California Debt/ counties

(Ep552) Siyamak sits down with John Moorlach, former California State Senator and Orange County Supervisor. He talks about the latest report on how California's counties and cities are doing financially, why the state is late in providing the reports, and what the impact of those counties' performance is. Based on what Mr. Moorlach found, 55 out of 58 counties are running balance sheets that are currently "upside down"—meaning they have greater liabilities than they can pay. "We have close to 200 billion in unrestricted net deficit," Mr. Moorlach says. Furthermore, tardy financial reporting means "the legislature and the governor are signing budgets without even having solid financial data on how their state is running." (This is a 12 min highlight. To watch the full episode, please go to our channel on EpochTV https://bit.ly/CAI-JohnMoorlach or Gan Jing World https://bit.ly/GJW-CAI-JohnMoorlach) California County Financial Rankings : https://www.theepochtimes.com/opinion/elected-county-auditor-controllers-behaving-badly-5503459 Orange County Cities' Financial Rankings https://www.theepochtimes.com/opinion/orange-county-cities-financial-rankings-for-2022-are-here-5306603 Southern California City Rankings: https://www.theepochtimes.com/opinion/how-does-your-southern-california-city-rank-on-fiscal-health-5410295 Bay Area Cities Rankings: https://www.theepochtimes.com/opinion/largest-bay-area-cities-rank-poorly-on-financial-health-5513688 Ep552 How California's Counties Are Performing Financially, and Why It Matters | John Moorlach #californiainsider -------------------- This episode is sponsored by Yrefy. Start your investment today on 👉 http://INVESTYREFY.COM -------------------- 🔵 Subscribe to our new(old) channel: https://bit.ly/CaliforniaInsiderShow 🔵 Check out our new website 👉 https://CaliforniaInsider.com 🔵 Watch our documentary "Leaving California": https://LeavingCalifornia.com 💟 Support us: https://donorbox.org/CaliforniaInsider 🔵 Sign up for our newsletter: https://CAInsiderShow.com/ ⭕️ Follow us on GAN JING WORLD: https://bit.ly/GJW_CA