California Defaults On $18.6 In Debt

[SaxonJackson]

More failure from the Democrat Party and its band of highway robbers.

California Defaults On $18.6 Billion In Debt, Saddling Employers With The Expense​

"The state should have taken care of the loans with the COVID money it received from the government in 2021," said Marc Joffe, policy analyst at the Cato Institute—a public policy think tank headquartered in Washington, D.C., in a statement to the Epoch Times.

In the state's proposed 2023-2024 budget, $750 million was allocated to start paying down the loans, until Governor Gavin Newsom nixed the provision in early January, leaving businesses in the state responsible for the loans, as mandated by federal regulations - so that the federal unemployment tax rate of .6 percent will increase by .3% per year starting in 2023 until the loan is extinguished."

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Newsome couldn't run a lemonade stand ... let alone an entire state. But how else will he find the cash to pay all of those recently freed "slaves."

 

[Godboy]

More failure from the Democrat Party and its band of highway robbers.

California Defaults On $18.6 Billion In Debt, Saddling Employers With The Expense​

"The state should have taken care of the loans with the COVID money it received from the government in 2021," said Marc Joffe, policy analyst at the Cato Institute—a public policy think tank headquartered in Washington, D.C., in a statement to the Epoch Times.

In the state's proposed 2023-2024 budget, $750 million was allocated to start paying down the loans, until Governor Gavin Newsom nixed the provision in early January, leaving businesses in the state responsible for the loans, as mandated by federal regulations - so that the federal unemployment tax rate of .6 percent will increase by .3% per year starting in 2023 until the loan is extinguished."

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Newsome couldn't run a lemonade stand ... let alone an entire state. But how else will he find the cash to pay all of those recently freed "slaves."

...and this is happening just when they are about to spend billions on "reparations" too.

 

[SaxonJackson]

...and this is happening just when they are about to spend billions on "reparations" too.

They have to pay for that crap somehow. Why not make small business foot the bill? True Marxism in action.

 

[Auld Phart]

guess that puts reparations on the backburner.

 

[OhPleaseJustQuit]

More failure from the Democrat Party and its band of highway robbers.

California Defaults On $18.6 Billion In Debt, Saddling Employers With The Expense​

"The state should have taken care of the loans with the COVID money it received from the government in 2021," said Marc Joffe, policy analyst at the Cato Institute—a public policy think tank headquartered in Washington, D.C., in a statement to the Epoch Times.

In the state's proposed 2023-2024 budget, $750 million was allocated to start paying down the loans, until Governor Gavin Newsom nixed the provision in early January, leaving businesses in the state responsible for the loans, as mandated by federal regulations - so that the federal unemployment tax rate of .6 percent will increase by .3% per year starting in 2023 until the loan is extinguished."

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Newsome couldn't run a lemonade stand ... let alone an entire state. But how else will he find the cash to pay all of those recently freed "slaves."

.

Slowest suicide the world has ever seen.

.

 

[OhPleaseJustQuit]

guess that puts reparations on the backburner.

.

Are you kidding? They're now waving $200 million per in their gullible faces!

.

 

[Harry Dresden]

perhaps they knew they couldnt afford the reparations,but wanted blacks to feel good, and will now use this to say the reps will have to be postponed...

 

[Moonglow]

Got a real source, I bet not.

 

[Thunk]

I was just going to post this but ya beat me to it.

18.6 BILLION ain't no chump change for a STATE! This ain't federal we're talking about!

 

[Ringo]

California Defaults on $18.6 Billion Debt, Now Businesses Have to Pay

California borrowed approximately $20 billion from the federal government to cover unemployment benefits during the pandemic, and with ...

www.theepochtimes.com

I hope this doesn't negatively affect the desire for a million-dollar reparations for every black person in California?

 

[theHawk]

More failure from the Democrat Party and its band of highway robbers.

California Defaults On $18.6 Billion In Debt, Saddling Employers With The Expense​

"The state should have taken care of the loans with the COVID money it received from the government in 2021," said Marc Joffe, policy analyst at the Cato Institute—a public policy think tank headquartered in Washington, D.C., in a statement to the Epoch Times.

In the state's proposed 2023-2024 budget, $750 million was allocated to start paying down the loans, until Governor Gavin Newsom nixed the provision in early January, leaving businesses in the state responsible for the loans, as mandated by federal regulations - so that the federal unemployment tax rate of .6 percent will increase by .3% per year starting in 2023 until the loan is extinguished."

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Newsome couldn't run a lemonade stand ... let alone an entire state. But how else will he find the cash to pay all of those recently freed "slaves."

Funny how California defaulting isn’t that big a deal, but a Federal one would be the end of the world.