The Briefing Room

State Chapters => California => Topic started by: DemolitionMan on October 31, 2017, 08:18:39 am

Title: California’s economy is humming, so why does high poverty persist?
Post by: DemolitionMan on October 31, 2017, 08:18:39 am
BY DAN WALTERS

Gov. Jerry Brown persistently cautions Californians that their pulsating economy cannot last forever.

When, for example, he unveiled a revised state budget last May, he included what has become boilerplate, warning that “by the time the budget is enacted in June, the economy will have finished its eighth year of expansion – only two years shorter than the longest recovery since World War II. A recession at some point is inevitable.”

http://www.sacbee.com/opinion/california-forum/article180903936.html