Gavin Newsom gave one infuriating response when asked about his state’s wasted budget surplus

Gavin Newsom’s hopes of stepping in for Joe Biden have seemingly been dashed.

It didn’t help that he has been a terrible governor.

And Newsom gave one infuriating response when asked about his state’s wasted budget surplus.

Gavin Newsom tried desperately to edge himself into the national discourse.

But after getting trounced by Florida Governor Ron DeSantis in a debate, Newsom has been licking his wounds.

California residents, including Newsom’s own in-laws, have been flocking to Florida, which is managed much more effectively.

And Newsom’s mismanagement was put on display when he was asked about California’s mysteriously shrinking budget surplus.

Show me the money

The reporter asked, “Can we explain to Californians how we moved from a $100 billion surplus to such a significant deficit in just a matter of a few years?”

Newsom started vomiting jargon and said, “Well, it’s—yeah, we can explain it. $349 billion of unprecedented capital gains, 11.6% when traditional capital gains is around 5.18% on average. It’s almost double. So you have massive volatility. You have requirements under Prop 2, the GAN, you have requirements under Prop 98, which require that set-aside.”

Newsom’s rambling response continued.

The Governor said, “We use 93% of our surplus, which is—I want to be careful—either on the higher end or without precedent, for one-time purposes. So we anticipated—because we didn’t want that surplus to go to ongoing commitments. We anticipated that shortfall.”

Then he moved onto blaming climate change for the evaporated surplus.

“Rain bombs”

Newsom continued, “What we didn’t anticipate is these rain bombs in December, January, February, and March. These atmospheric rivers that led to a federal declaration—that led to FEMA and the IRS moving in a direction where we couldn’t collect our taxes until I believe November 16. . .as opposed to April 15.”

So the “rain bombs” were responsible for the money disappearing.

Newsom added, “And so therein lied this blackout period that beguiled all of us, the LAO, finance, economists, experts. And interestingly, I mean. . .[I’ve] just been at the White House recently—had an impact in terms of the IRS collections as well with their estimates because there were other states that had similar delays in their taxes related to weather events.”

Newsom doubled down on climate change being the key factor.

He concluded, “If there was any indication that climate change has impacts well beyond those that are often promoted, I would consider our financial delays as just another example of why we need to tackle them.”

 

California has become a poster child for bad governance.

Despite great weather, geography, and resources, California has experienced net negative migration out of the state the past few years thanks to the politicians.

Democrats have a supermajority in the state legislature, which means that all crazy ideas are on the table.

For example, California extended healthcare coverage to illegal aliens seeking “gender-affirming care” such as irreversible surgeries and hormone treatments.

It’s no wonder the state’s budget surplus is gone.

Democrat politicians are spending the money faster than they can collect it.

Stay tuned to Blue State Blues for any updates to this ongoing story. 

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