California Budget Revision $45 Billion: Paul Preston & Guest Chriss Street

Paul Preston with Guest Chriss Street on California’s Financial Crisis discusses the massive California Budget Deficit that is bringing the state of California to its knees.Typical of the Newsom administration, the first 90 pages of the103-page May "Revi" are dedicated to spending, and only about 12 pages disclose revenue projections where Newsom admits the trade war will cause a “growth recession” that will increase state inflationary costs and negatively impact state revenues.

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