“I could have sworn I had another $73 billion around here somewhere,” California Gov. Gavin Newsom, possibly.
$73 billion is the size of California’s budget deficit this year, a deficit bigger than the annual budgets of 41 other states. It’s at times like these — another is when you wake up in a location you don’t recognize without your pants — that the people involved in creating the mess must ask themselves, “How the hell did that happen?”
Well, as it turns out, not even California’s hardcore progressives have figured out a way to spend the same money twice. Not for lack of trying, mind you.
I’ve covered California’s financial woes in at least one previous column [VIP link!] but this morning a telling new detail came across my desk so juicy that I have to share it.The fact is that before finding themselves in a $73 billion hole, […]
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