(Washington Examiner) State of California is piling up debt almost as fast as the federal government–Big states dominate the top 10 list with California being in the worst shape at $778 Billion in total debt.
ObamaCare makes matters even worse as ‘Covered California’ projects it will lose $78 Million beginning next year.
On the 14 May, 2012 I wrote here that California’s out of control economic crisis is a result of overly burdensome regulations, ever increasing taxes and out of control spending–the present economic catastrophe unfortunately was all too predictable and the only solution remains is a robust ‘supply side economic plan’ that will create incentives for real economic opportunity and expansion, resulting in an increasing tax base and new revenue streams.
Tweet