Steve Ridges
Stunt Coordinator
- Joined
- Jul 26, 2000
- Messages
- 180
First, lets try to keep this from turning political and pointing fingers. My question is rather simple. I keep hearing about several states that have a huge budget crisis. I think California is around 38 billion. Can someone explain how a state can get that far into debt? Is it real debt or only something on paper? How are figures like this calculated? The way some people make it sound is like a state has a checking account somewhere that's 38 billion overdrawn. Surely thats not the case right? Are there state employees that aren't getting paid? My state of WA is around 4 billion in the red yet we still have police, fire, etc. and seem to be functioning just fine. I'm sorry if this is a stupid question but please leave the politics out of your responses and help me understand.
Thanks,
Steve
Thanks,
Steve