Deficit USD26 billion for California.Once upon a time, there was this boy called Consumption, who consume 70% of the total GDP. As he grows, his appetite grows, he wants the best, using his credit cards, and buying gusting gas SUV, and soon he became an obesse. He also bought a few houses thinking it will supplement his income, with low interest payment for the first few years and practically minimum capital, why not.
Soon, he was way to fat, and one fine day, he collapse on the street and he was brought to the doctor. The doctor said, you are in serious condition, if you do not start reducing your weight, you will find yourself with more illness than you ever thought you might get.
So, what is the solution here? eat more, take drugs, slow down on food, exercise, reduce consumption etc?
Well, he is none other than California.
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