California - An Economic Turnaround

As countries including Australia are grappling with how to reduce deficits they need to look no further than California which if it was a sovereign country would be the 8th largest in the world. When Governor Jerry Brown took office in 2011 the deficit was $27 Billion and now it is in Surplus. This leaves the state of California in the position to start going about repaying the huge amounts of debt that it owes.

In this interview Governor Brown talks about spending cuts, increasing taxes and the difficult decision that the state had to make. He also talks about the need to provide a platform for the lower skilled workers and infrastructure.

You can find more interesting economic and social policy interviews on the Shartru Wealth website

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