I take no joy in reporting that the governor of my state is, in fact, an insufferable gasbag trying to run a fledgling shadow presidential campaign without actually competing directly against Joe Biden in the Democratic primary.
Gavin Newsom is really a piece of work. In just a short period of time, he’s taken an $97 billion dollar projected surplus and turned it into a $23 billion dollar deficit. He’s convinced Joe Biden to help him hide it by delaying income tax payments from Californians until the state’s next fiscal year. By doing so, receipts into the Treasury have fallen, as California accounts for something like 18% of filings, therefore bringing the debt ceiling crisis to a head faster than it otherwise would have because of a delay of revenue coming into the Treasury.