Reply to "Cal State campuses will not open this fall, fall sports cancelled, UC schools may follow"

RJMHSBaseballWeb member since 2007

@MTH posted:
When Arnold left California was facing a 27 billion dollar deficit. Jerry Brown balanced 8 straight budgets, and left with a 6 billion surplus. Maybe Washington should take the lead from California.

Most stares have balanced budget amendments. How much of the debt balancing is one the back of CalPers (IOUs) ? States do accounting tricks that would get a normal accountant thrown in jail.

“CalPers debt now stands at an all-time high $146 billion, an average of more than $11,000 per California household.”

This is more than the annual tax revenue generated.

5/13/203:23 PM

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