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About That Surprise California Budget "Surplus"; There is No Surplus
invite response
2013 Feb 19, 4:01am 886 views 6 comments
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1
Tenpoundbass
2013 Feb 19, 8:14am
Tenpoundbass
2013 Feb 19, 8:14am
Well surprise surprise...
I was wondering how they pulled that off on a Monday, just after last Friday they were bitching about fiscal problems.
2
HEY YOU
2013 Feb 20, 10:15am
Governments= Smoke & mirrors,misdirection,BS.
They do have a naive prey.
3
Patrick
2022 Nov 18, 6:12pm
Patrick
2022 Nov 18, 6:12pm
https://californiaglobe.com/fr/california-facing-25-billion-budget-shortfall-next-year/
That surplus was due to the goosing of the stock market by Wuhan Virus "relief" and an accommodating Fed. Those things are now gone.
A Legislative Analyst’s Office report released on Wednesday found that California revenue is $41 billion below expectations, likely resulting in a massive $25 billion shortfall in the upcoming 2023-2024 state budget. The LAO recommends lawmakers start cutting the budget when they begin the January session.
Minus a severely affected budget by the COVID-19 pandemic a few years ago that had a $54 billion deficit, California claimed budget surpluses in recent years. This includes last years’ massive $97.5 billion surplus...
That surplus was due to the goosing of the stock market by Wuhan Virus "relief" and an accommodating Fed. Those things are now gone.
4
Ceffer
2022 Nov 18, 6:32pm
Ceffer
2022 Nov 18, 6:32pm
Poor Mish. He took some punishment around here. However, when you are reliably, assertively wrong about just about everything economic, that's bound to happen. I wonder if his losing streak has persisted?
5
Al_Sharpton_for_President
2022 Nov 19, 11:13am
Al_Sharpton_for_President
2022 Nov 19, 11:13am
Mish posted here? I had enough of that imbecile when he was advocating for second-class treatment of the non-vaccinated at hospitals.
6
HeadSet
2022 Nov 19, 11:29am
HeadSet
2022 Nov 19, 11:29am
Mish also banged the drum about having roads full of self-driving cars by 2018, or 2020 at the latest.
About That Surprise California Budget "Surplus": There is No Surprise and No Surplus Either
http://globaleconomicanalysis.blogspot.com/2013/02/about-that-surprise-california-budget.html
Mish