- Moderator
- #1
Wealth distribution always ends up the same way, a tangled mess of unsustainable debt fueled by government and bureaucratic waste.
The proposed solution will, of course, be predictable. Raise more taxes!
The report says that the state’s negative status increased that year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated.
Gov. Jerry Brown has referred to the deficit and other budget gaps, mostly money owed to schools, as a “wall of debt” totaling more than $30 billion, the Sacramento Bee reported.
California in the red by $127.2 billion, state auditors say
The proposed solution will, of course, be predictable. Raise more taxes!