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Subject California 'net worth' plunges to minus-$127 Billion, while Texas boasts nearly $10 Billion budget surplus!

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[link to blogs.sacbee.com]

Were California's state government a business, it would be a
candidate for insolvency with a negative net worth of $127.2
billion, according to an annual financial report issued by
State Auditor Elaine Howle and the Bureau of State Audits.

[link to www.thedailybeast.com]

Surpluses are showing up in places you’d expect. North Dakota,
currently enjoying an energy and agricultural boom, is
projecting a $1.6 billion surplus over its two-year budgeting
cycle. Texas, another resource-rich state, foresees an $8.8
billion surplus over its current two-year budget cycle.

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