State Debt

Torrance CA

Description

Here is the financial condition of the State This is not caused by Covid 19 State 40 million population unemployed 6.5 million Food stamps 4.7 million GDP. 53Billion Debt. 556 billion Debt to GDP rate. 19% In state revenue 616 B spending. 672B Debt per person. 14,600 in truth using Moody's the state owes 1.3 trillion dollars. You can not have a surplus if you OWE. unless someone has changed accounting rules.