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Is California going broke?

California is spending more money and cutting little - do you think they are in trouble? They have 1/3 of the welfare in America. Will they go bankrupt?

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  • 9 years ago
    Favorite Answer

    Yes, California is broke. They spend tens of billions more than they take in every year. Their current debt is $265 Billion. Their per capita debt at $2,362 is second only to New York. Their real estate values are plunging so all taxes based on property values are plunging.

    Arnold Schwarzenegger was elected to try to address the problems, but he hasn't had much success. California's ultra-liberal populace is certain that government is the answer to everything. So pro-government candidates win most state district races.

    You would think that the rest of the country would notice how awful California is and behave accordingly, but they don't. Nancy Pelosi is still considered to be the top Democrat in the House. Harry Reid, Senate Majority Leader, is from Nevada, another bankrupt disaster state.

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  • 9 years ago

    Under Schwarzennegger, we did the very first round of budget cutting in America. We're already down to the bare bone. We have gone through prison closures, police layoffs, increased class sizes, fire station brown outs, and more.

    That said, its not possible for the State to go bankrupt, because the Feds pay our deficit each year.

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  • Anonymous
    9 years ago

    yah, cause the states run by gays and liberals who wanna give all citizen earned tax dollars to illegals in the name of tolerance and the ever growing popular movement of white genocide

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  • 9 years ago

    Going? no! Gone? Beyond any doubt!

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  • Gunny
    Lv 7
    9 years ago

    THOUGHT- that the great Arnold was going to solve all of Cacophony,,,problem's....

    Source(s): G0P solutions...
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  • 9 years ago

    What do you mean "going" they already are broke.

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  • Anonymous
    9 years ago

    THE WHOLE COUNTRY IS GOING BROKE !!

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