Oregon legislator reads CAFR, finds billions, ends budget deficit crisis; California can do same today

source with video. The below 2-minute video shows an Oregon legislator appropriately outraged to discover the Orwellian lie of omission that his state has available assets valued over ten times the budget deficit. This is true in every state; documented in the Comprehensive Annual Financial Report (CAFR). When Democratic and Republican “leadership” states public goods and […]

CAFR: UC budget fully funded with one-fifth of one percent of CA state “investments”

source. The UC system had a budget deficit for this ending school year of $0.65 billion. The policy response was to deny 2,300 students enrollment, lay-off over 2,000 faculty and staff, furlough teaching days and cut 10% salaries, and raise tuition by 32%. For less than one-fifth of one percent of the investment total of […]