Only the Feds have the money/ability to borrow. Newsom spent CA’s surplus. Yes, it would enable more policies like this. For those involved in promulgating suc

Only the Feds have the money/ability to borrow. Newsom spent CA’s surplus. Yes, it would enable more policies like this. For those involved in promulgating such policies, that is the whole point. But even assuming they changed policy, I doubt SF can maintain basic govt operations without a bailout.