Broke, Burning, and Budgeted: California’s $321 Billion Balancing Act

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Plebonomics

AJ Ghosh

12 episodes

2 days ago

Macro and microeconomic insights made digestible for the everyday person.

Investing

Business

RSS

All content for Plebonomics is the property of AJ Ghosh and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Macro and microeconomic insights made digestible for the everyday person.

Investing

Business

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Broke, Burning, and Budgeted: California’s $321 Billion Balancing Act

Plebonomics

44 minutes 42 seconds

4 months ago

Broke, Burning, and Budgeted: California’s $321 Billion Balancing Act

Bonus Episode: Inside California’s $321 Billion Budget: What the 2025-26 Plan Means for You

Hook: Fires, federal shifts, and financial strain — California’s facing a massive shortfall. So how did they balance a $321 billion budget?

In this special episode of Plebonomics, we break down the 2025 Budget Act of California — no spreadsheets required. We explain what caused the shortfall, how lawmakers patched the gap, and what it means for everything from schools and healthcare to housing, climate, and public safety.

💰 Where the money’s going — and where it’s not
🏥 Big wins, hard cuts, and rejected proposals
🔥 The economic ripple of the LA fires and rising program costs

Whether you live in California or just want to understand how big-state budgets really work, this episode gives you a clear, Pleb-friendly look into one of the largest public budgets in the world.