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CA Borrows Billions from the Federal Government
Will this presidential election be the most important in American history?
The State of California’s entitlement spending is unsustainable.
According to the Associated Press:
“With one in every eight workers unemployed and empty state coffers, California is borrowing billions of dollars from the federal government to pay unemployment insurance.”
As California continues to sink deeper into debt, I doubt progressive Governor-elect Jerry Brown has the capacity to reign in California’s out of control spending.
It’s outrageous that citizens living in fiscally responsible states have to bail out irresponsible California.