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Will California ever pay off its massive debt?

OCTOBER 26, 2017 | by Editorial Board | LOS ANGELES DAILY NEWS

Editorial, includes “Last week, we questioned whether Congress would ever get serious about paying down the national debt. Now we pose a similar question of our state elected officials. … This point was crystallized by a new study from financial watchdog group Truth in Accounting, which just released its annual 'Financial State of the States' report. … Governments may be able to conceal their debts better than individual taxpayers, but they cannot avoid them forever.”

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