By 2017 California May Have $7.2 Billion in Rainy Day Fund? Only If You Still Believe in Fairy Tales

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(LA Times) California’s finances are reportedly in a “decidedly positive” position and by the Summer of next year analysts say, the state could have $7.2 Billion socked away in a rainy day fund.

“The state is enjoying very good fiscal health right now,” said Mac Taylor the state’s top legislative analyst in an interview. “It can withstand certain negative economic situations in the future.”

Only if one is gullible to believe such gobbledygook given its current $426+ Billion in debt but for those who still do ‘Believe’ California’s Fiscal Outlook by the Legislative Analyst’s Office — I have some prime ocean front property in the Mojave Desert that I can let go cheap.

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