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A comment on California’s Newsom Sees Budget Deficit Deepening to $32B. Parent comment

Re:California’s Newsom Sees Budget Deficit Deepening to $32B by the_optimist on Friday May 12, 2023 @11:10PM (#35925099)
This is not obvious. Why is this a terrible decision?
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Re:California’s Newsom Sees Budget Deficit Deepening to $32B by garciasn on Friday May 12, 2023 @11:22PM (#35925162)
Because it left the state in an untenable situation this year?
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Re:California’s Newsom Sees Budget Deficit Deepening to $32B by fshbbdssbbgdd on Saturday May 13, 2023 @12:17AM (#35925457)
Since there is currently no output gap in the economy, any stimulus turns 1:1 into inflation. Government spending can still be beneficial if directed toward high-ROI investments, but a straight-up cash drop is just a waste.
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Re:California’s Newsom Sees Budget Deficit Deepening to $32B by PortleyFool on Sunday May 14, 2023 @10:13AM (#35938150)
ISLM ; )
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