4 ms·
Since the state has like 350 billion in deficit, they should consider that first.
by vondur 4y ago
Since the state has like 350 billion in deficit, they should consider that first.
- wahern 4y agoDo you mean debt? Or are you referring to some sort of projected, aggregate deficit?
- thghtihadanacct 4y agoWe got projects to pay for. How many big budget organizations out there dont hold debt? Lets look at the Feds debt while we at it, or apples. Luckily, this 100B surplus is just from this year and that debt gets paid over time ... mostly to people in california.
- gumby 4y agoApple’s debt was entirely to avoid taxes: they had cash overseas and wanted to pay a dividend, but repatriating that cash in order to pay it out would have been expensive, so they simply borrowed against it.
- vondur 4y agoWell, the two large California pension systems are both each underfunded for over 100 billion each.
- smileysteve 4y agoA surplus inherently means there is not a deficit