http://www.usdebtclock.org/state-debt-clocks/state-of-california-debt-clock.html
1/2 trillion and growing
1/2 trillion and growing
How much in debt are the California governments? That’s hard to know too. According to a January 2017 study, “California state and local governments owe $1.3 trillion as of June 30, 2015.” The study was based on “a review of federal, state and local financial disclosures.”
In other words, that $1.3 trillion in debt is the amount to which California governments admit. Other studies believe it to be more. Indeed, one study says it is actually $2.3 trillion and a recent Hoover Institute stated that there is over $1 trillion in pension liability alone, or $76,884 per household. Incredibly, there are 4 million current pension beneficiaries, a number that continues to grow and which exceeds the total population of 22 states.
What’s the right number? Apparently, it is so large it is hard to accurately estimate. In every case, the number is staggering.
In other words, that $1.3 trillion in debt is the amount to which California governments admit. Other studies believe it to be more. Indeed, one study says it is actually $2.3 trillion and a recent Hoover Institute stated that there is over $1 trillion in pension liability alone, or $76,884 per household. Incredibly, there are 4 million current pension beneficiaries, a number that continues to grow and which exceeds the total population of 22 states.
What’s the right number? Apparently, it is so large it is hard to accurately estimate. In every case, the number is staggering.
Majority of California Residents Want to Leave: Poll
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Tony Hisgett / Flickr / CC / Cropped
14 Feb 2018
3:04
A new poll reveals that 53% of California residents are considering leaving the Golden State because of the high cost of living.
The “Trust Barometer” poll, by Edelman Intelligence, was conducted January 4-20 among 1,500 California residents, with a margin of error of 2.5%. A special oversample of 400 tech workers in the San Francisco Bay Area was also conducted, with a margin of error of 4.8%.
The results are sobering. Nearly two-thirds, 62%, of respondents said they believed the best days of California were in the past.
In addition, more than two-thirds, 68%, of Californians, believe the tech industry has been under-regulated — up 6% from 2018. That proportion is slightly higher among tech employees, 69% of whom think their industry has been under-regulated. 58% of Californians said the tech industry should be more regulated, up 12% from last year.
Nearly three-fourths of residents, 72%, say “cost and availability of housing is a very serious issue for California” — rising to 76% in the Bay Area.
And 62% of residents say “homelessness is a very serious issue for California. The proportion in the Bay Area is the same.
SFGate.com notes: “It appears the housing and homelessness crises have led to a pessimistic outlook.”
It adds (original links):
The trend is backed up by much of SFGATE’s past reporting. We’ve spoken with people who’ve left California for the Pacific Northwest, Texas and Denver — all popular destinations for Bay Area ex-pats. Nearly everyone we talked to cites the high cost of living as the primary reason they left. Others were looking for a slower pace of life, lower taxes, less traffic and more time with family.
There have been other signs of the California exodus. In December, it was revealed that one of the most frequently Googled questions in California last year was “Should I move out?”
California passed the United Kingdom last year to become the fifth-largest economy in the world, behind only the U.S. as a whole, China, Japan, and Germany.
The Bay Area was also found to be leading the nation in outward migration, meaning more people are leaving the region than moving in. However, most people who moved out of the Bay Area didn’t go to far; the number one destination was Sacramento, followed by Los Angeles, Seattle, Portland and San Diego.
Joel B. Pollak is Senior Editor-at-Large at Breitbart News. He is a winner of the 2018 Robert Novak Journalism Alumni Fellowship. He is also the co-author of How Trump Won: The Inside Story of a Revolution, which is available from Regnery. Follow him on Twitter at @joelpollak.
https://www.breitbart.com/politics/2019/02/14/majority-of-california-residents-want-to-leave-poll/
The problem is the dumbass people wanting to leave will bring the failed liberal policies with them...infiltrate the good states, and boom the cycle repeats once liberals start getting voted into office.
Texas real estate is booming, so many California middle and upper middle class are moving there.
AGAIN: what is the actual DEBT in California, we all know that they artificially balanced the budget (they say) for a while, but what is the documented DEBT with and without unfunded state pensions? Does anybody have an official number?
AGAIN: what is the actual DEBT in California, we all know that they artificially balanced the budget (they say) for a while, but what is the documented DEBT with and without unfunded state pensions? Does anybody have an official number?
https://www.forbes.com/sites/thomas...ons-california-is-unsustainable/#6d1893eb3a23
Forbes 10 months ago.
Debt might be > $2 trillion depending upon accounting assumptions.
Forbes 10 months ago.
Debt might be > $2 trillion depending upon accounting assumptions.
QFT, this guy still got game
For now they stay but it is on a sharp downward death spiral, upper middle class people are leaving in droves, too, not just mid-middle class. Companies are leaving right and left.
And it is not safe, there is rampant violent crime in many areas and is spreading.
CA is doomed. Already est $2 trillion in debt + pensions + infrastructure overhaul + more.
The only question is "when" they will start begging for federal bailouts AND EVERYTHING. The Dem liars in charge are running a ponzi scheme economy and social structure that is suicide. Free healthcare, for all?
Now this proposed gem...SB 233
"This bill would prohibit the arrest of a person for a misdemeanor violation of the CUCSA or other specified sex work crimes, if that person is reporting a crime of sexual assault, human trafficking, stalking, robbery, assault, kidnapping, threats, blackmail, extortion, burglary, or another violent crime. The bill would also state that possession of condoms in any amount, in and of itself, is not probable cause for arrest for specified sex work crimes"
https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200SB233
"This bill would prohibit the arrest of a person for a misdemeanor violation of the CUCSA or other specified sex work crimes, if that person is reporting a crime of sexual assault, human trafficking, stalking, robbery, assault, kidnapping, threats, blackmail, extortion, burglary, or another violent crime. The bill would also state that possession of condoms in any amount, in and of itself, is not probable cause for arrest for specified sex work crimes"
https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200SB233
