OK CA has a budget surplus if you forget about thier debt. Just the CA government workers pension debt is about 1 trillion dollars. Those in charge ain't talking about that. CA is ranked DEAD LAST in budget transparency! CA's budget is, as usual, full of tricks and questionable accounting. One of the more dubious ploys involves borrowing from special funds. This year, there’s a proposal to borrow $6 billion (with a “b”) from the state’s Surplus Money Investment Fund to reduce the unfunded liability of the state’s pension fund, PERS!
Other things to think about. CA has the largerst number of people on "public assistance. They have 39.5 million people of which 30% are on the take. That's a little more than 11.8 million people. That's over twice the population of KY. I case you haven't been following the news businesses and people a fleeing CA. He's the trick. Businesses take jobs with them as they leave. And the folks fleeing the state? Those with enough income paying taxes. Can you tell that this is a system that's going to eventually collasps like a house of cards? It just isn't sustainable. Funny thing is CA's population is stable in numbers. Where it's in trouble is that most of the new arriavals need public assistance while most of those who are leaving do not. Fella from CA that I talk to claims that in his area there are about 60 applicants for each open job position. Other areas of the country there are jobs and not enough workers.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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