How is California simultaneously doing very well financially while also drowning in debt?

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I keep hearing those two (seemingly opposite) statements in the news and don’t know what to make of it. Help me!

In: Economics

3 Answers

Anonymous 0 Comments

California has been running a surplus for better part of a decade and only 14th in per capita debt. It makes it’s debt payments on time and still has money left over to save which puts it in a good spot financially. Someone probably has an agenda if they’re trying to tell you that California is drowning in debt.

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