SD Rebel
Spends too much time on here
In fact they are still in massive debt. Just because you take liabilities off your budget doesn't mean they go away... Which is exactly why the taxes are still so high and will continue to rise.
No, California's Finances Are Not Back In Black
Despite claims that California has a budget surplus, the truth is that Golden State taxpayers are on the hook for more than $1 trillion in unfunded pension liabilities.www.forbes.com
Those bastards and their media slide of hand!!! Though, not sure if that makes California unique in their financing compared to other states or in fact the United States.