Gavin Newsom’s California Drowns in $68 Billion Deficit, Defaults on $20 Billion Loan from Fed…And Democrats Tout Him as Their Frontrunner for the White House…

It has been revealed that California is drowning in a $68 billion budget deficit which has resulted in the state defaulting on a $20 billion loan from the federal government.

The multi-billion dollar deficit comes under Democrat Gov. Gavin Newsom’s leadership and is so extreme that Newsom’s Department of Finance has called for a spending freeze across state agencies. Newsom’s administration has made a similar decision only once before which was at the start of the Covid-19 pandemic when revenue began to plummet, KCRA News reports.

Congressman Kevin Kiley (R-CA) slammed the deficit and claimed that it’s the result of severe financial mismanagement.

“It doesn’t have to be this way,” Kiley wrote on X. “Well-governed states currently have a surplus while also providing a much higher quality of government services.”…