Properly Subversive: California’s remarkable fall into deficit spending and what’s with the silly idea of ‘chestfeeding’?

Sherman R. Frederick/Properly Subversive

How did California Gov. Gavin Newsom take the state from a $100 billion surplus, to a $73 billion deficit? 

Well, the Hoover Institute’s Lee Ohanian states the obvious:

The deficit is the consequence of the state’s unwise and unsustainable choice of enormously expanding spending while its tax base declined.

You can see the Hoover piece here. 

And, if you really want to get into the weeds, check this piece out. The old joke about spending like a drunken sailor applies. California took an historically large surplus and frittered it away on programs that didn’t make a difference. Sad, really.

See the entire column here.