Quote:
Originally Posted by dbussone
The surplus to which you refer is a sham.
..."it looks like California Gov. Jerry Brown isn’t going to have to put up too much of a fight to secure his fourth term in the state’s executive office — but one of the biggest signs of the success of his governorship to which he’s constantly pointing for his campaign is a basically fake budget “surplus” of a few billion dollars and an ostensibly “balanced budget” that he supposedly engineered. As David Crane at Bloomberg aptly notes, the state’s progressive Democratic coalition is less about responsible governance than it is about some tricky accounting methods that are in no way an honest portrayal of the state’s tremendously problematic long-term fiscal and economic outlook:"
California budget
Shocking, simply shocking. [emoji12] |
Apparently you are not as impressed as some with the turnaround in California's economy. The 8th largest economy in world (bigger than Russia). Take that Putin!
California's budget surplus soars to new heights; schools to benefit - San Jose Mercury News