October 23, 2021

California faces largest-ever budget deficit at $54.3 billion (Total=$75 Billion)

“Government and the media will never tell you the truth. Guv Newsom is claiming to look at a $53 billion deficit. What is a deficit? That is spending more money than you take in. In the case of California, the claim is $53 billion. The actual number is $75 billion—that is the $53 billion over revenues PLUS the $21 billion in Reserves. Why don’t they account for the spending of the reserves?”

California faces largest-ever budget deficit at $54.3 billion (Total=$75 Billion)