California Economic Crisis –Daryl Cagle Cartoons
(California Political News) In one month, California’s cash deficit increased from $9.6 Billion to $16.2 Billion the budget shortfall was covered by internal (raiding other accounts) and external borrowing.
During Gov Jerry Brown’s ‘State of the State’ address in January Brown claimed, that California had confronted its critics by erasing decades old deficit and praised the Democratic controlled state legislature for the state’s economic and budgetary turnaround while promising lying about “living within our means” as the key to the future.
Riiight…
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