2025 Income: $5.23Trillion
Debt: $7.O Trillion
Debt to Income Ratio: 133.8%
Spending More than I make for decades, and borrowing the difference on your visa.
@ThoughtCrimes80 The rise of two income households push the price of housing up exponentially. The opportunity for one parent to stay at home to raise the children is invaluable. Wish it could happen more often.. Colorado is no longer a place to move your family.
@ThoughtCrimes80 We moved from California to Colorado just before the market crash. Housing was Affordable, schools were great, and we were able to have my wife stay home with the kids for as long as she wanted to before she went back to work. The greatest blessing you can give to your children.
@marcelak77 I understand. I lived in California for decades where we had prop 13 the capped property taxes to keep people from losing their homes due to real estate tax increases. If you lower tax revenue by decreasing property taxes, you need to decrease, spending or find other tax revenue.
Don’t know if there is a complete absence of economics understanding in CA, but if you get rid of the billionaires here, you will get rid of all the taxes they pay. About 85% of CA revenue is paid by the top 1%. If you don’t want the city to afford to function, go ahead and get rid of the wealthy citizens.
@marcelak77 These large reductions in tax revenue from real estate ( a primary source of tax revenue for the state) will require increases in other revenue sources such as sale tax,mileage tax and rates on non exempt real estate values to make up for the gap. (Per the article)
@RepPettersen I have requested a credit line increase to $45 Trillion but appreciate your efforts to bring in more tax income.
Ignore those idiots that say we have a spending problem and tell them it's FREE... 😂😂
Sam
@YourAnonNews Only a Democrat or an idiot would believe there's such a thing as free. What it means is we'll take the money from someone else to pay for your health care.. and I'm sure it will be great just like the Mexican government.
@SilliestFoxGirl In the meantime, 4400 people working for Elon musk became instant millionaires....
Stole it from the workers and poisoning the planet 😂😂😂😂
@SenWarren Lizzie, been waiting for you to define their fair share for a decade. Your obsession with the super wealthy in this country is pathetic. Thousands of millionaires have come from the hard work of these entrepreneurs. A wealth tax does not create free child care, just used op's $$
@iqrafatma1278 Dining out has become more uncomfortable experience with the dawn of all these electronic payment devices. Servers will stand over you as you complete the transaction and enter the tip amount. Many of these devices default to 20 or 25%. Good service. Good food. Good tip.