California’s financial system, which is propped up by Democrats as the model the rest of the country should be following, is completely unsustainable. Even California Gov. Gavin Newsom is now acknowledging that fact.
California’s budget deficit has risen another $10 billion, bringing the shortfall to almost $31.5 billion. Newsom’s updated budget proposal makes cuts almost across the board, with only public schools and healthcare agencies receiving increases. In his previous plan, the state would be making cuts to climate change programs, despite it being such a dire crisis, according to Newsom himself.
That is what makes California fair and “equitable,” but it also means that the state operates at the whims of wealthy residents. When those residents leave, California’s tax pool begins to dry up. In 2021, the state lost nearly $30 billion in taxable revenue.Others are talking about it -- we are doing it.
It's no wonder the new Administration is using CA's progressivism as their roadmap to success. https://t.co/TCOi6uzkHP — Gavin Newsom January 19, 2021 The kicker, though, is that this supposedly fair system does not make the state more equitable. In fact, California has one of the largest gaps between high- and low-income families in the country. California has the highest poverty rate in the country, a disproportionate amount of the country’s homeless population, and the lowest literacy rate in the country.All the while, Newsom spends his time boasting about how high the state’s gross domestic product is.
Simply put, California’s system does not work for most Californians. Newsom himself admits that it is not a sustainable, reliable way to run a state. California is a state run by liberal elites for liberal elites and no one else. Its deficiencies are a feature, not a bug, which is why Newsom hasn’t bothered even to pretend there are any problems as he lobbies for the country to adopt California’s unsustainable, unequal model.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
California's budget deficit has grown to nearly $32 billion, Gov. Newsom saysCalifornia's budget deficit has soared to nearly $32 billion, Gov. Gavin Newsom said.
Read more »
Gavin Newsom's reparations experiment backfires as 2024 speculation swirlsCalif. Gov. Gavin Newsom, who is often floated as a 2024 White House contender, has found himself in a political predicament as President Biden's job approval ratings sink to a career low.
Read more »
Gavin Newsom Backtracks: Open to Cash Reparations for Slavery, After AllCalifornia Gov. Gavin Newsom (D) now says he is open to the idea of cash reparations for slavery, after he indicated several days ago he was opposed to the idea, which was recommended by his own task force on the issue.
Read more »
California Republican slams Newsom for backing off of his reparations proposalCalifornia Gov. Gavin Newsom has come under fire after he shied away from throwing his support behind slavery reparations up to $1.2 million for black residents recommended by his reparations task …
Read more »
Winners and losers in Newsom’s California budget deficit planWe sat down with AsmNguyen to discuss how her background and family influence her, her thoughts on Gov. Newsom’s battle with oil companies and more. 📝: lynnlaaa 📸: José Luis Villegas
Read more »
Newsom loses 'no matter what he does' on reparations, says GOP lawmakerGov. Gavin Newsom (D-CA) is seemingly in a lose-lose situation surrounding racial reparations, according to one California lawmaker.
Read more »