeed. . . .

https://news.yahoo.com/california-budget-deficit-worse-anticipated-222103715.html

[Beeg_Dawg]

Questions you will never get answers to at a press conference.
“Gov Newsome, for the tax payers of California, how do you explain missing on your budget forecast by a factor of 2? Secondly, what is your plan to eliminate the deficit?”

[Mick1]

To me, this is a good news/bad news situation. Bad news…this is really bad news for California. California’s budget in 2023 was $300 billion. They’ve overspent (and undercalculated tax revenue) by a significant amount, a scary amount reallyi. They are going to have to cut spending (hah!) and raise taxes to the point that it will have a material impact on the quality of life for those of us unfortunate enough to live here. And it’s all Gov. Newsom’s fault. Which leads to the good side…

Gavin Newsom should never be able to run sucessfully for office again, particularly for the nation’s highest office. This financial debacle is Exhibit 1A proof that Newsom doesn’t know what he’s doing. His level of financial incompetence nothing short of breathtaking. The University of Arizona started firing senior decision makers when they were 10% off of projections. Newsom is 25% off on the negative side.

How could he — how could anyone — be so incompetent, so 0ff-target?

Audaces fortuna iuvat

[Author]

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