Do you know the difference between deficit and debt?
No, you do not.
You are referring to a deficit or surplus as it relates to the annual budget.
DEBT refers to the accumulated money owed.
Like if you were earning, net, $50,000 a year, and spending $ 49,000... good, a surplus! But have a credit card debt of $300,000. And interest rates are going up...
What is California's DEBT? And please include the pensions owed... debt over / under is $950 billion.
$632,420,420,632.00
And somehow they just keep on rocking out there on that other coast