U.S., CA Debt Explained in 3 min.
The following 3 minute video explains what’s wrong with government debt. It specifically concerns the federal debt of $15.2 trillion (the number has gone up since the video).
But it also applies to California’s $500 billion debt for government-worker pensions.
Where’s all that money going to come from?
Jan. 7, 2012
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The decision of Tesla to locate its “gigafactory” in the Reno area instead of California offers critics of the state’s
Editor’s Note: Mike “Mish” Shedlock of the popular Global Economic Trend Analysis blog will contribute pieces to CalWatchdog. Here is