California, the most populated state of the country has everyone talking about it. Some media reports have stated that California has come in way under budget and will be facing a large debt that will be almost impossible to repair. Other reports state that the sunshine state is leading the nation in economic growth and output and is flourishing. Knowing which account to believe seems to require a more thorough examination of the facts.
Recent reports of an increasing amount of foreclosures in the state of CA as well as a decrease in state revenue have the media making some bold claims.