1 Jul 2022 6:09 pm
HERE...I READ THE ARTICLE FOR YOU....Holdor » 01 Jul 2022, 5:56 pm » wrote: ↑ You are mistaken Calif actually has a Budget Surplus, and Pays its Loans, unlike Trump who get the work done then declares he is unable to pay and declares chapter 11 Bankruptcy.
A conservative estimate of California’s total debt by the California Policy Center in a 2017 study – before new tax and bond obligations recently voted in were factored – puts California’s total local and state debt at $1.3 trillion. The Stanford University Pension Institute (www.pensiontracker.org) in 2017 calculated California’s unfunded liability at $1.4 trillion and CalPERS also with an unfunded liability of $1.4 trillion, with CalSTRS billions underwater as well to give, “real state debt of $2.8 trillion.”