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State Debt Hits $2,559 Per Californian

Of the nation's 10 most populous states, only New York and Illinois owe more money per capita than California. Tell us what you think.

Maybe California's state motto should be changed from Eureka ("I have found it") to Caramba ("I have spent it").

According to a new report from the state treasurer, eliminating California's red ink would require every man, woman and child in the state to pony up $2,559.

Among the nation's 10 most populous states, only New York ($3,208) and Illinois ($2,564) owe more per capita.

In contrast, Texas' state debt totals $588 per resident and Michigan is $785.

In the 2012-13 fiscal year, California's debt service bill is projected at $8.6 billion, or nearly 9 percent of general fund revenues. If Prop. 30 fails, that percentage would climb higher, the report says.

Tell us what you think in the comments: How should California erase its red ink?

Alberto Barrera October 02, 2012 at 03:48 AM
We need more debt, California should be #1 in everything!
Robert G October 02, 2012 at 10:44 AM
So funny, i like it haha! Basically, if every state's individual citizen pays off there "debt" then america should be back to zero and everyone get a chance? hmmmm not bad!
The Beast ! October 02, 2012 at 02:53 PM
I have a great idea lets have every person living in california pay a tax increase of $2559.00 and its should all be solved. What am I think ............most dont pay any taxes that why we have the problem in the 1st place.
Joker Joe October 02, 2012 at 03:13 PM
lol lol lol Back to zero so the politicians can start fresh to spend our money.... lol lol How about a train to nowhere???
Lon Uso October 02, 2012 at 05:35 PM
During a League of Cities lecture a Democratic State Senator shared his thoughts. He said; California doesn't have a spending problem, we have a taxing problem. VOTE NO ON 30 & 38!!!!
Joker Joe October 02, 2012 at 05:41 PM
Lon Don't you understand that if the Democrats tax us more they can spend more. We need more taxes so they can spend our money. After all they know how to spend your money better than you....
Lon Uso October 02, 2012 at 07:05 PM
never thought of that Bo. Thanks for clearing that up, i was about to re-register as a Dem, lol
Joker Joe October 02, 2012 at 07:08 PM
Love someone that understands my humor. We could be friends for life.... lol
Lon Uso October 02, 2012 at 07:18 PM
Only if I'm Cisco and you are Pancho
Joker Joe October 02, 2012 at 08:06 PM
Lotta Ponchos in this state. It is a sanctuary state. But it could be Muslim soon. Cops to answer in court for 'stoning' of Christians Hundreds of angry Muslims threw chunks of concrete and eggs at a team of Christians, spraying them with urine and cursing at them – all while police stood by and then threatened the victims with "disorderly conduct." http://www.youtube.com/watch?v=vnJBW49afzg Egypt ? Saudi Arabia ? Somalia ? No. Dearborn , Michigan . Now, the police who stood passively by as the Christians were assaulted are being called to account. The times they are a changing......................
Kathi October 02, 2012 at 08:10 PM
Hard to understand that they still don't get it & keep approving more & more things to spend $ on. OCR just reported a new state private pension system just was signed by the gov. Sort of a state version of SS & we know how well that is working. Yeah, they keep authorizing more $ to be spend on the high speed train to nowhere. & thats both the legislature & voters who fall for lines about things like the high speed rail that it won't increase taxes. They don't get it that while those propositions may not directly increase taxes, they certainly will add to our debt load & lower our state credit rating (except for the few that may have a dedicated revenue stream from revenues generated by whatever it is such as I think the home loan programs for vets). & of course this debt is on top of the massive federal debt. & technically I thought that states were not supposed to be in debt. But maybe that's they just can't have a deficit budget--so they play games w that also w more rosy than reasonable revenue projections to sucker in votes. & people keep electing these irresponsible ones. I wonder if they treat their personal finances the way they treat the state finances?
Kathi October 02, 2012 at 08:16 PM
Don't think we are there yet in CA. Remember the case of the Muslim students at UCI who disrupted the Israeli Ambassadors talk. They were charged & I think were convicted for that. But of course the propaganda machine was going big time w their misleading statements & slogans as though their free speech rights were being violated when they were violating the free speech rights of others. But I suspect that a lot of Muslims were embarrassed by that.
Joker Joe October 02, 2012 at 08:35 PM
Kathi "A lot of Muslims were embarrassed by that".... They seem to be embarrassed a lot by a lot of things but they keep taking over free speech. They seem to be taking over our religions. They seem to be killing our troops.... But they are embarrassed by that..
Joker Joe October 02, 2012 at 08:44 PM
http://www.youtube.com/watch_popup?v=JVAhr4hZDJE&vq=medium#t
Kathi October 02, 2012 at 08:47 PM
Bobo, I think you missed my point. Yeah there is a valid problem that you bring up, but I don't think that all Muslims here are doing that. I have some nice Muslim friends & neighbors. But yes I realize that worldwide many of them are attacking & killing Christians & even other Muslims & even in the US there is some of that, but apparently not all Muslims are doing that. Plus this is off the topic of the article which is about state debt.
Buy My Bikes October 02, 2012 at 09:05 PM
California expensive but totally worth it!!!!!
Joker Joe October 03, 2012 at 02:49 PM
Kathi I did not miss your point. But I think you missed my point. Yes there are Muslims that are nice and they apologize for other Muslims. But when you get enough of them together it is a mob mentality and they will destroy the country and the constitution. In the film below look at all the YOUNG kids cursing and attacking the peaceful sign holders. It's called mob mentality and that is the way they are being brought up. The Koran is their guide and the way they interpret it is if you are not a believer in Islam you are the enemy. Time to wake up!!!
Joker Joe October 03, 2012 at 02:58 PM
This should help the state debt... not. SACRAMENTO, Calif. (KABC) -- California Gov. Jerry Brown announced Sunday he has signed a bill making hundreds of thousands of young undocumented immigrants eligible for driver's licenses. AB2189 was proposed by Assemblyman Gil Cedillo (D-Los Angeles) and it will let the Department of Motor Vehicles issue licenses to illegal immigrants eligible for work permits under a new Obama administration policy. The bill allows people who are granted deferred action to apply for a driver's license and requires the DMV to accept as proof of legal residence whatever document the federal government provides to the participants in the deferred action program. With this law only one of four immigrants would qualify. They would have to be between the ages of 15 and 31, entered the U.S. before the age of 16 and been residents for at least five years. Cedillo has long been a champion of securing driver's licenses for undocumented immigrants so they can drive legally. He praised Brown for choosing "public safety over politics" by signing the bill.

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