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How Gov. Brown Ruined California in His First Term
Townhall.com ^ | May 25, 2012 | Mike Editorial

Posted on 05/15/2012 8:06:39 AM PDT by Kaslin

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To: jetson
"Calif is actually 35 billion in the hole when you factor in illegal alien give aways and hidden cost within the base line economic phony bookeeping."

The $35B number is much more likely. It's like the US debt is only $16T.

Back in 2008, the Dallas Fed president said the unfunded mandates for SS, Medicare, Medicaid was $99 TRILLION. It's WAY over that now. Add in today's debt which is closer to $20T (or more, since gov accounting lags by 18 months and is fudged beyond belief) and we're at $120 - $150 Trillion in debt.

41 posted on 05/15/2012 7:10:08 PM PDT by uncommonsense (Conservatives believe what they see; Liberals see what they believe.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Kaslin. The answer? A tax on deficit spending. Jobs (lack thereof): Unions, alleged schools, alleged teachers: Green is Red:
42 posted on 05/19/2012 8:56:14 AM PDT by SunkenCiv (FReepathon 2Q time -- https://secure.freerepublic.com/donate/)
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