justoffal
Diamond Member
- Jun 29, 2013
- 25,516
- 17,393
Wow, how fantastical. Are you on the right wing?California is dying rapidly....
JO
The economy of California is the largest in the United States, boasting a $3.2 trillion gross state product as of 2019. If California were a sovereign nation (2019), it would rank as the world's fifth largest economy, ahead of India and behind Germany.--https://en.wikipedia.org/wiki/Economy_of_California
It would also rank in the top ten likely to be totally bankrupt in the next five years or so.... How does it escape people that the outflow has to be less than the intake regardless of how big the intake is??? Did you ever take Algebra in Jr. High?
![www.aier.org](https://www.aier.org/wp-content/webpc-passthru.php?src=https://www.aier.org/wp-content/uploads/2018/05/california-fiscal-collapse-1200x630-cropped.jpg&nocache=1)
California Cities: Bankruptcy or Pension Cuts?
Californian cities such as San Bernardino, Stockton, and Vallejo have experienced bankruptcies over the past few years due to fast-rising pension costs.
![www.aier.org](https://www.aier.org/wp-content/webpc-passthru.php?src=https://www.aier.org/wp-content/uploads/2020/02/cropped-aiericon-32x32.png&nocache=1)
JO