Gavin Newsome turned a huge budget surplus into a deficit in just 1 year

Rust_Cohle

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Nov 6, 2021
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There never was a surplus. Democrats in California have been doing this for decades. They are always surprised when it gets bad.

Clever accounting and wishful thinking give California a yearly projected surplus. It's not real. Overjoyed with this projected windfall, the politicians spend it. Then they are surprised by the deficit.
 
There never was a surplus. Democrats in California have been doing this for decades. They are always surprised when it gets bad.

Clever accounting and wishful thinking give California a yearly projected surplus. It's not real. Overjoyed with this projected windfall, the politicians spend it. Then they are surprised by the deficit.

Sorta like Bill Clinton's imaginary surplus
 
There never was a surplus. Democrats in California have been doing this for decades. They are always surprised when it gets bad.

Clever accounting and wishful thinking give California a yearly projected surplus. It's not real. Overjoyed with this projected windfall, the politicians spend it. Then they are surprised by the deficit.
I can't remember too many years there has not been a deficit in California...
 
In 1993, President Clinton and Vice President Gore launched their economic strategy: (1) establishing fiscal discipline, eliminating the budget deficit, keeping interest rates low, and spurring private-sector investment; (2) investing in people through education, training, science, and research; and (3) opening foreign ...

The Clinton Presidency: Historic Economic Growth - The White House


There was never a surplus or balanced budget.

They even teach that in economics
 

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