5/22/2024
ttps://www.msn.com/en-us/news/politics/california-residents-erupt-after-state-can-t-account-for-24-billion/ss-BB1mRfGw?ocid=msedgdhp&pc=U531&cvid=504c629b34f24a089c2ce909135ced91&ei=59
The rest of the story – state of California can’t account for 24 billion? What gives?
*****
ttps://www.msn.com/en-us/news/politics/california-residents-erupt-after-state-can-t-account-for-24-billion/ss-BB1mRfGw?ocid=msedgdhp&pc=U531&cvid=504c629b34f24a089c2ce909135ced91&ei=59
4/18/2024
Is Newsom practicing on how Biden runs the government?
California Gov. Gavin Newsom (File)© Tampa Free Press
California Is Taking On Huge Debts To Pay Jobless Workers As Its Deficit Gets Bigger© Tampa Free Press
California is billions of dollars in debt to the federal government to pay for its unemployment insurance trust at a time when the state’s expenses far exceed its income.
The state’s government owes almost $21 billion to the federal government at an interest rate of around 2.6%, according to the Treasury Department. California borrowed the funds after a surge in unemployment which began during the COVID-19 pandemic, which sent the state’s employment trust into insolvency, according to The Los Angeles Times.
The state’s debts are adding more pressure to the California budget, which is already in disarray, paying more than $650 million in interest on the loan already, with another $50 million due in September, according to the state’s Employment Development Department.
Governor Newsom in hot water?
To keep the safety-net program operating at a time when the taxes paid by employers and earmarked for jobless benefits are insufficient, Sacramento has been borrowing billions of dollars from the federal government. The debt now stands at about $21 billion and growing, an increasing burden for state deficit fighters and for the businesses that pay into the jobless insurance program.
4/17/2024
ttps://www.msn.com/en-us/money/markets/gov-newsom-and-california-show-why-liberals-can-t-be-trusted-with-the-economy/ar-BB1lLFkA?ocid=msedgdhp&pc=U531&cvid=f31361b0ef8146c1b60465dd8604064c&ei=41
Rumor has it that the democrats are going to stick it to the people by INJECTING Newsom to replace Biden in the election this year.
With an approval rating of 40’s in CA – don’t think that horse is going to limp into home base with a win unless they cheat again.
It was only a matter of time before California’s economy reacted to failed tax hikes, hefty regulations and liberal policies.
ttps://www.latimes.com/politics/story/2023-11-07/new-poll-finds-california-voters-disapprove-newsom-performance-governor
And, if he runs as Pelosi’s nephew – that won’t work either since she is in the same column as Hillary for being a “disgusting” liberal.
kommonsentsjane
kommonsentsjane 