This headline and link are from a national source 12 months ago:
California faces a staggering $54 billion budget deficit due to economic devastation from coronavirus
This one is from last week:
California scores staggering $75B budget surplus
What changed? A torrent cash from the federal government and the Federal Reserve Bank, which are now joined at the hip. We wrote about it here as have many others. Staggering, indeed. Staggering madness. You will pay for it either through taxes or inflation.
-Mark Glennon
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
As inflation heats up it will be interesting to see how long Biden admin hangs on to all its MMTer freinds
The price to be paid for Dem vote buying efforts. Consequences are not only economic. They are buying a one party system gateway to Communism