So Californai is on the road to recovery. How many years will it take the State to eliminate its debt of $34 Billion? Like the US, California has run up a huge debt.
CA Gov. Jerry Brown state budget deficit disappears but debt remains - Silicon Valley Business Journal
"California Governor Jerry Brown on Thursday morning declared that the state will have an $851 million budget surplus by the end of the 2013-2014 fiscal year if state legislators approve his proposed budget.....
The state still has more than $34 billion in outstanding debts."
With the ridiculous taxes and other assorted "fees" in California, how the hell do they not have a huge surplus every year? If they do go one year with a surplus (or even just simply a balanced budget), that hardly makes them a model for any state to follow, unless you're stupid.
Proclaiming that California's deficit is now gone and that they are showing anyone the way that things should be done, is just idiotic. There probably are other state legislatures who are stupid and think that California is a good example of how things should be done though.
Facebook IPO will boost state revenue - SFGate
Those who don't know really shouldn't speak out - it just makes them look really stupid.
And by the way they didn't get anywhere near the 1.5 billion in - income tax revenue
they expected from the rich kids - one of them even left the country due to our tax
"What difference" "does it make?"