POW!!! California $127 billion in the red
Holy understatement Batman! California is more than $127 billion in the red!
The California State Auditor recently released a report detailing California’s “net worth” as a state.
California is $127.2 billion upside down.
Holy helplessness Batman!
The Assembly Republicans California Budget Fact Check project explains: “As is a common annual practice in the business world, the Auditor totaled up all of the state’s unrestricted assets and income, and then compared them against the state’s liabilities to determine net worth. Factoring all of these things together, California had a negative net worth of $127.2 billion in 2011-12.”
Holy dilemma Batman!
The Budget Fact Check… Read More