California Governor Calls on Congress to Issue Additional $1 Trillion for Local Governments

As if the Democrat’s $3 trillion coronavirus relief bill isn’t enough to make the Republican senate fall over, California Governor Gavin Newsom’s $1 trillion request will surely do it.

On Friday, California Governor Gavin Newsom, along with his specially appointed task force consisting of some of Hollywood’s top execs including Netflix Chief Content Officer Ted Sarandos, Disney’s Executive Chairman Bob Iger, and the wife of Mark Zuckerberg, Priscilla Chan, penned a letter to Congress, urging for a $1 trillion relief package to help with local government budget cuts across all US states In the letter, they presented California to be in deep peril if government aid is not delivered, suggesting that they will be forced to increase budget cuts for child care, small business support and job training.

Newscom also released a revised budget plan which will be slashing billions from essential services in order to address the extensive $54.3 billion deficit left behind by the coronavirus pandemic. As a result, the California governor is making a plea to Congress for help, so that essential government services across the US such as public education, healthcare, and safety are not compromised.

Due to California’s financial ruin stemming from the coronavirus pandemic, Newscom decided to appoint this special task force to aid in the state’s economic recovery. Because who else better understands the hardships that working class Americans are faced with than some of Hollywood’s highest paid “business leaders,” right?

It really makes one wonder, with a GDP per capita of $58,619 – which is the 8th highest GDP per capita across all US states by the way – why does the governor still need to ask Congress for a special $1 trillion aid package on behalf of all US states? Is he forgetting that California is home to some of the wealthiest celebs in the world – perhaps sending them an urging letter may be more effective. But then again, maybe not.

Information for this briefing was found via CNBC. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold and Silver Delivery Is Exposing the Paper Market | Andy Schectman

The Court Ruling And What Emerita Still Has In Play | David Gower – Emerita Resources

The Paper Price Is Finally Being Forced To Match Physical Silver | Shawn Khunkhun & Rick Van Nieuwenhuyse

Recommended

The Court Ruling And What Emerita Still Has In Play | David Gower – Emerita Resources

Silver47 Reports Discovery Of FOMO Zone At Red Mountain After Sampling 1,793 g/t Silver Equivalent

Related News

Tech Giants May Fund Local News Under New California Bill

The California Senate has passed a bill that could allocate $500 million annually to fund...

Friday, June 28, 2024, 09:33:00 AM

Mexico Lockdown Decreases Worlds Silver Production 23%

Like many other precious metals, the production of silver has now been significantly impacted by...

Thursday, April 2, 2020, 09:45:28 PM

Rent Prices in San Francisco Plunge as Americans Relocate to Suburbs Amid Pandemic

As densely populated areas across the US become coronavirus hotspots, many Americans have been rapidly...

Sunday, July 5, 2020, 11:15:00 AM

Mnuchin: Fed to Make $4 Trillion Dollars of Loans Available to Small Businesses, Plus $3k Cheque to Families

Sweet Jesus! This morning US Treasury Secretary Steven Mnuchin was on Fox Business and said...

Sunday, March 22, 2020, 11:41:32 AM

Datametrex To Sell Health Canada Approved COVID-19 Test Kits

Datametrex AI (TSXV: DM) announced this morning that it has obtained non-exclusive rights to a...

Monday, May 11, 2020, 10:56:16 AM