- KotakuInAction2

posted 4 years ago by NihilistCaregiver 4 years ago by NihilistCaregiver +32 / -5

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– browarrior1950 -9 points 4 years ago +1 / -10

California's economy, with a gross state product of $3.0 trillion, is the largest sub-national economy in the world. If it were a country, California would be the fifth-largest economy in the world,

https://en.wikipedia.org/wiki/California#cite_note-16

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▲ 12 ▼

– w-duranty6489 12 points 4 years ago +12 / -0

And yet it is most in debt.

Most curious.

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▲ -9 ▼

– browarrior1950 -9 points 4 years ago +1 / -10

I guess the debt is manageable because California brings in a lot of money

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▲ 9 ▼

– w-duranty6489 9 points 4 years ago +9 / -0

It's manageable because Cali isn't paying, especially pensions lmao

Cali supposedly earns 5 trillion, why can't they pay 1.05 trillion?

https://www.forbes.com/sites/adamandrzejewski/2020/05/19/why-california-is-in-trouble--340000-public-employees-with-100000-paychecks-cost-taxpayers-45-billion/

Despite California's $54 billion budget deficit and $1 trillion unfunded pension liability, there are 340,390 government ...

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