At end of the week, California's State Auditor released its annual financial report for the state. The report, compiled by Auditor Elaine Howle, found the state has a net worth of -$127.2 billion. If the state were a business, it would be a candidate for liquidation.
Saturday, March 30, 2013
STATE AUDITOR: CA NET WORTH NEGATIVE $127.2 BILLION
You mean it's not worth less?
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