LA To Institute Mass Layoffs Of City Workers In Wake Of $1 Billion Deficit | ZeroHedge
For many years now the narrative on California is that it is a country unto itself and it generates so many tax dollars the federal government and red states should be throwing a garden party in its honor. In reality, California is not a "donor state" as the Rockefeller Institute claims. It can't even support itself, let alone bolster the rest of the country.
This problem has become more evident in the past year as Los Angeles hits a budget deficit of a billion dollars (more…)