A new report says California's debt for State and local governments is now about $850 Billion. For perspective, the annual budget is about $100 billion. Gee, only 8 years of no public spending to pay it off.
See here: Report-californias-actual-debt-set-at-848b-could-pass-1.11trillion
But here is some good news. It seems the general public has more smarts than our politicians: Poll-most-californians-favor-saving-budget-surplus-over-spending
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