Married Man on 14Feb2010
Join Date: Jun 2001
Location: Fort Worth, Texas (North Side)
California is in the hole again
California's 3-week-old state budget is already out of balance, according to a report Friday by the nonpartisan legislative analyst, who said the state's revenue will fall $8 billion short of projections in the fiscal year that begins July 1.
I believe they will never get a handle on the problem as long as their jobs go to the underground economy while unemployment is going up on citizens. The people with means (the over taxed) are still leaving the state. The people that are on the government teat are becoming a larger percentage of the population.
If they do not do the things to correct the situation there I see California being the first Socialist state in the USA is implode. How much debt does California have that they federal government need to take over?