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California / Re: California Becomes the State With the Highest Debt as Reliance on Taxpayers Backfires
« Last post by PeteS in CA on Today at 05:25:43 pm »Last I heard, the debt was somewhere around $60B, not $21B...someone's cooking the books.
The State of California has been cooking the books for so long that the books have transitioned from "hammered" to "whole burnt offering". $$ gets shuffled from one budgetary area to another. Gas tax and DMV fee $$ that should be used for road/highway building and maintenance has been funneled into Sacred Mass Transit boondoggles for decades (think Moonbeam 1.0). Teachers' and state employees' pension funds have been underfunded for decades.
This is a big part of why I was and am so POed that R Mo-o-o-o-o-oooooooderates ego-stroked Ahnold the RINO into running for governor in the Gray Davis recall. State Rep Tom McClintock would have won instead, and he knew where every budgetary skeleton-closet was and where every budgetary body was buried. Ahnold the RINO was a budgetary invertebrate!