Quote:
Originally Posted by whell
Yes, I read it. So, please tell me, genius: how is it possible to run a "surplus" when the state has over $83 billion in debt? And those select enlightened sages in the CA legislature don't want to refund it to the tax payers. They don't want to use it to retire the debt. They want to SPEND it.
More Clintonesque budgetary slight of hand, the equivalent of paying your Visa with your Master Card.
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You have yet again proven your economic ignorance. It's kinda like saying that if you have a mortgage, you are bankrupt. I hate to break it to you, but annual deficits/surpluses are different than total debt (i.e., you can have an annual operating surplus, but still have debt). Stick to what you understand, though that seems to be precious little.
05-14-2018, 08:02 AM
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