XPost: sac.politics, alt.politics.usa.republican, sac.politics   
   XPost: alt.fan.rush-limbaugh, talk.politics.guns   
   From: pothead@snakebite.com   
      
   On 2025-11-22, Michael Lobe  wrote:   
   > 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.   
   >   
      
   Yea but he might end up becoming the next POTUS.   
   Why?   
   Voters are morons.   
   They truly are.   
      
      
      
   --   
   pothead   
   Give a Democrat a fish and he'll eat all day.   
   Teach a Democrat to fish and......   
   He'll steal your rod   
   Take your wallet   
   Assault the fish &   
   Blame Trump.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)