DEFICIT = $16 Billion
... the deficit is the short-fall for just this year
... then next year it’s another 16-20 billion ... and more the year after that ... and so, and so on. California has a serious problem with simply saying “no” because its politicians are gutless
Oh, I agree and understood that. It makes one just want to go out and buy some Kallie Municipal Bonds and wait and see how long it takes to get stiffed like the premium bond holders with GM were. They are going to pay a high price for their ‘caring’. Much of the rest of this country could care less what happens there.