Newsom’s New Budget Is Not Affordable

Gov. Gavin Newsom (D-CA) has revealed California’s budget deficit was higher than estimated last week and now, the state’s Legislative Analyst’s Office says that Newsom’s new budget that accounted for that fact is not affordable.

Newsom’s New Budget Is Not Affordable (PHOTO: Orange County Register)

Newsom’s New Budget Project Is Getting Worse

Legislative Analyst’s Office stated that assist the state legislature on spending decisions, the projected budget deficit is $34.5 billion, more than the $31.5 billion that Newsom previously launched. The LAO also estimates California’s revenues will be $11 billion less than Newsom’s new budget projects expectations.

Moreover, the state will have to consider additional spending cuts than those in Newsom’s budget, which already only delivers spending raises to healthcare agencies and public schools while making cuts across the board, or raising taxes. California already has the fifth-highest tax burden in the US.

The Sacramento Bee reported that the burden includes an unresolved conflict over the federal debt limit, a significantly delayed tax filing deadline, and increasing interest rates. Any of which could tip the direction of the American economy, involving credit card debt, home loans, car loans, and the purchasing power of consumers.

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Califonia Is Getting Worse

Newsom’s media campaign against red states is all bluster to promote his own profile and distract from the fact that he is running into the ground about what should California as the best state in the country.

However, California has an ideal climate compared to, say, Texas or Florida, yet Newsom is overseeing enormous population losses as the state prices out middle- and lower-class families. California became a failing state because the man in charge takes no interest in making it more promising.

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