Are you sure about that ?

Most recent records I’ve seen show California with a 54 billion dollar budget deficit and more than a trillion dollars in unfunded pension liabilities.
Again despite having the highest tax burden in the nation. In fact if memory serves, Governor Newsom recently asked for another US taxpayer bailout.

Data from Forbes, Bloomberg and 2020 World Atlas. Look it up.

 

Oh you’re actually serious. So your argument about the state of California’s economic viability comes down solely to the rates on U Haul’s website? I’m gonna need more “facts” than that.


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Yes, I am 100% sure. California ran a budget surplus in 2019 and started 2020 with a $16.5 Billion dollar rainy day fund. Look it up. The purpose of a rainy day fund is to use it... for a rainy day. No doubt COVID will (and should) clear out that rainy day fund, but California is in a much better position than other states based on the mere fact that we started with such a large rainy day fund. Many other states did not have this luxury.

California gets a bad rap for having the largest (insert bad thing there) because we are by far the biggest state in the country. We have more people than the entire county of Canada. Our largest county has a population larger than 41 states. Of course we often end up with the largest (insert thing here). Right now we have the highest amount of COVID cases of any state. But does that mean California is the most dangerous place for COVID? No. Over the last week, we are #35 in the country for COVID cases per population, and we test more per capita than most states as well. You’re way safer here than most other states.

Bottom line. Last year California spent less than we took in and continued to save. We have debt, just like every other state should and does have, and we make predictable payments on it just like you do on your mortgage. California has the “most” debt, but in terms of dollars per capita and percentage of our overall budget, it is very normal. Conservatives would love to use these figures to show how California is “failing”, but then can’t figure out how our economy continues to grow, our population continues to grow, and we become the 5th largest economy in the world, overtaking Great Britain, which has nearly double our population. If you’re hoping California will “fail”, Don’t hold your breath.

 

The reddest states are also the poorest.

 

It is a canary in the coal mine. I am serious. It is not the root cause.

 

[QUOTE=iahflyr;3127664]Yes, I am 100% sure. California ran a budget surplus in 2019 and started 2020 with a $16.5 Billion dollar rainy day fund. Look it up. The purpose of a rainy day fund is to use it... for a rainy day. No doubt COVID will (and should) clear out that rainy day fund, but California is in a much better position than other states based on the mere fact that we started with such a large rainy day fund. Many other states did not have this luxury.

California gets a bad rap for having the largest (insert bad thing there) because we are by far the biggest state in the country. We have more people than the entire county of Canada. Our largest county has a population larger than 41 states. Of course we often end up with the largest (insert thing here). Right now we have the highest amount of COVID cases of any state. But does that mean California is the most dangerous place for COVID? No. Over the last week, we are #35 in the country for COVID cases per population, and we test more per capita than most states as well. You’re way safer here than most other states.

Bottom line. Last year California spent less than we took in and continued to save. We have debt, just like every other state should and does have, and we make predictable payments on it just like you do on your mortgage. California has the “most” debt, but in terms of dollars per capita and percentage of our overall budget, it is very normal. Conservatives would love to use these figures to show how California is “failing”, but then can’t figure out how our economy continues to grow, our population continues to grow, and we become the 5th largest economy in the world, overtaking Great Britain, which has nearly double our population. If you’re hoping California will “fail”, Don’t hold your breath.

Speaking of breath, perhaps you should take a deep breath. You appear triggered.

Whatever gave you the impression “ I’m hoping California will fail”. Completely false.
Indeed I hope every state does exceedingly well. Good for the economy . Good for the tax payer.

Actually I was just looking at facts and figures. For instance... were you aware that the credit rating for the state of California is second worst in the nation ? Tied with Michigan and Illinois. Only bested by New Jersey. Look it up.

But you’re right California ran a surplus for 2019. Great news. In fact most everyone did really well. Record low unemployment numbers, specially for minorities, record high savings for families and individuals. Sure 2019 was a great year.
I Wonder if the current administration deserves any credit for that.

 

Still waiting for those facts...


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You will need to take the initiate. Even if I took the time to look up the citation for reference, you would want to continue to belabor the point. So, if you take the initiative and look it up yourself, you will quietly come to the conclusion.

 

15+ years ago I needed to move from NJ to FL. The Penske truck was $2750 one way NJ -> FL or $250 FL -> NJ and came with unlimited miles. You can see where this is going.

I rented FL to NJ and did the drive up and down the east coast 4x. The total cost of the move was around $1100 after gas, tolls, and the one way ticket on AirTran. I did it in eight days, including packing the truck and unloading it! What a pain. In retrospect it was probably cheaper to just buy new stuff and just drive my car down.

A harbinger of things to come for NJ? Maybe. It's still there. CA will always be desirable due to its climate and terrain. Lots of international money flows into CA real estate as well.

 

Nice dodge chief. “There are facts to prove my point!”
Okay go on...
“Well you have to go find them.”


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