How can CA be billions (360!) in debt and have a budget surplus? Balancing it with "assets" (301) that leaves them only 60 billion (more or less) in debt.
Oh, yeah- the usual political, especially Dem., "It is what we say it is".
if they had a huge hole in their budget last year..
and a bunch of companies were shut down last year so tax revenues are down..
and hundreds of thousands of people and numerous corporations have left California over the past 6-months....
how do you generate a surplus...
oh wait, your ant gave you billions of dollars...
fed for a day....
