Daniel Halliday
Feb 13 · Last update 4 days ago.

Is California financially unsustainable?

California has the largest economy of any state in the US and has a similar size economy by GDP to France or the UK. However, America’s Golden State also has a history of massive public spending, leading to huge budget deficits. The state is also suffering from a growing exodus, with people leaving California for a multitude of socioeconomic, and recently environmental, reasons. Some are expressing concern that this trend could lead the state down a path of economic decline. Why could California be in such bad financial shape? Is California financially unsustainable? en.wikipedia.org/wiki/Comparison_between_U.S._states_and_sovereign_states_by_GDP charismanews.com/opinion/63520-16-reasons-people-are-leaving-california-by-the-millions lao.ca.gov/Publications/Report/4111
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