Liar Asshole Alert
Gavin Newsom is a Stone Cold Liar
- The Coronavirus did not cause an economic slowdown. Democrats putting the entire state under House Arrest and forcing businesses to close tanked the economy - - - - - and then, shock, with no one working taxes were not being paid to the treasury.
- After deliberately destroying the economy, Democrats want the Feds to bail them out with printing press money.
(Bloomberg News) - California Governor Gavin Newsom said the economic slowdown caused by the coronavirus pandemic has left the state with a budget deficit that will reach into the “tens of billions” of dollars in the coming fiscal year.
Newsom, a first-term Democrat, is scheduled to revise his budget proposal by May 14 with the latest estimates on revenue and spending. In January, he proposed a $153 billion general-fund budget that increased spending by about 2% from the current year that ends June 30 and socked away about $5 billion more into rainy day funds.
“Last year I did a May revise with a $21.4 billion budget surplus,” Newsom said Friday during his daily briefing on the state’s response to the outbreak. “This year I will be doing a May revise looking at tens of billions of dollars in deficit. We just went tens of billions in surplus in just weeks to deficits.”
The shortfall could total $35 billion.
Bloomberg.com
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