It turns out that California's budget gap is only 16th largest percentage-wise (user search)
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  It turns out that California's budget gap is only 16th largest percentage-wise (search mode)
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Author Topic: It turns out that California's budget gap is only 16th largest percentage-wise  (Read 1099 times)
Sbane
sbane
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« on: January 17, 2011, 12:09:36 PM »
"OMGZ California is collapsing. I can't wait to move to a real murican state like Arizona or Nevada. Those Mexicans have ruined California!!!!!1111111111"
[/average city data forumite]
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Sbane
sbane
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« Reply #1 on: January 17, 2011, 02:36:47 PM »
« Edited: January 17, 2011, 02:45:37 PM by sbane »
Quote from: phknrocket1k on January 17, 2011, 02:13:09 PM
%'s are irrelevant. Its the absolute dollar amount that matters.

The more revenue and expenses you have, the easier it gets to cut big amounts. For example, $12 Billion are slated to be cut from the budget this year, and obviously the state is still spending a good amount. Many states don't even have a budget that big.

Or does it have something to do with the bond market, and how it reacts to state debt?
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