California’s Debt “Problem” Isn’t Really A Problem

California’s Debt “Problem” isn’t really a Problem

Thanks to Mário De Sá Campos Much has been made about California's debt as one of the hurdles we'll face in becoming an independent nation. But a closer look at the numbers really brings that obstacle down to size. California's debt is around $400B. But California's GDP is $2.5T ($2,500B) and accounts…