Happy Talk From State Controller Hides Growth in California Cash Deficit—Currently $14.7 Billion—June it was $2.4 billion
The Guv and Controller are “proud” of the revenues of the State. Sadly, they and the media are not mentioning the CASH DEFICIT of the State.from the State Controllers Press Releases. These numbers are from the State Controllers Press Releases:
Cash Deficit at the end of June $2.4 billion
Cash Deficit at the end of July $10.9 billion
Cash Deficit at the end of Aug. $12.4 billion
Cash Deficit at the end of Sept. $14.7 billion
Do deficits count? We are borrowing money from Wall Street and stealing from Trust Funds—a little more each month. Brown is moving into the Arnold range of deficits–$14.7 billion, any guesses on what it will be next month?
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