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Newsom Says California Went From Surplus To 'Tens Of Billions In Deficit' In Weeks, Won't Get By Without Federal Help


               
2020 May 3, 3:41pm   1,094 views  15 comments

by WillPowers   follow (4)  

California Governor Gavin Newsom (D) says the nation's most populous state has flipped from 'tens of billions in surplus' to deficits over the course of weeks.

With 30 million unemployment claims filed since the coronavirus pandemic resulted in the shutdown of broad swaths of the economy, states are reporting that they'll need at least $1 trillion in aid from the federal government - which has already doled out over $2.2 trillion in relief for business loans, stimulus checks, expanded unemployment benefits and small business assistance.

"I’m doing everything I can to work with cities and counties, but we are not going to be in a position, even as the nation’s fifth-largest economy, to provide for the needs of all the cities and the counties without federal support," said Newsom.

SEE: https://www.zerohedge.com/economics/newsom-says-california-went-surplus-tens-billions-defecit-weeks-wont-get-without-federal

Yet, Newsom found the money to give every illegal aliens $500.00 each.

SEE: https://www.foxnews.com/politics/california-newsom-coronavirus-stimulus-checks-illegal-immigrants

Comments 1 - 9 of 15       Last »     Search these comments

1   Dholliday126   2020 May 3, 4:06pm  

Agreed, they get $$ if they nuke their existing golden plated bullshit pensions. If not, then F off and die a slow death.
2   FortWayneHatesRealtors   2020 May 3, 5:22pm  

How are they goi g to give money to illegals if they don’t know who is an illegal.

Probably a scam. Money will go to some private entity responsible for distribution of the money, money will go into politicians accounts, few thousand will be spent to pretend they did something... nice scam.
3   MisdemeanorRebel   2020 May 3, 5:54pm  

Told ya this shit was gonna happen.

First step: Government pension reform needed to qualify.

Mandatory: Put it on the Teacher's Union to run the pension, state will only absolutely guarantee $1000/month. The taxpayer will make a modest contribution of 3% of pay but anything else AFT/Whomever has to organize contributions and manage the investments. ALL of the medical is on the Union, they can charge whatever dues necessary.

$1000 month + Soc Sec is fine for security. Oh, also must retire to California or forfeit 33%. The must put some water back in the well. Should be the law for all gov pensions - you gotta retire in-state. No more blue gov employees jacking up wages and pensions, then fleeing to low/no tax Red States, fucking everybody over who contributed to their retirement.
4   clambo   2020 May 3, 6:31pm  

I don't think the USA taxpayers want to subsidize the illegals in California that Newsom takes such good care of.
5   Ceffer   2020 May 3, 6:38pm  

Like, Duhhhhhhhh, Gavin, but gotta keep those people off the beaches.

Do you really think there is going to be sympathy in the Federal Government for the whiney little shit who has basically said no Federal law or Federal law enforcements apply to him or his state? He should be arrested along with any number of Dem apparatchiks in Cali who thumb their nose at those laws and the Constitution.

Isn't this what Dems are best at: focussing on SJW trivia and edicts, while they think they can just go back to strangle the golden goose for more eggs?
6   RC2006   2020 May 3, 7:07pm  

CA shot themselves when the gave money to illegals and protected them.
7   RWSGFY   2020 May 3, 7:53pm  

Feds must demand the sanctuary state to be abolished before even talking to the fuck about any kind of relief.
8   Reality   2020 May 3, 9:08pm  

Here is simple solution to the state financial deficit: line up all the names in the state payroll in descending order of their annual salary, then lay off from the top of the list, one at a time, till the remaining total outlay matches the current state tax revenue.
9   WillPowers   2020 May 4, 5:41pm  

How about we end the sanctuary state status and deport any non-citizen. That would deplete the homeless population and take out the dead-weight on our social welfare system?

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