Trump To California: Give Us Our $3.5 Billion Back For That 'Green' High-Speed Rail

Apples and pomegranates.

 

That's what was said a out the auto industry bail out.

 

Paper surplus, not real surplus. In real terms, California owes trillions that doesn't have a plan to address. California has 1.4 trillion in pension obligations. Real state debt is north of 2 trillion.

 

Why do so many people have such a hard time understanding the difference between a debt and a deficit?

A surplus does not mean you do not have a debt, and a debt does not mean you do not have a surplus. In fact, every state that has a surplus still has a debt. Basically what a surplus means is you have a shrinking debt, and what a deficit means is you have a growing debt. Of course it is possible to be debt free and run a surplus, but it's very rare. There are no states in the US that are debt free, and the only countries in the world who are debt free are city states and/or they are not independent countries.

 

Have you ever been involved in the procurement process? I have daily. I'd be happy to explain to you how government has absolutely screwed this process costing billions of dollars.

 

Cool.

I have a 50k a year surplus, because I stopped paying mortgage.

Sure, that's true, but what's the point of that discussion? California offers TRILLIONS of dollars in liabilities. Their few billion in surplus means nothing. They are drowning in debt.

 

A surplus means they have a shrinking debt rather than a growing debt. Effectively, a surplus is how you resolve the issue of a debt

 

Not necessarily.

Pensions have a rate of "funding", meaning how much the liability is growing or shrinking. Government defers debt payment all the time, which means a surplus may be coupled with additional growing liabilities.

 

Even if debt payments were to be deferred, the debt wouldn't grow unless the state proceeded to spend more than the revenue it was able to bring in.. which is not the case

 

Lol. Of course they do.

 

California declared war against the federal government after Donald Trump won the election.

Jerry Brown, Gavin Newsom and California's State Attorney General Xavier Becerra have all publically announced they were going to fight the executive branch of the federal government, (Sedition)

In violation of the California Constitution the Brown administration hired former Obama's Attorney General Eric Holder as an adviser on how to wage war against the Trump administration. "The Resistance"

The Republicans in the California state legislature couldn't do jack **** about it since California is a totalitarian state, one party rule.

Already California's Attorney General Becerra has filed 46 lawsuits in the name of obstructionism against the Trump administration. -> https://thehill.com/regulation/cour...he-trump-administration-46-times-here-are-the

Obvious that neither "Moonbeam" Jerry Brown, Gavin Newsom, reconquista socialist Xavier Becerra and 3/4 of the California state legislature know history.

Back in 1860 the Democrats lost the Presidential election and many states in the South came down with Lincoln Derangement Syndrome (LDS) The reaction wasn't pretty, obstructionism and sedition against the federal government and it was rightout bloody costing the lives of 620,000 Americans.

California with liberals and progressives in control have come down with TDS and they think obstructionism and resistance is the way to take down the executive branch of the federal government.

History has shown us, California is going to lose in the endgame.
California is no match against the United States and the federal government.

 

Not at all.

 

Only if the surplus is the result of reduced spending. CA taxes have gone up and the surplus is merely a symptom of government overreach. They will just end up finding a way to spend more.