California moves from surplus to deficit as tech stocks plunge

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California is looking at a $20 billion deficit as tech layoffs and losses slam the state's finances. robtfrank reports.

 

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robtfrank Newsom is going to unironically run for president as his state collapses and people are going to vote for him😩

robtfrank The hole will only get bigger under current administration

robtfrank WOW, $10 Trillion eviscerated; it will take some time for the after-effects to play out in the economy entirely. grateful that I'm still employed!

robtfrank 😂

robtfrank How did they go from a huge surplus and tons of stimulus checks to being in the hole for $20 billions?

robtfrank Lol

robtfrank Convient timing

robtfrank Just wait until reparations are approved!

robtfrank So much for that surplus.

robtfrank

robtfrank Good

robtfrank Biden’s economic plan is working!

robtfrank Sure, but we’re still California.

robtfrank Yet GavinNewsom hasn't said a word. He's busy taking pictures next to water puddles. I'm sure when he's done trying to bash Republican states that are doing great he might mention it. Lol no he will not.

robtfrank Ha ha. Right. Its always about revenue and NEVER about spending. Never.

robtfrank Don’t worry the illegal aliens there will get everything they want who cares about citizens

robtfrank Being a leader in Santuary has not proved profitable

robtfrank What a difference 18 months makes...

robtfrank But hey California is still giving away money. 🤷🏻‍♂️

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