XPost: sac.politics, alt.politics.usa.republican, sac.politics   
   XPost: alt.fan.rush-limbaugh, talk.politics.guns   
   From: verify@mimecast.com   
      
   On 19 Nov 2025, Gavin Newsom Blows Goats  posted   
   some news:20251119.100302.7e429495@mixmin.net:   
      
   > (The Center Square) - A new Reason Foundation report pegs California   
   > as the state with the nation's highest debt.   
   >   
   > The report found that the California state government carries more   
   > debt than any other state with $497 billion in liability. The findings   
   > stem from 2023, the most recent year for which complete data was   
   > available, according to the Reason Foundation, a think tank with   
   > offices in Washington, D.C., and Los Angeles.   
   >   
   > California’s state government debt pencils out to about $12,500 per   
   > Californian, the report found. However, if local government and public   
   > school district debt is added to the mix, the state’s total   
   > government debt jumps to more than $1 trillion - making each   
   > Californian’s share more than $27,000.   
   >   
   > “The state and local governments in California carries about $20,000   
   > of long-term debt per resident in the state ,” Mariana Trujillo,   
   > managing director of government finance at Reason Foundation and the   
   > report’s lead author, told The Center Square. “That’s a   
   lot of   
   > money that has only grown and is expected to only grow unless   
   > sustainable reforms and reasonable compromises are reached.”   
   >   
   > Much of the state’s burden stems from long-term debt, defined in the   
   > report as debt that is due in more than a year. That includes bonds,   
   > loans and notes, unfunded pension liabilities, unfunded retiree health   
   > care benefits and accrued leave payouts, according to the report. The   
   > report also goes on to explain that California’s unpaid bond debt   
   > totals $111.8 billion, making California the state with the most   
   > outstanding bond debt.   
   >   
   > The report comes months after the California Legislature passed a   
   > record $325 billion preliminary budget, much to the chagrin of   
   > Republican lawmakers who thought the budget the legislature passed in   
   > June was “destined for despair.”   
   >   
   > “This budget continues to overspend while hoping for a growth in   
   > revenue instead of cautiously preparing for the worst,” Sen. Roger   
   > Niello, R-Fair Oaks, told The Center Square in June.   
   >   
   > Spending is up in California 50 percent per capita since 2019,   
   > amounting to an increase of about $106.3 billion, The Center Square   
   > previously reported.   
   >   
   > Other states with high state government debt that neared the top of   
   > the list included New York, at $233.27 billion; Illinois, at $222.82   
   > billion; Texas, at $216.93 billion, New Jersey, at $213.35 billion and   
   > Massachusetts, at $120.09 billion. Elsewhere in the West, Washington   
   > state had the eighth highest amount of debt with $97 billion, which   
   > rises to $143 billion when school districts and local governments are   
   > added.   
   >   
   > “To do proper reform, that would ensure proper and full funding of   
   > public employee retirement benefits is a great step, and to curb   
   > expenses and better align expenses to revenues and prioritize the   
   > essential programs would be the next step in making strides to reduce   
   > the necessity to keep issuing bonds every year,” Trujillo told The   
   > Center Square.   
   >   
   > Members of the California Assembly and Senate who sit on budget and   
   > financial committees were unavailable to comment to The Center Square   
   > Friday. Also unavailable were representatives from the California   
   > Department of Finance, the Public Employees Retirement System, the   
   > California Debt and Investment Advisory Commission, and the California   
   > Debt Limit Allocation Committee.   
   >   
   > https://www.thecentersquare.com/california/article_7bd4514c-e859-4ad8-8   
   > 5c 9-d022b27f0259.html   
      
   Newsom is a criminal and should be strung up.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)